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Canada GDP Annual Growth Rate

Canada's GDP annual growth rate was 1.53% in 2024, unchanged from 2023, according to World Bank. Canada has GDP annual growth rate lower than the global median (1.53% vs median 3.24%). Compared with the median in Americas, Canada is lower (1.53% vs regional median 3.27%) and ranks 34th out of 44 countries in Americas.

Canada's real GDP rose to $1.83 trillion in 2024, up from $1.81 trillion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 1.53%
2023 1.53%
2022 4.19%
2021 5.95%
2020 -5.04%
2019 1.91%
2018 2.74%
2017 3.03%
2016 1.04%
2015 0.65%
2014 2.87%
2013 2.33%
2012 1.76%
2011 3.14%
2010 3.09%
2009 -2.92%
2008 1%
2007 2.05%
2006 2.64%
2005 3.21%
2004 3.09%
2003 1.81%
2002 3%
2001 1.88%
2000 5.14%
1999 5.14%
1998 3.89%
1997 4.28%
1996 1.69%
1995 2.68%
1994 4.49%
1993 2.66%
1992 0.89%
1991 -2.09%
1990 0.2%
1989 2.34%
1988 4.41%
1987 4.07%
1986 2.12%
1985 4.74%
1984 5.9%
1983 2.56%
1982 -3.17%
1981 3.42%
1980 2.18%
1979 3.73%
1978 3.74%
1977 3.53%
1976 5.89%
1975 1.55%
1974 3.36%
1973 6.73%
1972 5.52%
1971 4.02%
1970 2.92%
1969 5.07%
1968 5.01%
1967 3.07%
1966 6.76%
1965 6.32%
1964 6.66%
1963 5.3%
1962 7.43%
1961 3.16%
Canada GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Canada's total economic output.
Indicator Last Value Prior Value Period
GDP $2.24T $2.17T 2024
GDP Growth Rate (QoQ) -0.4% 0.5% Jun'25
GDP Growth Rate (YoY) 1.2% 2.3% Jun'25
GDP per Capita $44,401.72 $45,048.28 2024
GDP per Capita PPP $56,691.91 $57,517.44 2024
R&D Expenditure (% GDP) 1.7% 1.71% 2023
Real GDP $1.83T $1.81T 2024