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Canada Trade (% GDP)

Canada's trade (% GDP) fell to 65.18% in 2024, down from 66.63% in 2023, according to World Bank. This represents a decrease of 1.45% from the previous year. Canada has trade (% GDP) lower than the global median (65.18% vs median 84.49%). Compared with the median in Americas, Canada is lower (65.18% vs regional median 78.04%) and ranks 20th out of 32 countries in Americas.

Yearly Historical Data (1961-2024)

(in %)
Year Trade (% GDP)
2024 65.18%
2023 66.63%
2022 67.32%
2021 62.25%
2020 61.16%
2019 66.17%
2018 66.6%
2017 65.1%
2016 65.36%
2015 66.16%
2014 64.38%
2013 62.23%
2012 62.6%
2011 62.5%
2010 60.21%
2009 58.47%
2008 67.02%
2007 66.28%
2006 68.05%
2005 69.76%
2004 70.19%
2003 69.84%
2002 75.71%
2001 78.34%
2000 82.77%
1999 80.12%
1998 78.08%
1997 74.34%
1996 70.26%
1995 69.06%
1994 64.39%
1993 58.25%
1992 52.74%
1991 49.22%
1990 49.99%
1989 50.07%
1988 51.37%
1987 50.87%
1986 53.07%
1985 52.84%
1984 52.48%
1983 46.71%
1982 46.62%
1981 52.1%
1980 53.32%
1979 52.24%
1978 48.84%
1977 45.76%
1976 44.27%
1975 45.86%
1974 48.08%
1973 44.29%
1972 41.85%
1971 40.69%
1970 41.49%
1969 41.89%
1968 40.73%
1967 39.12%
1966 38.31%
1965 36.89%
1964 37%
1963 35.33%
1962 35.51%
1961 35.81%
Canada Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Canada divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $549.62B $568.51B 2024
Annual Imports $540.56B $559.67B 2024
Balance of Trade CAD -6.3B CAD -3.8B Aug'25
Exports CAD 60.6B CAD 62.5B Aug'25
Exports (% GDP) 32.46% 33.35% 2024
FDI Inflows (% GDP) 2.77% 1.94% 2024
Imports CAD 66.9B CAD 66.3B Aug'25
Imports (% GDP) 32.72% 33.28% 2024
Net Trade (Goods & Services, BoP) -$5.95B $1.36B 2024
Tariff Rate 1.83% 2.06% 2022