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Canada GDP

Canada's GDP rose to $2.24 trillion in 2024, up from $2.17 trillion in 2023, according to World Bank. This represents an increase of 3.1% ($67.91 billion) from the previous year and accounts for 2.01% of the world's total GDP. Canada has the 9th highest GDP. Within Americas, it ranks 2nd out of 44 countries.

Canada's GDP per capita fell to $44,401.72 in 2024, down from $45,048.28 in 2023.

Yearly Historical Data (1960-2024)

(in Trillion USD)
Year GDP (Trillion USD)
2024 2.24
2023 2.17
2022 2.19
2021 2.02
2020 1.66
2019 1.74
2018 1.73
2017 1.65
2016 1.53
2015 1.56
2014 1.81
2013 1.85
2012 1.83
2011 1.79
2010 1.62
2009 1.37
2008 1.55
2007 1.47
2006 1.32
2005 1.17
2004 1.03
2003 0.9
2002 0.76
2001 0.74
2000 0.74
1999 0.68
1998 0.63
1997 0.65
1996 0.63
1995 0.61
1994 0.58
1993 0.58
1992 0.59
1991 0.61
1990 0.6
1989 0.57
1988 0.51
1987 0.43
1986 0.38
1985 0.37
1984 0.36
1983 0.34
1982 0.31
1981 0.31
1980 0.27
1979 0.24
1978 0.22
1977 0.21
1976 0.21
1975 0.17
1974 0.16
1973 0.13
1972 0.11
1971 0.1
1970 0.09
1969 0.08
1968 0.07
1967 0.07
1966 0.06
1965 0.05
1964 0.05
1963 0.05
1962 0.04
1961 0.04
1960 0.04
Canada GDP : Definition
GDP measures the total value of all goods and services produced in Canada, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 1.53% 1.53% 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