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.

The 'Canada Per Capita Income' dataset offers a comprehensive collection of data showcasing the average income per person in Canada across numerous years. Its primary objective is to furnish valuable insights into the economic well-being and financial advancement of the Canadian populace. It serves as an invaluable resource for economists, researchers, policymakers, and analysts, facilitating the examination of income distribution trends, evaluation of the effects of economic policies, and the identification of wealth disparities.

The dataset draws its information from dependable and authoritative sources, primarily the official statistical agencies of the Canadian government, notably Statistics Canada. These agencies routinely gather and disseminate data on various economic indicators, including per capita income, through a variety of means such as surveys, censuses, and economic reports.

The motivation behind the creation of this dataset stems from the critical importance of per capita income as a fundamental metric for assessing a nation's standard of living and economic progress. By presenting historical data, this dataset empowers users to monitor Canada's economic journey, discern patterns of growth or decline, and delve into the factors influencing shifts in individual income levels. A thorough understanding of this dataset is crucial in shaping evidence-based policies that promote fair economic opportunities and overall prosperity for all members of the Canadian population.

This dataset presents detailed statistical tables from the 2011 National Household Survey (NHS) conducted by Statistics Canada, with a focus on income levels and housing characteristics across Canada. As a voluntary alternative to the former long-form census, the 2011 NHS maintains a comparable structure, capturing key socio-economic indicators with updated methodologies.

The data covers:

Income distribution, earnings, and employment income

Housing types, ownership, shelter costs, and living conditions

Social and demographic attributes of Canadian residents

The dataset spans multiple geographic levels:

Canada, provinces, and territories

Census metropolitan areas (CMAs) and census agglomerations (CAs)

Census subdivisions with populations exceeding 5,000

This release is part of the NHS Focus on Geography Series, offering easy access to essential results across geographic regions. Data collection occurred in three phases between May and August 2011, using online surveys, paper forms, and follow-up outreach.

Keywords: Income, Housing, Shelter Costs, Census, Labour, Immigration, Education, Aboriginal Peoples, Visible Minorities, Ethnic Origin Subject: Social Sciences License: Custom Dataset Terms DOI: https://doi.org/10.5683/SP3/XAO0KR

Contained within the 4th Edition (1974) of the Atlas of Canada is a set of three maps. The first map shows per capita personal income by census division for 1966 and is accompanied by a supplementary text and chart showing, by province, the percentage personal income of total national income and per capita personal income. The second map shows the total personal income by census division for 1966 as a percentage of the total national income. The third map shows the percentage of the total income by census division that is derived from sources other than employment (i.e. rental income, investment income, alimony received etc.) for 1966. The maps are accompanied by a chart expressing the structure of salaries and wages for each province and territory.

The ratio of national debt to gross domestic product (GDP) of Canada was approximately 110.77 percent in 2024. Between 1980 and 2024, the ratio rose by around 66.18 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by about 6.66 percentage points from 2024 to 2030, fluctuating as it trends downward.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

The "Canada Per Capita Income Prediction" dataset presents a comprehensive collection of historical economic data focused on Canada's per capita income, with the added dimension of predictive analysis. This dataset has been meticulously curated to offer a deep understanding of income trends, enabling researchers, economists, and policymakers to make informed decisions.

Sourced from reputable governmental agencies such as Statistics Canada, the dataset spans several decades, encompassing varying economic scenarios and policy changes. It combines indicators such as GDP growth, employment rates, inflation, and sectoral contributions, providing a holistic view of the factors influencing per capita income.

The inspiration behind compiling and predicting this dataset lies in the crucial need for accurate economic forecasting. As economies continue to evolve, accurate predictions facilitate proactive planning for governments, businesses, and individuals. This dataset empowers researchers to explore correlations between income levels and various economic indicators, shedding light on the potential effects of policy decisions on the citizens' standard of living.

In addition to its analytical utility, this dataset can serve as an educational resource, allowing students and enthusiasts to grasp the complexities of economic dynamics and predictive modeling. By offering this dataset, we aim to foster a data-driven approach to understanding the economic landscape and contribute to evidence-based discussions on economic policies, growth, and prosperity in Canada.

Since 2003, the World Bank publishes the Ease of Doing Business (EDB) Index aimed at measuring the regulatory efficiency and institutional quality of key processes that affect the business environment in a given economy. While highly influential, particularly in the developing world, the EDB has also been faced with criticism and at times controversies. In 2020, the World Bank decided to interrupt temporarily the publication of the EDB report as a result of an audit that revealed politically motivated manipulation of EDB rankings. Over time, Canada’s relative rankings fell from 4th in 2007 to 23rd in 2020 with no significant changes in its business environments or policies. Canada’s rank fall can only be partially explained as other economies such as Georgia and Mauritius surpassed Canada with higher overall rankings. To understand the underlying causes of Canada’s rank declining, the Office of the Chief Economist (OCE) commissioned a study to look at Canada’s performance in all 10 areas of the EDB Index. The study also looked at other competitiveness and economic freedom indices (e.g. IMD World Competitiveness Index, World Economic Forum Global Competitiveness report and the Fraser Institute Index of Economic Freedom) and found no such decline in Canada`s performance.

This Gallup poll seeks the opinions of Canadians, on predominantly economic, political, and social issues. The questions ask opinions of the past federal election, the economy, and Christmas. There are also questions on other topics of interest such as the standard of living in Canada, and household finances. The respondents were also asked questions so that they could be grouped according to geographic, political and social variables. Topics of interest include: election; economy; standard of living; Christmas; and political party preference. Basic demographic variables are also included

The national debt of Canada was about 2.53 trillion U.S. dollars in 2024. Between 1980 and 2024, the national debt rose by approximately 2.42 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around 457.05 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

Survey of Household Spending (SHS), average household spending on detailed food categories.

