Annual gdp growth in Canada
Canada: Annual gdp growth was 1.55 in 2024. ◆ Volatile
Annual gdp growth in Canada, 2000–2024
Source: Our World in Data.
Analysis
The most recent figure for annual gdp growth in Canada is 1.55, measured in 2024.
Compared with earlier readings it is up 1.3% on the previous year and down 46.0% over ten years.
Over the whole period, annual gdp growth in Canada peaked at 5.95 in 2021 and was at its lowest, -5.04, in 2020.
Canada ranks 156th of 212 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.
Annual gdp growth in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.14 | — |
| 2001 | 1.88 | -63.4% |
| 2002 | 3 | +59.6% |
| 2003 | 1.81 | -39.7% |
| 2004 | 3.09 | +70.7% |
| 2005 | 3.21 | +3.9% |
| 2006 | 2.64 | -17.8% |
| 2007 | 2.05 | -22.3% |
| 2008 | 1 | -51.2% |
| 2009 | -2.92 | -392.0% |
| 2010 | 3.09 | -205.8% |
| 2011 | 3.14 | +1.6% |
| 2012 | 1.76 | -43.9% |
| 2013 | 2.33 | +32.4% |
| 2014 | 2.87 | +23.2% |
| 2015 | 0.65 | -77.4% |
| 2016 | 1.04 | +60.0% |
| 2017 | 3.03 | +191.3% |
| 2018 | 2.74 | -9.6% |
| 2019 | 1.91 | -30.3% |
| 2020 | -5.04 | -363.9% |
| 2021 | 5.95 | -218.1% |
| 2022 | 4.19 | -29.6% |
| 2023 | 1.53 | -63.5% |
| 2024 | 1.55 | +1.3% |
Canada compared with similar countries
- Canada's 1.55 is below the median for high income countries, which is 2.14, 72% of the median. (83 countries reporting)
Biggest year-on-year movements
Years where Annual gdp growth in Canada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -392.0% | 1 | -2.92 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.09 | -2.92 | 5.14 | 10 |
| 2010s | 2.26 | 0.65 | 3.14 | 10 |
| 2020s | 1.64 | -5.04 | 5.95 | 5 |
Countries ranked near Canada
More economy & growth data for Canada
- Real gdp growth, annual growth rate -14.81 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.98 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0101 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 560.16 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.0258 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0073 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 409.02 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.65 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Canada?
- Annual gdp growth in Canada was 1.55 in 2024, according to Our World in Data.
- What is the highest annual gdp growth recorded in Canada?
- The highest recorded value was 5.95 in 2021.
- What is the lowest annual gdp growth recorded in Canada?
- The lowest recorded value was -5.04 in 2020.
- How does Canada rank for annual gdp growth?
- Canada ranks 156th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Canada?
- Over the last ten years it is down 46.0%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Our World in Data, 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 CC BY 4.0 (Our World in Data).