Economy of Canada

The economy of Canada is a highly developed mixed economy, the world's ninth-largest as of 2024, and a nominal GDP of approximately US$2.117 trillion. Canada is one of the... 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:  $2.330 trillion (nominal, 2025), $2.690 trillion (PPP, 2025)
  • GDP rank:  9th (nominal, 2025), 16th (PPP, 2024)
  • GDP growth:  3.4% (2022), 1.5% (2023f), 1.5% (2024f)
  • GDP per capita:  $55,890 (nominal, 2025), $64,570 (PPP, 2025)
  • GDP per capita rank:  19th (nominal, 2024), 30th (PPP, 2024)
  • 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:  9.9% (official, 2022, StatCan)
  • Gini coefficient:  0.281 low (2020, StatCan)
  • Human Development Index:  0.935 very high (2022) (18th), 0.860 very high IHDI (14th) (2021)
  • Labour force:  21.34 million (2022), 59.1% employment rate (September 2020)
  • Unemployment:  6.5% (September 2024), 13.5% 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
  • Ease-of-doing-business rank:  23rd (very easy, 2020)
  • Exports:  US$717.6 billion (2023)
  • 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$726.1 billion (2023)
  • 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:  649.6 billion (2017 est.)
  • Expenses:  665.7 billion (2017 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