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.

Canada CA: Output Gap of Total Economy data was reported at -0.130 % in 2026. This records an increase from the previous number of -0.730 % for 2025. Canada CA: Output Gap of Total Economy data is updated yearly, averaging -0.057 % from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 4.006 % in 2000 and a record low of -4.820 % in 2020. Canada CA: Output Gap of Total Economy 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.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GAP - Output gap, as a percentage of potential GDP OECD calculation, see OECD Economic Outlook database documentation

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.

Canada CA: Potential Output of Total Economy: Volume data was reported at 2,480.871 CAD bn in 2026. This records an increase from the previous number of 2,446.565 CAD bn for 2025. Canada CA: Potential Output of Total Economy: Volume data is updated yearly, averaging 1,717.527 CAD bn from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 2,480.871 CAD bn in 2026 and a record low of 1,011.824 CAD bn in 1985. Canada CA: Potential Output of Total Economy: Volume 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.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPVTR-Potential output of total economy, volume OECD calculation, see OECD Economic Outlook database documentation

While the value of agriculture to the Canadian economy is well established, its extensive indirect and induced value through upstream and downstream industries is not. Input-Output (I/O) analyzes are a common tool that measure the direct, indirect and induced impacts of an industry to the entire economy. We reviewed I/O analyzes that used economic multipliers to estimate the total contribution of agricultural industries to Canada's economy. Reports underwent data extraction for output, Gross Domestic Product (GDP), jobs, labor income and taxes generated. We found that when indirect and induced economic impacts are considered, the value of agricultural industries is much greater than traditional valuations indicate. Beef and canola were the two largest industries in terms of GDP and jobs, with direct impacts constituting less than half of their total impacts. Recent and thorough I/O analyzes are available for only a limited number of agricultural industries. There is a need for I/O analyzes covering key agricultural industries at the regional and national level using uniform methodology and recent data and multipliers. This information is essential to gain a systemic understanding of the true economic value of agriculture and to inform policies and investment that maximizes the potential of agricultural industries.

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.

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 CA: Potential Output of Total Economy data was reported at 3,248.280 CAD bn in 2026. This records an increase from the previous number of 3,145.648 CAD bn for 2025. Canada CA: Potential Output of Total Economy data is updated yearly, averaging 1,416.071 CAD bn from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 3,248.280 CAD bn in 2026 and a record low of 496.452 CAD bn in 1985. Canada CA: Potential Output of Total Economy 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.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPTR - Potential output, nominal value OECD calculation, see OECD Economic Outlook database documentation

Graph and download economic data for Real Gross Domestic Product for Canada (NGDPRSAXDCCAQ) from Q1 1961 to Q1 2025 about Canada, real, and GDP.

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 CA: Potential over Actual GDP: Ratio data was reported at 1.001 Ratio in 2026. This records a decrease from the previous number of 1.007 Ratio for 2025. Canada CA: Potential over Actual GDP: Ratio data is updated yearly, averaging 1.001 Ratio from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 1.051 Ratio in 2020 and a record low of 0.961 Ratio in 2000. Canada CA: Potential over Actual GDP: Ratio 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.EO: GDP: Potential Output and Output Gap: Forecast: OECD Member: Annual. IFU3 - Ratio of potential to actual real GDP of the total economy OECD calculation, see OECD Economic Outlook database documentation

This table contains data for gross domestic product (GDP), in current dollars, for all census metropolitan area and non-census metropolitan areas.

Graph and download economic data for Production: Manufacturing: Total Manufacturing for Canada (PRMNTO01CAQ189S) from Q1 1961 to Q3 2023 about Canada, IP, and manufacturing.

In 2023, the real GDP of Canada was around 1.89 trillion Canadian dollars at 2017 constant prices. Compared to the previous year, Canada's GDP increased. Constant prices adjust for the effect of inflation on the underlying goods and services used to calculate GDP, thereby enabling the GDP figure to reflect actual changes in output.

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

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for Canada (PRINTO01CAA657S) from 1962 to 2024 about Canada, IP, and construction.

