Economy of Canada

Canada has a highly developed mixed economy. As of 2025, it is the ninth-largest in the world, with a nominal GDP of approximately US$2.39 trillion. Its GDP per capita... Wikipedia

  • Currency:  Canadian dollar (CAD, C$)
  • Fiscal year:  April 1 – March 31
  • Trade organizations:  OECD, WTO, G-20, G7, USMCA, CPTPP, APEC and others
  • Population:  41,528,680 (Q1, 2025)
  • GDP:  $2.284 trillion (nominal, 2025), $2.723 trillion (PPP, 2025)
  • GDP rank:  10th (nominal, 2025), 16th (PPP, 2025)
  • GDP growth:  1.5% (2023), 1.5% (2024), 1.4% (2025), 1.6% (2026f)
  • GDP per capita:  $54,935 (nominal, 2025), $65,500 (PPP, 2025)
  • GDP per capita rank:  23rd (nominal, 2025), 30th (PPP, 2025)
  • GDP by sector:  agriculture: 1.6%, industry: 28.2%, services: 70.2%, (2017 est.)
  • Inflation (CPI):  1.6% (12 month change – September 2024)
  • Population below poverty line:  3.2% (official, 2022, StatCan)
  • Gini coefficient:  0.281 low (2020, StatCan)
  • Human Development Index:  0.939 very high (2023) (16th), 0.867 very high IHDI (14th) (2023)
  • Labour force:  21.34 million (2022), 59.1% employment rate (September 2020)
  • Unemployment:  2.1% (August 2025), 5.5% youth unemployment (September 2024, 15 to 24 year-olds), 1.2 million unemployed (December 2021)
  • Average gross salary:  C$6,809 / US$4,975 monthly (2022)
  • Average net salary:  C$5,065 / US$3,700 monthly (2022)
  • Main industries:  Transportation equipment, chemicals, minerals, food products, wood and paper, fish products, petroleum, natural gas
  • Exports:  US$727.8 billion (2024)
  • Export goods:  motor vehicles and parts, industrial machinery, aircraft, telecommunications equipment, chemicals, plastics, fertilizers, wood pulp, timber, crude petroleum, natural gas, electricity, aluminum
  • Main export partners:  (+) 76.9%, 4.6%, 3.7%, (+) 2.4%, (+) 2.3%, Other 10.1%
  • Imports:  US$733.7 billion (2024)
  • Import goods:  machinery and equipment, motor vehicles and parts, crude oil, chemicals, electricity, durable consumer goods
  • Main import partners:  49.2%, (+) 13.5%, 10.8%, 5.5%, 2.3%, Other 18.7%
  • FDI stock:  Inward: $1.460 trillion (2022), Outward: $2.096 trillion (2022)
  • Current account:  $1.4 billion (Q3 2021)
  • Revenues:  485.9 billion (2024 est.)
  • Expenses:  534.5 billion (2024 est.)
  • Economic aid:  donor: ODA, US$7.8 billion (2022)
  • Credit rating:  Standard & Poor's: AAA, Outlook: Stable, Moody's:Canada's Aaa rating and stable outlook was affirmed by Moody's on May 2, 2024. Aaa, Outlook: Stable, Fitch: AA+, Outlook: Stable
  • Foreign reserves:  US$122.9 billion (July 2024)
  • Data source:  DuckDuckGo