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Canada’s economy is one of the largest in the world. As one of the top 20 countries with the largest GDP worldwide, Canada plays a significant role in the global economy. In 2023, their GDP amounted to more than two trillion U.S. dollars. It is a highly industrialized country with one of the highest per capita income rates in the world. Ontario is the manufacturing and agricultural center of Canada, while Toronto is the financial center. Canada is extremely plentiful with natural resources such as minerals, petroleum, natural gas, and forests. Canada is one of the leading exports of uranium, nickel, and zinc. As a result of having an open economy, Canada’s economy has exponentially grown.
The GDP per capita in 2022 was 55,522 U.S. dollars. The GDP growth of Canada has been fluctuating since 2000, and reached 3.82 percent in 2022. The country's major export partners include the United States, European Union, China, and Japan. Additionally, Canada is a part of the North American Free Trade Agreement, which was created to eliminate tax barriers to agricultural and manufacturing services in order to get rid of investment restrictions.
Tourism added about 35.25 billion Canadian dollars to the country’s economy in 2023, which - with the exception of 2020 - has been steadily increasing since 2000. Major tourist attractions that contribute to the Canadian GDP include Niagara Falls, Banff National Park, and Athabasca Falls. The Canadian transportation tourism industry added about seven billion Canadian dollars to the Canadian GDP in 2023. Canadian tourism expenditures have increased significantly since 2000, as a result of the growing tourism industry. However, the foreign tourism expenditures have only slightly increased over the past couple years. Both their domestic and foreign tourism industry is large, because of their diverse landscape which ranges from mountains to beaches.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, May 31, 2024
Key insights
- GDP of Canada
- 2.16tr USD
Detailed statistics
GDP of Canada 1960-2022
- Projected GDP of Canada in 2029
- 2.81t USD
Detailed statistics
Gross domestic product (GDP) in Canada 2029
- Per Capita GDP
- 55,522.4 USD
Detailed statistics
Per Capita GDP of Canada 1960-2022
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Overview
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- Basic Statistic Gross domestic product (GDP) in Canada 2029
- Basic Statistic Gross domestic product (GDP) per capita in Canada 2029
- Basic Statistic Gross domestic product (GDP) growth rate in Canada 2029
- Basic Statistic GDP growth in Canada 2003-2022
- Basic Statistic GDP of Canada 1960-2022
- Basic Statistic Per Capita GDP of Canada 1960-2022
- Basic Statistic Real GDP of Canada 2000-2023
- Basic Statistic Countries with the largest gross domestic product (GDP) 2024
- Basic Statistic Countries with the largest gross domestic product (GDP) per capita 2023
Overview
- Basic Statistic Gross domestic product (GDP) in Canada 2029
Gross domestic product (GDP) in Canada 2029
Canada: Gross domestic product (GDP) in current prices from 1987 to 2029 (in billion U.S. dollars)
- Basic Statistic Gross domestic product (GDP) per capita in Canada 2029
Gross domestic product (GDP) per capita in Canada 2029
Canada: Gross domestic product (GDP) per capita in current prices from 1987 to 2029 (in U.S. dollars)
- Basic Statistic Gross domestic product (GDP) growth rate in Canada 2029
Gross domestic product (GDP) growth rate in Canada 2029
Canada: Real gross domestic product (GDP) growth rate from 2019 to 2029 (compared to the previous year)
- Basic Statistic GDP growth in Canada 2003-2022
GDP growth in Canada 2003-2022
Annual growth of gross domestic product (GDP) of Canada from 2003 to 2022
- Basic Statistic GDP of Canada 1960-2022
GDP of Canada 1960-2022
Gross domestic product (GDP) of Canada from 1960 to 2022 (in billion U.S. dollars)
- Basic Statistic Per Capita GDP of Canada 1960-2022
Per Capita GDP of Canada 1960-2022
