Canada Economy — GDP, Growth & Key Data
IMF World Economic Outlook and World Bank readings. Each figure below retains its own reference year, source and unit.
- Nominal GDP
- $2.51T
- Reference year 2026
- current US dollars
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
2507340000000 current US dollars
- Real GDP growth
- 1.5%
- Reference year 2026
- annual percent change in real GDP
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
1.5 annual percent change in real GDP
- Inflation (annual-average CPI)
- 2.5%
- Reference year 2026
- annual percent change in average consumer prices
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
2.5 annual percent change in average consumer prices
- Unemployment
- 6.5%
- Reference year 2026
- percent of labor force
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
6.5 percent of labor force
- GDP per person
- $60,305
- Reference year 2026
- current US dollars per person
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
60304.564 current US dollars per person
- Population
- 41.7M
- Reference year 2025
- people
- World Bank (World Development Indicators)
- Series and history →
Unrounded value
41651653 people
- General government gross debt
- 110.7%
- Reference year 2026
- percent of GDP
- International Monetary Fund (World Economic Outlook)
- Series and history →
Unrounded value
110.7 percent of GDP
- Life expectancy at birth
- 82.1 years
- Reference year 2024
- years
- World Bank (World Development Indicators)
- Series and history →
Unrounded value
82.1080487804878 years
Nominal GDP: Rank 11 among 188 covered IMF economies for reference year 2026. This is a ranking of covered positive readings with the same reference-year label.
Each figure retains its own reference year, unit and source. Missing values are not zero. IMF readings can include estimates or projections; their stored release vintage, observation status and country-specific fiscal-year mapping are unavailable. A shared year label does not establish identical calendar periods.
Population follows the World Bank’s midyear-estimate definition. Nominal GDP is converted from stored billions of US dollars to US dollars. GDP per person is output per person, not a typical income; general-government gross debt is broader than central-government debt.
Canada Economic Overview
Canada is a G7 economy with a GDP of $2.51T (reference year 2026), built on vast natural resources (oil sands, minerals, timber, natural gas), a sophisticated financial sector centered in Toronto, and deep economic integration with the United States through USMCA. The US-Canada trading relationship is one of the largest bilateral trade flows in the world, with roughly 75% of Canadian exports going south.
Canada has used immigration as a growth strategy more aggressively than any other G7 nation, targeting 500,000+ new permanent residents annually to offset demographic aging. This has driven population growth and housing demand, contributing to a severe housing affordability crisis in Toronto and Vancouver. GDP per capita of $60,305 (reference year 2026) is competitive globally. The Bank of Canada has navigated rate hikes and cuts to manage inflation at 2.5% (reference year 2026) while supporting growth.
Canada's economy faces a productivity challenge — GDP per hour worked has lagged the US and many European peers for decades. The country's resource dependence means economic performance tracks commodity prices, particularly oil. Government debt at 110.7% (reference year 2026) of GDP is moderate by G7 standards. Canada's life expectancy of 82.1 years (reference year 2024) and universal healthcare system reflect high living standards.
Questions about Canada’s figures
What nominal gdp does SOTW report for Canada in reference year 2026?
Canada: nominal gdp is $2.51T (current US dollars; reference year 2026). Source: International Monetary Fund (World Economic Outlook). Rank 11 among 188 covered IMF economies for reference year 2026.
What real gdp growth does SOTW report for Canada in reference year 2026?
Canada: real gdp growth is 1.5% (annual percent change in real GDP; reference year 2026). Source: International Monetary Fund (World Economic Outlook).
What population does SOTW report for Canada in reference year 2025?
Canada: population is 41.7M (people; reference year 2025). Source: World Bank (World Development Indicators). The World Bank definition describes midyear population estimates.
What life expectancy at birth does SOTW report for Canada in reference year 2024?
Canada: life expectancy at birth is 82.1 years (years; reference year 2024). Source: World Bank (World Development Indicators).