Canada GDP Annual Growth Rate: 1.3% (2024)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in Canada is estimated to be $1.807 Trillion US dollars at the end of 2024.

The economy of Canada has grown at an average annual growth rate of 2.9% in the last four years and is ranked the 4th largest economy in Americas, ahead of Argentina.

World Economics Rates Canada's Offical GDP Data as Grade A

GDP Annual Growth Rate: Canada


Source: World Bank, World Economics
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Economic Indicators: Canada 2021 2022 2023 2024
GDP Annual Growth Rate (%) 5.3 3.8 1.2 1.3
GDP per Capita Annual Growth Rate (%) 4.7 2.0 -1.7 0.2
Real GDP (US$ Billions, 2010) 1,696 1,761 1,783 1,807
Real GDP per Capita (US$, 2010) 44,360 45,227 44,469 44,539
Current GDP (Billions, US$) 2,007 2,161 2,142 2,171
Current GDP per Capita (US$) 52,497 55,509 53,431 53,516
Real GDP PPP (Billions, 2017) 2,127 2,202 2,226 2,256
Real GDP per Capita PPP (int$ 2017) 48,117 49,288 49,594 49,956
Data Quality Rating for Canada See how much you can trust Canada's GDP Data




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