Gross domestic product (GDP) of Canada per capita from 1960 to 2022 (in U.S. dollars)
- Basic Statistic Real GDP of Canada 2000-2023
Real GDP of Canada 2000-2023
Real gross domestic product (GDP) of Canada from 2000 to 2023 (in billion Canadian dollars)
- Basic Statistic Countries with the largest gross domestic product (GDP) 2024
Countries with the largest gross domestic product (GDP) 2024
The 20 countries with the largest gross domestic product (GDP) in 2024 (in billion U.S. dollars)
- Basic Statistic Countries with the largest gross domestic product (GDP) per capita 2023
Countries with the largest gross domestic product (GDP) per capita 2023
The 20 countries with the largest gross domestic product (GDP) per capita in 2023 (in U.S. dollars)
GDP by sector and industry
4
- Basic Statistic Canada: unit labor cost 2023, by industry
- Basic Statistic Canada: real value added in GDP 2023, by industry
- Basic Statistic Canada: Gross Domestic Product (GDP) 2024, by industry
- Basic Statistic Annual change in Gross Domestic Product (GDP) in Canada 2024, by industry
GDP by sector and industry
- Basic Statistic Canada: unit labor cost 2023, by industry
Canada: unit labor cost 2023, by industry
Unit labor costs in Canada in 2023, by industry (in Canadian dollars per unit of real GDP)
- Basic Statistic Canada: real value added in GDP 2023, by industry
Canada: real value added in GDP 2023, by industry
Real value added to the Gross Domestic Product (GDP) of Canada in 2023, by industry (in billion chained 2017 Canadian dollars)
- Basic Statistic Canada: Gross Domestic Product (GDP) 2024, by industry
Canada: Gross Domestic Product (GDP) 2024, by industry
Gross Domestic Product (GDP) of Canada in February 2024, by industry (in million chained 2017 Canadian dollars)
- Basic Statistic Annual change in Gross Domestic Product (GDP) in Canada 2024, by industry
Annual change in Gross Domestic Product (GDP) in Canada 2024, by industry
Percentage annual change in Gross Domestic Product (GDP) of Canada in February 2024, by industry
GDP by province or territory
13
- Basic Statistic GDP of Newfoundland and Labrador in Canada 2000-2023
- Basic Statistic GDP of Prince Edward Island, Canada 2001-2023
- Basic Statistic GDP of Nova Scotia, Canada 2000-2023
- Basic Statistic GDP of New Brunswick, Canada 2000-2023
- Basic Statistic GDP of Quebec, Canada 2000-2023
- Basic Statistic GDP of Ontario in Canada 2000-2023
- Basic Statistic GDP of Manitoba, Canada 2000-2023
- Basic Statistic GDP of Saskatchewan, Canada 2000-2023
- Basic Statistic GDP of Alberta in Canada 2000-2023
- Basic Statistic GDP of British Columbia, Canada 2000-2023
- Basic Statistic GDP of Yukon, Canada 2000-2023
- Basic Statistic GDP of Northwest Territories, Canada 2000-2023
- Basic Statistic GDP of Nunavut, Canada 2000-2023
GDP by province or territory
- Basic Statistic GDP of Newfoundland and Labrador in Canada 2000-2023
GDP of Newfoundland and Labrador in Canada 2000-2023
Gross domestic product of Newfoundland and Labrador, Canada from 2000 to 2023 (in million chained 2017 Canadian dollars)
- Basic Statistic GDP of Prince Edward Island, Canada 2001-2023
GDP of Prince Edward Island, Canada 2001-2023
Gross domestic product of Prince Edward Island, Canada from 2001 to 2023
- Basic Statistic GDP of Nova Scotia, Canada 2000-2023
GDP of Nova Scotia, Canada 2000-2023
Gross domestic product of Nova Scotia, Canada from 2000 to 2023 (in million chained 2017 Canadian dollars)
- Basic Statistic GDP of New Brunswick, Canada 2000-2023
GDP of New Brunswick, Canada 2000-2023
Gross domestic product of New Brunswick, Canada from 2000 to 2023 (in million chained 2017 Canadian dollars)
- Basic Statistic GDP of Quebec, Canada 2000-2023
GDP of Quebec, Canada 2000-2023
Gross domestic product of Quebec, Canada from 2000 to 2023 (in chained million 2017 Canadian dollars)
- Basic Statistic GDP of Ontario in Canada 2000-2023
GDP of Ontario in Canada 2000-2023
Gross domestic product of Ontario, Canada from 2000 to 2023 (in million chained 2017 Canadian dollars)