Interprovincial Trade Flows (15F0002XDB) The interprovincial and international trade flows for goods and services by province and territory are available at the S-level of commodity aggregation in EXCEL files. National Input - Output Tables (15F0041XDB) The Input-Output accounting system consists of three tables. The input tables (USE tables) detail the commodities that are consumed by various industries. Output tables (MAKE tables) detail the commodities that are prod uced by various industries. Final demand tables detail the commodities bought by many categories of buyers (consumers, industries and government) for both consumption and investment purposes. These tables allow users to track intersectional exchanges of goods and services between industries and final demand categories such as personal expenditures, capital expenditures and public sector expenditures. There are four levels of detail: the "W" or Worksheet level with 303 industries, 727 commodities and 170 final demand categories, the "L" or Link level (the most detailed level that allows the construction of consistent time series of annual data from 1961 to 2002) with 117 industries, 469 commodities and 123 final demand categories, the "M" or Medium level with 62 industries, 111 commodities and 39 final demand categories, and the "S" or Small level with 25 industries, 59 commodities a nd 16 final demand categories. In 2009, several changes were made to the accounting system: there is a new level "D" that is the Detailed level, there are no "M" or "W" level tables, and there are two "L" level tables representing 1961 and 1997 aggregations. Provincial Input-Output Tables (15F0042XDB) The provincial input-output tables are constructed every year. The tables are available at the "S" level only. National and Provincial Multipliers (15F0046XDB) These are a series of Input-Output multipliers and ratios that allow users to quickly estimate the direct, indirect and total impacts of increases in industrial output or increases in an industry's labour force. These are the GDP, labour income, employment and gross output multipliers and ratios. Capital income multipliers and ratios can be calculated by subtracting the labour income figures from the GDP figures. National Symmetric Input-Output Tables - Aggregation Level S (15-207-XC B) The Industry Accounts Division of Statistics Canada publishes annual supply and use input-output (I-O) tables. While these rectangular, industry by commodity closely reflect actual economic transactions, certain analytical and modeling purposes, however, require symmetric industry-by-industry I-O tables. The symmetric industry by industry table shows the inter-industry transactions, that is, all purchases of an industry from all other industries including expenditures on imports and i nventory withdrawals as well as all expenditures on primary inputs. Similarly, the symmetric final demand table shows all purchases by a final demand category from all other industries, including expenditures on imports and inventory withdrawals as well as all expenditures on indirect taxes. National Symmetric Input-Output Tables - Aggregation Level L (15-208-XCB). The Industry Accounts Division of Statistics Canada publishes annual symmetric industry-by-industry I-O tables at the L level. The symmetric industry by industry table shows the inter-industry transactions, that is, all purchases of an industry from all other industries including expenditures on imports and inventory withdrawals as well as all expenditures on primary inputs. Similarly, the symmetric final demand table shows all purchases by a final demand category from all other industries, including expenditures on imports and inventory withdrawals as well as all expenditures on indirect taxes. Provincial GDP by Industry and Sector, at Basic Prices (15-209-XCB). This product presents estimates of Gross Domestic Product (GDP) by industry, in current dollars, evaluated at basic price for all provinces and territories. These estimates are derived from the provincial Input-Output tables. GDP measures the unduplicated value of production. The GDP by industry estimates are derived using a "value added" approach, that is, the value that a producer adds to their intermediate inputs before generating their own output. This allows not only for the computation of total economic production but also the industrial composition and origin of the economic production. When evaluated at basic prices, an industry's GDP is the sum of its factor incomes (wages and salaries, supplementary labour income, mixed income and other operating surplus) plus taxes less subsidies on production (labour and capital). Provincial Gross Output by Industry and Sector (15-210-XCB). This product presents estimates of gross output by industry, in current ... Visit https://dataone.org/datasets/sha256%3Aff075450d6bee788e00c90804ffac94b1867f078b36977b70229403a1225fd3a for complete metadata about this dataset.

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for Canada (PRINTO01CAQ659S) from Q1 1962 to Q1 2025 about Canada, IP, and construction.

