[ Nominal GDP in billions of USD ]
Year -
$2,243.64 billions
Canada GDP expanded from 1960 to 2024, increasing from $40.56 billion to $2,243.64 billion.The compound annual growth rate (CAGR) averaged 6.47% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 17.25%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 2,243.64 Billions | $ 2,667.67 Int Billions |
| Growth (YoY) | 3.235% | 3.634% |
| Net Change vs Previous Year | $ 70.30 Billion | $ 93.54 Int Billion |
| % of World GDP | 2.02% | 1.34% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 40.56 | - | - | - | - | - |
| 1961 | 41.04 | 0.47 | 1.17 % | - | - | - |
| 1962 | 42.34 | 1.3 | 3.163 % | - | - | - |
| 1963 | 45.14 | 2.8 | 6.623 % | - | - | - |
| 1964 | 49.5 | 4.36 | 9.666 % | - | - | - |
| 1965 | 54.65 | 5.15 | 10.395 % | - | - | - |
| 1966 | 61.25 | 6.6 | 12.082 % | - | - | - |
| 1967 | 65.86 | 4.6 | 7.517 % | - | - | - |
| 1968 | 72.05 | 6.19 | 9.402 % | - | - | - |
| 1969 | 79.41 | 7.36 | 10.21 % | - | - | - |
| 1970 | 88.19 | 8.79 | 11.066 % | - | - | - |
| 1971 | 99.61 | 11.41 | 12.942 % | - | - | - |
| 1972 | 113.46 | 13.86 | 13.912 % | - | - | - |
| 1973 | 131.76 | 18.3 | 16.129 % | - | - | - |
| 1974 | 160.95 | 29.18 | 22.149 % | - | - | - |
| 1975 | 174.42 | 13.47 | 8.369 % | - | - | - |
| 1976 | 207.27 | 32.85 | 18.835 % | - | - | - |
| 1977 | 212.33 | 5.05 | 2.438 % | - | - | - |
| 1978 | 219.37 | 7.04 | 3.318 % | - | - | - |
| 1979 | 243.89 | 24.52 | 11.178 % | - | - | - |
| 1980 | 274.78 | 30.89 | 12.664 % | - | - | - |
| 1981 | 307.25 | 32.47 | 11.817 % | - | - | - |
| 1982 | 314.65 | 7.4 | 2.409 % | - | - | - |
| 1983 | 341.87 | 27.22 | 8.65 % | - | - | - |
| 1984 | 356.72 | 14.85 | 4.344 % | - | - | - |
| 1985 | 366.19 | 9.47 | 2.654 % | - | - | - |
| 1986 | 379.01 | 12.82 | 3.501 % | - | - | - |
| 1987 | 433.13 | 54.13 | 14.281 % | - | - | - |
| 1988 | 509.38 | 76.25 | 17.603 % | - | - | - |
| 1989 | 567.21 | 57.83 | 11.353 % | - | - | - |
| 1990 | 596.08 | 28.86 | 5.089 % | 560.08 | - | - |
| 1991 | 612.53 | 16.45 | 2.76 % | 566.91 | 6.83 | 1.22 % |
| 1992 | 594.39 | -18.14 | -2.962 % | 585 | 18.08 | 3.19 % |
| 1993 | 579.05 | -15.33 | -2.58 % | 614.78 | 29.78 | 5.091 % |
| 1994 | 579.94 | 0.89 | 0.154 % | 656.12 | 41.35 | 6.725 % |
| 1995 | 605.96 | 26.02 | 4.486 % | 687.85 | 31.73 | 4.835 % |
| 1996 | 630.61 | 24.65 | 4.067 % | 712.27 | 24.42 | 3.551 % |
| 1997 | 654.99 | 24.38 | 3.866 % | 755.54 | 43.27 | 6.075 % |
| 1998 | 634 | -20.99 | -3.204 % | 793.79 | 38.25 | 5.063 % |
| 1999 | 678.41 | 44.41 | 7.005 % | 846.41 | 52.62 | 6.629 % |
| 2000 | 744.77 | 66.36 | 9.782 % | 900.56 | 54.15 | 6.397 % |
| 2001 | 738.98 | -5.79 | -0.778 % | 938.1 | 37.54 | 4.169 % |
| 2002 | 760.65 | 21.67 | 2.932 % | 971 | 32.9 | 3.507 % |
| 2003 | 895.54 | 134.89 | 17.734 % | 1023.63 | 52.63 | 5.42 % |
| 2004 | 1026.69 | 131.15 | 14.645 % | 1083.66 | 60.03 | 5.865 % |
| 2005 | 1173.11 | 146.42 | 14.261 % | 1171.33 | 87.67 | 8.09 % |
| 2006 | 1319.26 | 146.16 | 12.459 % | 1241.7 | 70.37 | 6.008 % |
| 2007 | 1468.82 | 149.56 | 11.336 % | 1301.51 | 59.81 | 4.817 % |
| 2008 | 1552.99 | 84.17 | 5.73 % | 1342.4 | 40.89 | 3.141 % |
| 2009 | 1374.63 | -178.36 | -11.485 % | 1306.97 | -35.42 | -2.639 % |
| 2010 | 1617.34 | 242.72 | 17.657 % | 1363.74 | 56.77 | 4.344 % |
| 2011 | 1793.33 | 175.98 | 10.881 % | 1430.81 | 67.06 | 4.918 % |
| 2012 | 1828.37 | 35.04 | 1.954 % | 1468.1 | 37.29 | 2.606 % |
| 2013 | 1846.6 | 18.23 | 0.997 % | 1554.13 | 86.03 | 5.86 % |
| 2014 | 1805.75 | -40.85 | -2.212 % | 1621.4 | 67.27 | 4.329 % |
| 2015 | 1556.51 | -249.24 | -13.803 % | 1594.85 | -26.54 | -1.637 % |
| 2016 | 1527.99 | -28.51 | -1.832 % | 1678.09 | 83.24 | 5.219 % |
| 2017 | 1649.27 | 121.27 | 7.937 % | 1765.76 | 87.67 | 5.224 % |
| 2018 | 1725.33 | 76.06 | 4.612 % | 1852.99 | 87.22 | 4.94 % |
| 2019 | 1743.73 | 18.4 | 1.066 % | 1899.7 | 46.71 | 2.521 % |
| 2020 | 1655.68 | -88.04 | -5.049 % | 1847.84 | -51.86 | -2.73 % |
| 2021 | 2022.38 | 366.69 | 22.148 % | 2179.49 | 331.65 | 17.948 % |
| 2022 | 2190.41 | 168.03 | 8.309 % | 2489.72 | 310.24 | 14.234 % |
| 2023 | 2173.34 | -17.07 | -0.779 % | 2574.13 | 84.41 | 3.39 % |
| 2024 | 2243.64 | 70.3 | 3.235 % | 2667.67 | 93.54 | 3.634 % |
Between 1960 to 2024, Canada experienced the following economic phases:
The most remarkable growth occurred in 1974 with an increase of 22.149%, while the largest decline was in 2015 at -13.803%.