This Gallup poll aims to collect the opinions of Canadians on issues mostly of a political nature, of interest to the country and government. Included are questions about preferred political parties and leaders, the national budget, and voting habits and standards of living. Respondents were also asked questions so that they could be grouped according to geographic, demographic, and social variables. Topics of interest include: British Royalty; budget cutbacks; the budget deficit; the Canadian Broadcasting Corporation (CBC); car ownership; federal elections; immigration; a lottery to raise money for healthcare and welfare; major problems facing the government; the national budget; political party word association; preferred political parties; standard of living changes; union membership; opinions towards the United States; voting behaviour; and what it means to be Canadian. Basic demographics variables are also included.

Cost comparison table showing 2023 and 2024 median costs by location

At the end of each fiscal year, government-wide financial information is published in the Public Accounts. This dataset presents the total travel and living costs paid to each commission's member.

Comprehensive cost of living breakdown for Canada including housing, food, transportation, and healthcare costs for retirement planning.

The objective of this survey is to gather information on tuition fees, living accommodation costs at residences/housing and additional compulsory fees paid by full-time university students at Canadian universities. Data are collected annually by questionnaire through the Registrar or the Business Office of universities. Survey results are available at the end of August. Data for undergraduate programs are available by institution, by province, by program and by type of students (Canadian or Foreign). Data for graduate programs are available by institution, by province and by type of students (Canadian or Foreign). Additional compulsory fees are available by institution, by province and by type (athletics, health services, student association, and other). Living accommodation costs at residence/housing are available by institution, by type of students (single or married) and by type of costs (room, meal plan,or both). For current TLAC data refer to Statistics Canada. Access data here

This dataset provides an analysis of average monthly prices for four essential food items, namely Eggs, Milk, Bread, and Potatoes, in five different countries: Australia, Japan, Canada, South Africa, and Sweden. The dataset spans a five-year period, from 2018 to 2022, offering a comprehensive overview of how food prices have evolved over time in these nations.

The dataset includes information on the average monthly prices of each food item in the respective countries. This information can be valuable for studying and comparing the cost of living, assessing economic trends, and understanding variations in food price dynamics across different regions.

Use Cases:

Comparative Analysis: Researchers and analysts can compare food prices across the five countries over the five-year period to identify patterns, trends, and variations. This analysis can help understand differences in purchasing power and economic factors impacting food costs.

Cost of Living Studies: The dataset can be used to examine the cost of living in different countries, specifically focusing on the expenses related to basic food items. This information can be beneficial for individuals considering relocation or policymakers aiming to evaluate living standards.

Economic Studies: Economists and policymakers can utilize this dataset to analyze the impact of economic factors, such as inflation or currency fluctuations, on food prices in different countries. It can provide insights into the stability and volatility of food markets in each region.

Forecasting and Planning: Businesses in the food industry can leverage the dataset to forecast future food price trends and plan their operations accordingly. The historical data can serve as a foundation for predictive models and assist in optimizing pricing strategies and supply chain management.

Note: The dataset is based on average monthly prices and does not capture individual variations or specific regions within each country. Further analysis and interpretation should consider additional factors like seasonal influences, local market dynamics, and consumer preferences.

Detailed cost of living comparison between Switzerland and Canada

This Gallup poll seeks the opinions of Canadians on mostly current events and social issues. For instance, there is a section measuring the presence of appliances, questions on money and general standards of living, and issues such as alcoholism. There are also some more politically based questions, on subjects such as Unemployment Insurance and nuclear war. The respondents were also asked questions so that they could be grouped according to geographic, demographic and social variables. Topics of interest include: alcoholism; appliances owned or expecting to own soon; car ownership; civil defence during a nuclear war; foreign aid; housing satisfaction; nuclear war; peace with Russia; price expectations; risk of another world war; standards of living; unemployment levels; Unemployment Insurance; union membership; vacations recently taken or planned; voting behaviour; and writing letters to Members of Parliament. Basic demographics variables are also included.

In 2022, 9.9 percent of all Canadians were living in low income. Between 2000 and 2022, the percentage of population with low income experienced a decrease, reaching the lowest value in 2020. The highest share of Canadians with low income was recorded in 2015, with 14.5 percent of the total population.

Low Income Measures

The low income measures (LIMs) were developed by Statistics Canada in the 1990s. They, along with the low income cut-offs (LICOs) and the market basket measure (MBM), were created in order to measure and track the low income population of Canada. With low income measures, individuals are classified as being in low income if their income falls below fifty percent of the median adjusted household income. The median income is adjusted in order to reflect the differing financial needs of households based on the number of its members. The low income measures are a useful tool to compare low income populations between countries as they do not rely on an arbitrary standard of what constitutes the threshold for poverty. Statistics Canada insists that the low income measures are not meant to be representative of a poverty rate. The department has no measure which they define as a measurement of poverty in Canada. Latest data and trends In 2022, around 2.1 million people were living in low income families in Canada. This figure has been fluctuating over the years, both in absolute numbers and in proportion over the total population. More women than men were living in low income families in 2022, though the number of men in low income has risen at twice the rate as that of women. One of the more drastic changes has been the rise in the number of single individuals living in low income, increasing by more than 60 percent since 2000.

Cost comparison table showing community type costs by location