Quarterly estimates of productivity in the total economy and in the industries are derived from a Fisher chained index of gross domestic product (GDP). The approach to measure the GDP in the total economy differs from the one that used in the estimates by industry. For the total economy, GDP is measured using the expenditure approach at market prices published by the Quarterly Income and Expenditure Accounts. For the estimates by industry, GDP is measured using the value added approach at basic prices published by the Industry Accounts Division. This was the Fisher chained index in the case of years for which final input-output tables are available. For the most current years or annual post-benchmarks, the real GDP is based on a fixed-weight Laspeyres chained index formula. GDP estimates in the productivity measures for the businesses producing services and for real estate, and rental and leasing exclude the rental value of owner occupied dwellings. The estimate of the total number of jobs covers four main categories: employee jobs, work owner of an unincorporated business, own account self-employment, and unpaid family jobs. The last category is found mainly in sectors where family firms are important (agriculture and retail trade, in particular). Jobs data are consistent with the System of National Accounts. This is the quarterly average of hours worked for jobs in all categories. The number of hours worked in all jobs is the quarterly average for all jobs times the annual average hours worked in all jobs. Hours worked data are consistent with the System of National Accounts. According to the retained definition, hours worked means the total number of hours that a person spends working, whether paid or not. In general, this includes regular and overtime hours, breaks, travel time, training in the workplace and time lost in brief work stoppages where workers remain at their posts. On the other hand, time lost due to strikes, lockouts, annual vacation, public holidays, sick leave, maternity leave or leave for personal needs are not included in total hours worked. Labour productivity is the ratio between real GDP and hours worked. For the estimates of productivity in the total economy, a Fisher chain index of GDP at market prices is used as measure of the output. On the other hand, in the quarterly productivity estimates for the industries, a Fisher chain index of GDP at basic prices for each industry is used as measure of the output up to the last year benchmark for which final input-output tables are available, after that by a fixed-weight volume Laspeyres chained index formula for the most recent years. The ratio between total compensation for all jobs, and the number of hours worked. The term hourly compensation" is often used to refer to the total compensation per hour worked." This measures the cost of labour input required to produce one unit of output, and equals labour compensation in current dollars divided by the real output. It is often calculated as the ratio of labour compensation per hour worked and labour productivity. Unit labour cost increases when labour compensation per hour worked increases more rapidly than labour productivity. It is widely used to measure inflation pressures arising from wage growth. The measure of real value added used in the labour unit cost estimation is based on a Fisher chain index excluding the rental value of owner occupied dwellings. The North American Industry Classification System (NAICS) is an industry classification system developed by the statistical agencies of Canada, Mexico and the United States. Created against the background of the North American Free Trade Agreement, it is designed to provide common definitions of the industrial structure of the three countries and a common statistical framework to facilitate the analysis of the three economies. NAICS is based on supply side or production oriented principles, to ensure that industrial data, classified to NAICS, is suitable for the analysis of production related issues such as industrial performance. Since 1997, the System of National Accounts' (SNA) input-output industry classification system is based on NAICS. In the National Accounts industries, the levels of the different classification systems were chosen so as to provide the most detail possible in order to maximise continuity with the previous classification systems used in Statistics Canada since 1961. Therefore, the greatest level of detail that is available over time occurs at the L level of aggregation, which corresponds, to 105 industries. This L level can also be aggregated to the M level (medium - 56 industries) and to the S level (small - 21 industries). This combines the business establishments of the North American Industry Classification System (NAICS) codes 11, 21, 22, 23, 31-33. This combines the business establishments of the North American Industry Classification System (NAICS) codes 41, 44-45, 48-49, 51, 52, 53, 54, 55, 56, 61, 62, 71, 72, 81. The Gross Domestic Product (GDP) used to measure productivity excludes rent value for owner occupied dwellings from the business service producing industries. This combines the business establishments of the North American Industry Classification System (NAICS) code 53. The gross domestic product (GDP) used to measure productivity excludes rent value for owner occupied dwellings from this industry code. This combines the business establishments of the North American Industry Classification System (NAICS) codes 61, 62, 81. This combines the part of non-business establishments of the North American Industry Classification System (NAICS) codes 11-91, but also including the owner occupied dwellings industry and the private households. Total economic activities that have been realized within the country. That covers both business and non-business sectors. Unit labour cost in United States dollars is the equivalent of the ratio of Canadian unit labour cost to the exchange rate. This latter corresponds to the United States dollar value expressed in Canadian dollars. This combines the business establishments of the North American Industry Classification System (NAICS) codes 52 and 55.

Canada CA: GDP: USD: Gross National Income: Atlas Method data was reported at 2,167.054 USD bn in 2023. This records an increase from the previous number of 2,075.404 USD bn for 2022. Canada CA: GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 606.697 USD bn from Dec 1962 (Median) to 2023, with 62 observations. The data reached an all-time high of 2,167.054 USD bn in 2023 and a record low of 44.354 USD bn in 1962. Canada CA: GDP: USD: Gross National Income: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;