Canada vs European Union: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Canada
- European Union
How they compare
European Union currently reports 19.06 trillion current US$ against 2.18 trillion current US$ in Canada, a difference of 16.88 trillion current US$.
That makes European Union's figure about 8.8 times Canada's.
Across all 56 years both countries report, European Union has been ahead every year.
Canada ranks 9th and European Union ranks 7th of 204 countries.
European Union has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Canada | European Union | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 155.58 billion current US$ | 1.48 trillion current US$ | 1.32 trillion current US$ | European Union |
| 1980s | 360.80 billion current US$ | 3.26 trillion current US$ | 2.90 trillion current US$ | European Union |
| 1990s | 571.55 billion current US$ | 6.76 trillion current US$ | 6.19 trillion current US$ | European Union |
| 2000s | 1.03 trillion current US$ | 10.28 trillion current US$ | 9.24 trillion current US$ | European Union |
| 2010s | 1.60 trillion current US$ | 13.45 trillion current US$ | 11.85 trillion current US$ | European Union |
| 2020s | 1.97 trillion current US$ | 16.37 trillion current US$ | 14.39 trillion current US$ | European Union |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Canada or European Union?
- European Union, at 19.06 trillion current US$ against 2.18 trillion current US$ in Canada as of 2025.
- What is the difference in gross value added at basic prices (gva) between Canada and European Union?
- 16.88 trillion current US$, with European Union ahead.
- How many years of comparable data are there for Canada and European Union?
- 56 years are reported by both, from 1970 to 2025.
- How do Canada and European Union rank globally for gross value added at basic prices (gva)?
- Canada ranks 9th and European Union ranks 7th of 204 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross value added at basic prices (GVA) (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.