Skip to content
ChartBasis
Choose a language: English

Canada

Headline economic indicators for Canada, with the most recent official readings.

Prices

Prices — Canada
Indicator Value Change
Inflation rate · 2.1% -0.31 (-13.0%)
Consumer price index · 141.0 +2.86 (+2.1%)
Inflation rate (monthly) · 3.1% +0.10 (+3.3%)
Consumer price index (monthly) · 170.0 +0.20 (+0.1%)
CPI-trim core inflation (monthly) · 1.8% -0.10 (-5.3%)
CPI-median core inflation (monthly) · 1.9% -0.10 (-5.0%)
CPI-common core inflation (monthly) · 2.4% -0.20 (-7.7%)
House price index (quarterly) · 201.9 +1.56 (+0.8%)
House price inflation, year on year (quarterly) · -4.0% +0.84 (+17.4%)
Real house price index (quarterly) · 139.2 -1.23 (-0.9%)
Real house price growth, year on year (quarterly) · -6.7% +0.09 (+1.4%)
GDP deflator inflation · 2.6% -0.18 (-6.6%)

GDP

GDP — Canada
Indicator Value Change
GDP growth rate · 1.7% -0.30 (-14.8%)
GDP per capita · 55,697.66 +681.96 (+1.2%)
GDP growth, quarter on quarter · 0.8% +0.70 (+700.0%)
GDP growth, year on year (quarterly) · 1.1% +1.00 (+1,000.0%)
GDP per capita, long-run history · 45,530 +1,150 (+2.6%)
GDP · 2,319,899,772,425.92 +49,823,582,742 (+2.2%)
GDP, PPP · 2,780,073,936,108 +78,095,096,119 (+2.9%)
GDP per capita, PPP · 66,746 +1,263 (+1.9%)
GDP per capita growth · 0.8% +1.75 (+183.0%)
GNI per capita · 56,420 +2,310 (+4.3%)
Agriculture to GDP · 1.9% +0.33 (+20.9%)
Industry to GDP · 27.4% +1.74 (+6.8%)
Manufacturing to GDP · 9.3% -0.20 (-2.1%)
Services to GDP · 64.1% -2.00 (-3.0%)
Household consumption to GDP · 55.8% +0.18 (+0.3%)
Gross capital formation to GDP · 23.2% -0.01 (-0.1%)
Gross savings to GDP · 22.2% +0.89 (+4.2%)

Labour

Labour — Canada
Indicator Value Change
Unemployment rate · 6.9% +0.56 (+8.8%)
Unemployment rate (monthly) · 6.5% +0.10 (+1.6%)
Labour force participation rate (monthly) · 64.8% -0.20 (-0.3%)
Labour force participation rate · 64.5% -0.22 (-0.3%)
Female labour force participation rate · 60.2% -0.21 (-0.3%)
Youth unemployment rate · 13.8% +0.52 (+3.9%)
Employment to population ratio · 60.1% -0.57 (-0.9%)
Employment in agriculture · 1.1% -0.02 (-2.2%)
Employment in industry · 18.7% -0.18 (-1.0%)
Employment in services · 80.1% +0.21 (+0.3%)

Money

Money — Canada
Indicator Value Change
Real interest rate · 0.1% -1.84 (-93.6%)
Central bank policy rate · 2.3% -0.25 (-10.0%)
Real effective exchange rate (monthly) · 95.6 -0.69 (-0.7%)
Nominal effective exchange rate (monthly) · 97.2 -0.35 (-0.4%)
Private sector credit to GDP (quarterly) · 218.8% -0.05 (-0.0%)
Credit-to-GDP gap (quarterly) · -15.27 pp +0.02 (+0.1%)
Debt service ratio, private sector (quarterly) · 25.5% +0.00 (+0.0%)
Debt service ratio, households (quarterly) · 14.0% +0.00 (+0.0%)
Debt service ratio, non-financial corporations (quarterly) · 57.3% +0.00 (+0.0%)
Broad money to GDP · 122.6% +10.55 (+9.4%)
Private sector credit to GDP · 124.1% +0.56 (+0.5%)
Lending rate · 2.7% +0.00 (+0.0%)
Bank deposit rate · 0.1% +0.00 (+0.0%)
Stock market capitalization to GDP · 199.2% +50.55 (+34.0%)
Bank nonperforming loans · 0.7% +0.14 (+24.2%)
Official exchange rate · 1.4 +0.03 (+2.1%)

Trade

Trade — Canada
Indicator Value Change
Current account to GDP · -1.0% -0.47 (-97.0%)
Exports to GDP · 31.3% -1.14 (-3.5%)
Imports to GDP · 32.2% -0.47 (-1.5%)
Trade to GDP · 63.5% -1.61 (-2.5%)
Exports of goods and services · 726,879,970,410.26 -10,193,678,919 (-1.4%)
Imports of goods and services · 746,500,089,837.29 +5,266,102,122 (+0.7%)
Trade balance, goods and services (annual) · -21,097,150,925.52 -16,832,748,902 (-394.7%)
Current account balance (annual) · -22,293,760,154.54 -11,219,133,906 (-101.3%)
Foreign direct investment to GDP · 3.0% +0.25 (+8.8%)
Remittances received to GDP · 0.0% -0.00 (-4.2%)
Total reserves, including gold · 125,626,898,210.33 +5,848,424,813 (+4.9%)
Reserves in months of imports · 1.6 +0.05 (+3.5%)

Government

Government — Canada
Indicator Value Change
Government debt to GDP · 64.1% +3.68 (+6.1%)
Government revenue to GDP · 19.9% +0.32 (+1.7%)
Government expense to GDP · 19.1% +0.89 (+4.9%)
Tax revenue to GDP · 13.7% -0.02 (-0.2%)
Government budget balance to GDP · -1.2% -1.76 (-299.0%)
Government consumption to GDP · 21.9% +0.47 (+2.2%)
Education spending to GDP · 4.8% +0.10 (+2.0%)
Health spending to GDP · 11.3% +0.12 (+1.1%)

Demography

Demography — Canada
Indicator Value Change
Population · 41,651,653 +389,324 (+0.9%)
Population, long-run history · 38,685 +301.11 (+0.8%)
Population growth · 0.9% -2.05 (-68.5%)
Life expectancy · 82.1 +0.48 (+0.6%)
Fertility rate · 1.25 -0.02 (-1.6%)
Birth rate · 8.9 +0.10 (+1.1%)
Death rate · 7.9 -0.30 (-3.7%)
Urban population share · 82.9% +0.18 (+0.2%)
Population aged 65 and over · 20.3% +0.46 (+2.3%)
Under-five mortality rate · 5.4 +0.00 (+0.0%)
Population density · 4.7 +0.14 (+3.0%)
Net migration · 326,204 -42,395 (-11.5%)
Gini index · 31.5 +0.40 (+1.3%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

Source: Statistics Canada, Consumer Price Index (Table 18-10-0004-01), Labour Force Survey (Table 14-10-0287-01) and Gross domestic product, expenditure-based (Table 36-10-0104-01). Reproduced and distributed on an "as is" basis with the permission of Statistics Canada. Rates of change are adapted from Statistics Canada; this does not constitute an endorsement by Statistics Canada.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Canada

Economies nearby

Comparable readings from neighbouring economies.