In the fourth quarter of 2023, 16 percent of surveyed leaders felt optimistic about how the Canadian economy would perform over the following 12 months, an slight decrease of one percentage point from the second quarter of 2022.

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.

The statistic shows the gross domestic product growth rate in Canada from 2020 to 2024, with projections up until 2030. In 2024, Canada’s real GDP growth was around 1.53 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 Gross Domestic Product (GDP) in Canada expanded 0.50 percent in the first 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.

According to a survey conducted in May 2023 in Canada, around 58 percent of the youth described the state of the country's economy as poor or even very poor. Older generations tended to think alike, with 53 percent of the 55 and older who believed the same.

Data on the activities of Canadian and foreign multinational enterprises in Canada, for example the number of jobs, assets, operating revenues, international merchandise trade or gross domestic product, as a share of the Canadian economy.

Canada: Economic growth forecast: The latest value from 2030 is 1.52 percent, a decline from 1.64 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Canada from 1980 to 2030 is 2.22 percent. The minimum value, -5.04 percent, was reached in 2020 while the maximum of 5.95 percent was recorded in 2021.

The Gross Domestic Product (GDP) in Canada expanded 2.30 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Canada GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This resource provides a concise summary of selected Canadian economic events, as well as international and financial market developments by calendar month. It is intended to provide contextual information only to support users of the economic data published by Statistics Canada. In identifying major events or developments, Statistics Canada is not suggesting that these have a material impact on the published economic data in a particular reference month.

This resource provides a concise summary of selected Canadian economic events, as well as international and financial market developments by calendar month. It is intended to provide contextual information only to support users of the economic data published by Statistics Canada. In identifying major events or developments, Statistics Canada is not suggesting that these have a material impact on the published economic data in a particular reference month.

The statistic shows the gross domestic product (GDP) in Canada from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product in Canada was around 2.41 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.

Key information about Canada Nominal GDP Growth

• Canada Nominal GDP Growth was reported at 4.311 % in Sep 2024.
• This records a decrease from the previous number of 5.115 % for Jun 2024.
• Canada Nominal GDP Growth data is updated quarterly, averaging 6.510 % from Mar 1958 to Sep 2024, with 267 observations.
• The data reached an all-time high of 23.418 % in Jun 2021 and a record low of -12.831 % in Jun 2020.
• Canada Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

Canada GDP for 2023 was 2.142 trillion US dollars, a 0.88% decline from 2022.

<ul style='margin-top:20px;'>

<li>Canada GDP for 2022 was <strong>2.161 trillion US dollars</strong>, a <strong>7.67% increase</strong> from 2021.</li>
<li>Canada GDP for 2021 was <strong>2.007 trillion US dollars</strong>, a <strong>21.25% increase</strong> from 2020.</li>
<li>Canada GDP for 2020 was <strong>1.656 trillion US dollars</strong>, a <strong>5.05% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Canada: Economic growth: the rate of change of real GDP: The latest value from 2023 is 1.25 percent, a decline from 3.82 percent in 2022. In comparison, the world average is 3.43 percent, based on data from 184 countries. Historically, the average for Canada from 1961 to 2023 is 3.03 percent. The minimum value, -5.04 percent, was reached in 2020 while the maximum of 7.43 percent was recorded in 1962.

This dataset contains estimates of power generation and economic breakevens for solar-power projects at various scales and installation costs in most communities in Canada.

Key information about Canada Real GDP Growth

• The Gross Domestic Product (GDP) in Canada expanded 2.1 % YoY in Dec 2022, following a growth of 3.8 % in the previous quarter.
• Real GDP Growth YoY data in Canada is updated quarterly, available from Mar 1962 to Dec 2022, with an average rate of 3.1 %.
• The data reached an all-time high of 12.1 % in Jun 2021 and a record low of -12.2 % in Jun 2020.

• In the latest reports, Nominal GDP of Canada reached 513.5 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 4.2 % in Dec 2022.
• GDP Per Capita in Canada reached 54,104.3 USD in Jun 2022.
• Its Gross Savings Rate was measured at 23.4 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 23.1 % in Dec 2022.
• Public Consumption accounted for 21.0 % in Dec 2022.
• Private Consumption accounted for 55.6 % in Dec 2022.

The latest data from show economic growth of 2.31 percent, which is an increase from the rate of growth of 2.29 percent in the previous quarter and
an increase compared to the growth rate of 0.78 percent in the same quarter last year. The economic growth time series for Canada cover the period...

Canada gdp growth rate for 2023 was 1.25%, a 2.57% decline from 2022.

<ul style='margin-top:20px;'>

<li>Canada gdp growth rate for 2022 was <strong>3.82%</strong>, a <strong>1.47% decline</strong> from 2021.</li>
<li>Canada gdp growth rate for 2021 was <strong>5.29%</strong>, a <strong>10.33% increase</strong> from 2020.</li>
<li>Canada gdp growth rate for 2020 was <strong>-5.04%</strong>, a <strong>6.95% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Economic growth, quarterly in Canada, March, 2025 The most recent value is 0.55 percent as of Q1 2025, an increase compared to the previous value of 0.51 percent. Historically, the average for Canada from Q2 1961 to Q1 2025 is 0.76 percent. The minimum of -11 percent was recorded in Q2 2020, while the maximum of 9.08 percent was reached in Q3 2020. | TheGlobalEconomy.com

The growth rate of the real gross domestic product in Canada declined to 1.25 percent in 2023. The year marks a significant change in the growth rate compared to the previous year. Gross domestic product (GDP) growth refers to the annual change in GDP, and uses constant prices to allow comparisons between years without the impact of monetary inflation.