Annual GDP growth in Canada
Canada: Annual GDP growth was 1.6% in 2024. ◆ Volatile
Latest (2024)
1.6%
Change on year
up 1.7%
World rank
145th
of 196 countries
All-time high
6.0%
in 2021
All-time low
-5.0%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Canada, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Canada recorded 1.6% for annual gdp growth in 2024.
That represents a change of up 1.7% on the previous year and down 45.9% over ten years.
Over the whole period, annual gdp growth in Canada peaked at 6.0% in 2021 and was at its lowest, -5.0%, in 2020.
Canada ranks 145th of 196 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.1% | -2.9% | 5.1% | 10 |
| 2010s | 2.3% | 0.6% | 3.1% | 10 |
| 2020s | 1.6% | -5.0% | 6.0% | 5 |
Countries ranked near Canada
More economy & growth data for Canada
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.8812 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.66 Percent per annum (2029)
- Taxes less subsidies on products (current US$), annual growth rate -3.47 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0625 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 3,478 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate -1.45 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0873 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 4,863 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.5328 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.88 (2025)
Frequently asked questions
- What is annual gdp growth in Canada?
- Annual gdp growth in Canada was 1.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Canada?
- The highest recorded value was 6.0% in 2021.
- What is the lowest annual gdp growth recorded in Canada?
- The lowest recorded value was -5.0% in 2020.
- How does Canada rank for annual gdp growth?
- Canada ranks 145th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Canada?
- Over the last ten years it is down 45.9%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).