This statistic shows the Gross Domestic Product (GDP) of Canada in February 2024, distinguished by major industry. In February 2024, the construction industry of Canada contributed about 160.97 billion Canadian dollars to the total Canadian GDP.

The Gross Domestic Product (GDP) in Canada was worth 2142.47 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Canada represents 2.03 percent of the world economy. This dataset provides - Canada GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Gross Domestic Product for Canada (NGDPRSAXDCCAQ) from Q1 1961 to Q4 2024 about Canada, real, and GDP.

Canada's transportation and warehousing industry had grown by 4.9 percent between February 2023 and February 2024. The mining, quarrying, and oil and gas extraction industry followed with 2.5 percent. By contrast, the sector which experienced the largest loss was the management of companies and enterprises.

Gross National Product in Canada increased to 3088000 CAD Million in the fourth quarter of 2024 from 3043592 CAD Million in the third quarter of 2024. This dataset provides - Canada Gross National Product - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Domestic Product (GDP) at basic prices, by various North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, (dollars x 1,000,000), monthly, 5 most recent time periods.

The statistic shows the gross domestic product (GDP) in Canada from 1987 to 2023, with projections up until 2029. In 2023, the gross domestic product in Canada was around 2.14 trillion U.S. dollars.

The economy of Canada

Canada is the second biggest country in the world after Russia and the biggest country in North America. Despite its large size, Canada has a relatively small population of just around 35.9 million people. However, the total population in Canada is estimated to grow to around 37.5 million inhabitants in 2020. The standard of living in the country is pretty high, the life expectancy as of 2013 in Canada ranks as one of the highest in the world. In addition, the country ranks number eight on the Human Development Index (HDI) worldwide.

All key factors point to a stable and sustainable economy. Not only is Canada’s population increasing, but the economy has been slowly recovering after the global financial crisis in 2008. The unemployment rate in Canada in 2010 was at approximately 8 percent (263696). Today, the unemployment rate in Canada is estimated to be around 6.8 percent, and it is estimated to decrease further. During the financial crisis in 2008, Canada's inflation rate amounted to around 2.4 percent. By 2013, the inflation rate was at less than 1 percent in comparison to the previous year.

Canada is considered to be one of the world’s wealthiest countries. By value of private financial wealth, Canada ranked seventh along with Italy. In addition, its gross domestic product per capita in 2014 was among the largest in the world and during the same year, its gross domestic product increased by over 2.5 percent in comparison to the previous year. Canada’s economic growth has been a result of its political stability and economic reforms following the global financial crisis. In the period between 2009 and 2010, Canada was among the leading countries with the highest political stability in the world.

Annual Provincial and Territorial Gross Domestic Product (GDP) at basic prices, by North American Industry Classification aggregates, in chained and current dollars, growth rate.

The Gross Domestic Product (GDP) in Canada expanded 0.60 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Canada GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, Canada's gross domestic product (GDP) might recover by 4.5 percent compared to the previous year. Similarly, an increase of around one percent has been projected for 2023.

This statistic shows a comparison of gross domestic product (GDP) of Canada and the United States from 2019 to 2029 in billion U.S. dollars. In 2023, GDP of Canada amounted to about 2.89 trillion U.S. dollars and GDP of the United States amounted to about 27.72 trillion U.S. dollars. Thus, aggregated GDP for North America came to about 30.61 trillion U.S. dollars that year.

Quarterly expenditure-based, gross domestic product, Canada, in chained (2017) and current dollars.

Graph and download economic data for Nominal Gross Domestic Product for Canada (NGDPNSAXDCCAQ) from Q1 1961 to Q3 2024 about Canada and GDP.

The statistic shows the gross domestic product growth rate in Canada from 2019 to 2023, with projections up until 2029. In 2023, Canada’s real GDP growth was around 1.25 percent compared to the previous year.Economy of CanadaAs an indicator for the shape of a country’s economy, there are not many factors as telling as GDP. GDP is the total market value of all final goods and services that have been produced within a country within a given period of time, usually a year. Real GDP figures serve as an even more reliable tool in determining the direction in which a country’s economy may be swaying, as they are adjusted for inflation and reflect real price changes.Canada is one of the largest economies in the world and is counted among the globe’s wealthiest nations. It has a relatively small labor force in comparison to some of the world’s other largest economic powers, amounting to just under 19 million. Unemployment in Canada has remained relatively high as the country has battled against the tide of economic woe that swept across the majority of the world after the 2008 financial meltdown, and although moving in the right direction, there is still some way to go for Canada.Canada is among the leading trading nations worldwide, owing to the absolutely vast supplies of natural resources, which make up a key part of the Canadian trading relationship with the United States, the country with which Canada trades by far the most. In recent years, around three quarters of Canadian exports went to the United States and just over half of its imports came from its neighbor to the south. The relationship is very much mutually beneficial; Canada is the leading foreign energy supplier to the United States.

The statistic shows the gross domestic product (GDP) per capita in Canada from 1987 to 2023, with projections up until 2029. In 2023, the gross domestic product per capita in Canada was around 53,607.4 U.S. dollars. Canada's economy GDP per capita is a measurement often used to determine economic growth and potential increases in productivity and is calculated by taking the GDP and dividing it by the total population in the country. In 2014, Canada had one of the largest GDP per capita values in the world, a value that has grown continuously since 2010 after experiencing a slight downturn due to the financial crisis of 2008. Canada is seen as one of the premier countries in the world, particularly due to its strong economy and healthy international relations, most notably with the United States. Canada and the United States have political, social and economical similarities that further strengthen their relationship. The United States was and continues to be Canada’s primary and most important trade partner and vice versa. Canada’s economy is partly supported by its exports, most notably crude oil, which was the country’s largest export category. Canada was also one of the world’s leading oil exporters in 2013, exporting more than the United States. Additionally, Canada was also a major exporter of goods such as motor vehicles and mechanical appliances, which subsequently ranked the country as one of the world’s top export countries in 2013.

The share in the global GDP adjusted for PPP in Canada was forecast to continuously decrease between 2024 and 2029 by in total 0.1 percentage points. After the seventh consecutive decreasing year, the share is estimated to reach 1.25 percent and therefore a new minimum in 2029. This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.Find more statistics on other topics about Canada with key insights such as the growth of the real the gross domestic product, the total population, and the gross domestic product per capita.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Canada (CANGDPRQPSMEI) from Q1 1962 to Q4 2024 about Canada, real, GDP, and rate.

Annual Provincial and Territorial Gross Domestic Product (GDP) at basic prices, by North American Industry Classification aggregates, in chained (2017) and current dollars (dollars x 1,000,000).

This graph shows the real Gross Domestic Product (GDP) of Canada in 2023, by province. In 2023, Ontario added about 852.7 billion chained (2017) Canadian dollars of value to the real GDP of Canada.

Canada GDP: Gross Fixed Capital Formation data was reported at 180,029.000 CAD mn in Dec 2024. This records a decrease from the previous number of 183,669.000 CAD mn for Sep 2024. Canada GDP: Gross Fixed Capital Formation data is updated quarterly, averaging 37,531.000 CAD mn from Mar 1961 (Median) to Dec 2024, with 256 observations. The data reached an all-time high of 183,669.000 CAD mn in Sep 2024 and a record low of 1,889.000 CAD mn in Mar 1961. Canada GDP: Gross Fixed Capital Formation data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.MEI: Gross Domestic Product: OECD Member: Quarterly.