- Basic Statistic GDP of Manitoba, Canada 2000-2023
GDP of Manitoba, Canada 2000-2023
Gross domestic product of Manitoba, Canada from 2000 to 2023 (in million chained 2017 Canadian dollars)
- Basic Statistic GDP of Saskatchewan, Canada 2000-2023
GDP of Saskatchewan, Canada 2000-2023
Gross domestic product of Saskatchewan, Canada from 2000 to 2023 (in million chained 2017 Canadian dollars)
- Basic Statistic GDP of Alberta in Canada 2000-2023
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Gross domestic product of Alberta, Canada from 2000 to 2023
- Basic Statistic GDP of British Columbia, Canada 2000-2023
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Gross domestic product of British Columbia, Canada from 2000 to 2023 (in million chained 2017 Canadian dollars)
- Basic Statistic GDP of Yukon, Canada 2000-2023
GDP of Yukon, Canada 2000-2023
Gross domestic product of Yukon, Canada from 2000 to 2023 (in million chained 2017 Canadian dollars)
- Basic Statistic GDP of Northwest Territories, Canada 2000-2023
GDP of Northwest Territories, Canada 2000-2023
Gross domestic product of Northwest Territories, Canada from 2000 to 2023 (in million chained 2017 Canadian dollars)
- Basic Statistic GDP of Nunavut, Canada 2000-2023
GDP of Nunavut, Canada 2000-2023
Gross domestic product of Nunavut, Canada from 2000 to 2023 (in million chained 2017 Canadian dollars)
GDP by metropolitan area
10
- Premium Statistic GDP of Toronto, Ontario 2009-2020
- Premium Statistic GDP of Montréal, Québec 2010-2020
- Premium Statistic GDP of Vancouver, British Columbia 2010-2020
- Premium Statistic GDP of Calgary, Alberta 2010-2020
- Premium Statistic GDP of Edmonton, Alberta 2010-2020
- Premium Statistic GDP of Ottawa-Gatineau, Ontario 2010-2020
- Premium Statistic GDP of Winnipeg, Manitoba 2010-2020
- Premium Statistic GDP of Québec City, Québec 2010-2020
- Premium Statistic GDP of Hamilton, Ontario 2010-2020
- Premium Statistic GDP of Kitchener, Ontario 2010-2020
GDP by metropolitan area
- Premium Statistic GDP of Toronto, Ontario 2009-2020
GDP of Toronto, Ontario 2009-2020
Gross domestic product of Toronto, Ontario at constant prices from 2009 to 2020 (in billion Canadian dollars)
- Premium Statistic GDP of Montréal, Québec 2010-2020
GDP of Montréal, Québec 2010-2020
Gross domestic product of Montréal, Québec, at constant prices from 2010 to 2020 (in billion Canadian dollars)
- Premium Statistic GDP of Vancouver, British Columbia 2010-2020
GDP of Vancouver, British Columbia 2010-2020
Gross domestic product of Vancouver, British Columbia, at constant prices from 2010 to 2020 (in billion Canadian dollars)
- Premium Statistic GDP of Calgary, Alberta 2010-2020
GDP of Calgary, Alberta 2010-2020
Gross domestic product of Calgary, Alberta, at constant prices from 2010 to 2020 (in billion Canadian dollars)
- Premium Statistic GDP of Edmonton, Alberta 2010-2020
GDP of Edmonton, Alberta 2010-2020
Gross domestic product of Edmonton, Alberta, at constant prices from 2010 to 2020 (in billion Canadian dollars)
- Premium Statistic GDP of Ottawa-Gatineau, Ontario 2010-2020
GDP of Ottawa-Gatineau, Ontario 2010-2020
Gross domestic product of Ottawa-Gatineau, Ontario, at constant prices from 2010 to 2020 (in billion Canadian dollars)
- Premium Statistic GDP of Winnipeg, Manitoba 2010-2020
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Gross domestic product of Winnipeg, Manitoba, at constant prices from 2010 to 2020 (in billion Canadian dollars)
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GDP of Québec City, Québec 2010-2020
Gross domestic product of Québec City, Québec, at constant prices from 2010 to 2020 (in billion Canadian dollars)
- Premium Statistic GDP of Hamilton, Ontario 2010-2020
GDP of Hamilton, Ontario 2010-2020
Gross domestic product of Hamilton, Ontario, at constant prices from 2010 to 2020 (in billion Canadian dollars)
- Premium Statistic GDP of Kitchener, Ontario 2010-2020
GDP of Kitchener, Ontario 2010-2020
Gross domestic product of Kitchener, Ontario, at constant prices from 2010 to 2020 (in billion Canadian dollars)
