The Gross Domestic Product (GDP) in Canada was worth 2241.25 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Canada represents 2.11 percent of the world economy. This dataset provides - Canada GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the Gross Domestic Product (GDP) of Canada in June 2025, distinguished by major industry. In June 2025, the construction industry of Canada contributed about 167.5 Canadian dollars to the total Canadian GDP.

Unemployment Rate in Canada decreased to 6.90 percent in October from 7.10 percent in September of 2025. This dataset provides - Canada Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Canada expanded 0.60 percent in the third quarter of 2025 over the previous quarter. This dataset provides - Canada GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the unemployment rate in Canada from 2019 to 2023, with projections up until 2029. In 2023, the unemployment rate in Canada was at around 5.41 percent. Canada’s economy Three-quarter of Canada’s workforce is employed in the services sector, with the other two sectors, agriculture and industry, accounting for the rest of Canada’s employment. The country’s main export and import partner is the United States. Although both export and import figures have increased over the last few years, the trade balance of goods in Canada – i.e. the value of Canada’s exports minus the value of its imports – has slumped dramatically since the economic crisis hit in 2008. In 2009, for the first time in a decade, Canada reported a trade deficit, and the figures are still struggling to recover. Additionally, Canada’s public debt has been increasing since the crisis. Although a few key figures are still not back to the usual level, Canada and its economy seem to have more or less bounced back from the crisis; as can be seen above, the unemployment rate is gradually decreasing, for example, and gross domestic product / GDP in Canada has been increasing steadily. Canada is thus among the countries with the largest proportion of global gross domestic product / GDP based on Purchasing Power Parity. Canada is among the leading trading nations worldwide, and an important part of its economy is the export of oil. The country hosts significant oil resources, in fact, its capacity is the third-largest after those of Saudi Arabia and Venezuela.

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

Canada's inflation rate experienced significant fluctuations from 2018 to 2025. Inflation peaked at *** percent in June 2022 before steadily declining to *** percent by December 2024. In early 2025, inflation began to increase again, rising to *** percent in February and dropping to *** percent in March. In April 2025, inflation decreased to *** percent. In response to rising inflation between 2020 and 2022, the Bank of Canada implemented aggressive interest rate hikes. The bank rate reached a maximum of **** percent in July 2023 and remained stable until June 2024. As inflationary pressures eased in the second half of 2024, the central bank reduced interest rates to *** percent in December 2024. In 2025, the bank rate witnessed further cuts, standing at * percent in March 2025 and **** percent in September 2025. This pattern reflected broader global economic trends, with most advanced and emerging economies experiencing similar inflationary challenges and monetary policy adjustments. Global context of inflation and interest rates The Canadian experience aligns with the broader international trend of central banks raising policy rates to combat inflation. Between 2021 and 2023, nearly all advanced and emerging economies increased their central bank rates. However, a shift occurred in the latter half of 2024, with many countries, including Canada, beginning to lower rates. This change suggests a new phase in the global economic cycle and monetary policy approach. Notably, among surveyed countries, Russia maintained the highest interest rate in early 2025, while Japan had the lowest rate. Comparison with the United States The United States experienced a similar trajectory in inflation and interest rates. U.S. inflation peaked at *** percent in June 2022, slightly higher than Canada's peak. The Federal Reserve responded with a series of rate hikes, reaching **** percent in August 2023. This rate remained unchanged until September 2024, when the first cut since September 2021 was implemented. In contrast, Canada's bank rate peaked at **** percent and began decreasing earlier, with cuts in June and July 2024. These differences highlight the nuanced approaches of central banks in managing their respective economies amid global inflationary pressures.

The statistic shows the average inflation rate in Canada from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year. For comparison, inflation in India amounted to 5.56 percent that same year. Inflation in Canada In general, the inflation rate in Canada follows a global trend of decreasing inflation rates since 2011, with the lowest slump expected to occur during 2015, but forecasts show an increase over the following few years. Additionally, Canada's inflation rate is in quite good shape compared to the rest of the world. While oil and gas prices have dropped in Canada much like they have around the world, food and housing prices in Canada have been increasing. This has helped to offset some of the impact of dropping oil and gas prices and the effect this has had on Canada´s inflation rate. The annual consumer price index of food and non-alcoholic beverages in Canada has been steadily increasing over the last decade. The same is true for housing and other price indexes for the country. In general there is some confidence that the inflation rate will not stay this low for long, it is expected to return to a comfortable 2 percent by 2017 if estimates are correct.

The benchmark interest rate in Canada was last recorded at 2.25 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Canadian Dollars to U.S. Dollar Spot Exchange Rate (DEXCAUS) from 1971-01-04 to 2025-11-28 about Canada, exchange rate, currency, rate, and USA.

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.

Key information about Canada Government Debt: % of GDP

• Canada Government debt accounted for 69.4 % of the country's Nominal GDP in Mar 2024, compared with the ratio of 66.9 % in the previous year.
• Canada government debt to GDP ratio data is updated yearly, available from Mar 1962 to Mar 2024.
• The data reached an all-time high of 83.6 % in Mar 1996 and a record low of 33.1 % in Mar 1977.

CEIC calculates Government Debt as % of Nominal GDP from annual Government Debt and quarterly Nominal GDP. The Department of Finance Canada provides Government Debt in local currency. Statistics Canada provides Nominal GDP in local currency based on CSNA 2012/SNA 2008. Government Debt as % of Nominal GDP is in annual frequency, ending in March of each year.


Related information about Canada Government Debt: % of GDP

• In the latest reports, Canada National Government Debt reached 1,519.8 USD bn in Mar 2024.
• The country's Nominal GDP reached 520.3 USD bn in Mar 2023.

Inflation Rate in Canada decreased to 2.20 percent in October from 2.40 percent in September of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Risk premium on lending of Canada went down by 0.76% from 2.20 % in 2016 to 2.18 % in 2017. Since the 8.74% surge in 2015, risk premium on lending reduced by 3.89% in 2017. Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the "risk free" treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.

Exports: Canada: Prepared Feathers & Down & Articles data was reported at 0.000 USD mn in Nov 2021. This stayed constant from the previous number of 0.000 USD mn for Oct 2021. Exports: Canada: Prepared Feathers & Down & Articles data is updated monthly, averaging 0.000 USD mn from Jan 2003 (Median) to Nov 2021, with 203 observations. The data reached an all-time high of 0.003 USD mn in Apr 2005 and a record low of 0.000 USD mn in Nov 2021. Exports: Canada: Prepared Feathers & Down & Articles data remains active status in CEIC and is reported by Ministry of Economy. The data is categorized under Global Database’s Mexico – Table MX.JA013: Exports: by Country and Commodity: by 2 Digit HS Code: Ministry of Economy (Discontinued).

Graph and download economic data for Real-time Sahm Rule Recession Indicator (SAHMREALTIME) from Dec 1959 to Sep 2025 about recession indicators, academic data, and USA.

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

The Canadian payments market is experiencing robust growth, projected to reach a substantial value by 2033. A Compound Annual Growth Rate (CAGR) of 15.40% from 2019 to 2033 indicates a significant upward trajectory driven by several key factors. The increasing adoption of digital payment methods, including mobile wallets and card payments, is a major catalyst. E-commerce expansion across various sectors like retail, entertainment, and healthcare fuels this trend, pushing consumers and businesses towards convenient and efficient online transaction solutions. Furthermore, the growing penetration of smartphones and improved internet infrastructure in Canada provides fertile ground for digital payment innovation. While challenges remain, such as concerns about data security and the need for wider digital literacy, the overall market momentum is positive. The competitive landscape is dynamic, with established players like Visa, Mastercard, and PayPal alongside emerging fintech companies such as Clearly Payments Inc. and Wealthsimple Cash vying for market share. This competition fosters innovation and drives down transaction costs, ultimately benefiting consumers and businesses. The market segmentation highlights the dominance of Point of Sale (POS) payments, but the online sales segment is rapidly gaining traction, indicating a shift towards digital commerce. The diverse end-user industries, from retail to healthcare, demonstrate the broad applicability and importance of a seamless payment system in the Canadian economy. The forecast for the Canadian payments market anticipates continued strong growth throughout the forecast period (2025-2033). Government initiatives promoting digital financial inclusion and regulations that improve data security and consumer protection further solidify the positive outlook. The ongoing integration of innovative technologies such as artificial intelligence and blockchain into payment systems will also enhance security and efficiency. While the exact market size in 2025 is not explicitly provided, extrapolating from the CAGR and available data suggests a considerable market value. The diverse range of payment methods and end-user industries ensures resilience against any single economic shock and provides opportunities for growth across segments. The focus remains on enhancing security, user experience, and regulatory compliance, underpinning sustainable and inclusive expansion. Recent developments include: May 2022 - WooCommerce, the flexible, open-source commerce solution built on WordPress, and Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced a deepened partnership to provide WooCommerce merchants the opportunity to offer consumers the ability to pay over time through Affirm. Eligible WooCommerce businesses will now be able to seamlessly offer Affirm at checkout in a few simple clicks in the U.S. and Canada via PayBright, an Affirm company and one of Canada's leading providers of installment payment plans., April 2022 - Payments Canada, Canada's largest payment organization, has entered into a strategic partnership with Tata Consultancy Services (TCS) to transform its payment system operations and help implement the Real-Time Rail (RTR), the new real-time payments system that will allow Canadians to initiate payments and receive irrevocable funds in seconds. TCS will leverage its deep knowledge of the Canadian payments industry and extensive experience in designing and implementing large payment systems for its Canadian financial services clients to help Payments Canada create and execute an integration roadmap for the RTR., January 2022 - With a strong desire to meet the growing needs of technology partners and U.S. and Canadian merchants, Merrco Payments Inc. has added functionality to its PayHQ platform to ensure businesses are able to process integrated payments legally, securely and seamlessly. With PayHQ, technology solution providers, including Point of Sale (POS) and Integrated/Independent Software Vendor (ISV) partners, can grow their brick-and-mortar and e-commerce client base with a Payment Card Industry Data Security Standards compliant checkout experience while minimizing payment credential management. Merrco's payment portal enables omnichannel payment processing across the U.S. and Canada through a single connection and interface.. Key drivers for this market are: High Proliferation of E-commerce, Including the Rise of M-commerce, is expected to drive the Payments Market, Enablement Programs by Key Retailers and Government encouraging digitization of the market; Growth of Real-time Payments, especially Buy Now Pay Later and Rise of Real-Time Rail Payments in Canada. Potential restraints include: High Implementation and Maintenance Cost. Notable trends are: High Proliferation of E-commerce, Including the Rise of M-commerce, is expected to drive the Payments Market.

The environmental perspective for the Housing Economic Account provides users detailed information on emissions related to residential construction and clean technology involved. The table breaks down greenhouse gas emissions, greenhouse gas emissions per value added, and clean technology input for residential construction for Canada and provinces.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Canada Interest Rate.