Gross domestic product (GDP) in Canada
Canada: Gross domestic product (GDP) was 2.17 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
2.17 trillion international-$ in 2021 prices
Change on year
up 1.3%
World rank
16th
of 184 countries
All-time high
2.17 trillion international-$ in 2021 prices
in 2023
All-time low
197.56 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
Gross domestic product (GDP) in Canada, 1950–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Canada stood at 2.17 trillion international-$ in 2021 prices. That is the highest value across all 74 years on record.
Compared with earlier readings it is up 1.3% on the previous year and up 13.5% over ten years.
Over the whole period, gross domestic product (gdp) in Canada peaked at 2.17 trillion international-$ in 2021 prices in 2023 and was at its lowest, 197.56 billion international-$ in 2021 prices, in 1950.
That places Canada 16th out of 184 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Canada, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 197.56 billion international-$ in 2021 prices | — |
| 1951 | 204.36 billion international-$ in 2021 prices | +3.4% |
| 1952 | 222.09 billion international-$ in 2021 prices | +8.7% |
| 1953 | 232.38 billion international-$ in 2021 prices | +4.6% |
| 1954 | 231.68 billion international-$ in 2021 prices | -0.3% |
| 1955 | 251.93 billion international-$ in 2021 prices | +8.7% |
| 1956 | 272.45 billion international-$ in 2021 prices | +8.1% |
| 1957 | 279.44 billion international-$ in 2021 prices | +2.6% |
| 1958 | 286.27 billion international-$ in 2021 prices | +2.4% |
| 1959 | 297.57 billion international-$ in 2021 prices | +3.9% |
| 1960 | 308.20 billion international-$ in 2021 prices | +3.6% |
| 1961 | 320.94 billion international-$ in 2021 prices | +4.1% |
| 1962 | 341.46 billion international-$ in 2021 prices | +6.4% |
| 1963 | 359.46 billion international-$ in 2021 prices | +5.3% |
| 1964 | 384.60 billion international-$ in 2021 prices | +7.0% |
| 1965 | 408.58 billion international-$ in 2021 prices | +6.2% |
| 1966 | 435.73 billion international-$ in 2021 prices | +6.6% |
| 1967 | 448.80 billion international-$ in 2021 prices | +3.0% |
| 1968 | 472.66 billion international-$ in 2021 prices | +5.3% |
| 1969 | 497.37 billion international-$ in 2021 prices | +5.2% |
| 1970 | 511.68 billion international-$ in 2021 prices | +2.9% |
| 1971 | 538.41 billion international-$ in 2021 prices | +5.2% |
| 1972 | 569.25 billion international-$ in 2021 prices | +5.7% |
| 1973 | 610.39 billion international-$ in 2021 prices | +7.2% |
| 1974 | 627.44 billion international-$ in 2021 prices | +2.8% |
| 1975 | 636.92 billion international-$ in 2021 prices | +1.5% |
| 1976 | 673.96 billion international-$ in 2021 prices | +5.8% |
| 1977 | 697.83 billion international-$ in 2021 prices | +3.5% |
| 1978 | 725.10 billion international-$ in 2021 prices | +3.9% |
| 1979 | 754.70 billion international-$ in 2021 prices | +4.1% |
| 1980 | 768.64 billion international-$ in 2021 prices | +1.8% |
| 1981 | 793.51 billion international-$ in 2021 prices | +3.2% |
| 1982 | 774.73 billion international-$ in 2021 prices | -2.4% |
| 1983 | 800.31 billion international-$ in 2021 prices | +3.3% |
| 1984 | 855.61 billion international-$ in 2021 prices | +6.9% |
| 1985 | 877.98 billion international-$ in 2021 prices | +2.6% |
| 1986 | 895.07 billion international-$ in 2021 prices | +1.9% |
| 1987 | 957.93 billion international-$ in 2021 prices | +7.0% |
| 1988 | 1.01 trillion international-$ in 2021 prices | +5.0% |
| 1989 | 1.04 trillion international-$ in 2021 prices | +3.7% |
| 1990 | 1.05 trillion international-$ in 2021 prices | +0.8% |
| 1991 | 1.02 trillion international-$ in 2021 prices | -2.6% |
| 1992 | 1.03 trillion international-$ in 2021 prices | +1.0% |
| 1993 | 1.06 trillion international-$ in 2021 prices | +2.4% |
| 1994 | 1.11 trillion international-$ in 2021 prices | +4.8% |
| 1995 | 1.16 trillion international-$ in 2021 prices | +4.9% |
| 1996 | 1.19 trillion international-$ in 2021 prices | +2.5% |
| 1997 | 1.24 trillion international-$ in 2021 prices | +3.6% |
| 1998 | 1.25 trillion international-$ in 2021 prices | +1.0% |
| 1999 | 1.33 trillion international-$ in 2021 prices | +6.7% |
| 2000 | 1.42 trillion international-$ in 2021 prices | +6.7% |
| 2001 | 1.42 trillion international-$ in 2021 prices | -0.5% |
| 2002 | 1.43 trillion international-$ in 2021 prices | +1.1% |
| 2003 | 1.50 trillion international-$ in 2021 prices | +4.8% |
| 2004 | 1.56 trillion international-$ in 2021 prices | +4.3% |
| 2005 | 1.68 trillion international-$ in 2021 prices | +7.5% |
| 2006 | 1.69 trillion international-$ in 2021 prices | +0.6% |
| 2007 | 1.73 trillion international-$ in 2021 prices | +2.2% |
| 2008 | 1.80 trillion international-$ in 2021 prices | +4.3% |
| 2009 | 1.63 trillion international-$ in 2021 prices | -9.9% |
| 2010 | 1.74 trillion international-$ in 2021 prices | +7.3% |
| 2011 | 1.85 trillion international-$ in 2021 prices | +6.1% |
| 2012 | 1.86 trillion international-$ in 2021 prices | +0.6% |
| 2013 | 1.91 trillion international-$ in 2021 prices | +2.5% |
| 2014 | 1.99 trillion international-$ in 2021 prices | +4.1% |
| 2015 | 1.88 trillion international-$ in 2021 prices | -5.2% |
| 2016 | 1.91 trillion international-$ in 2021 prices | +1.6% |
| 2017 | 1.99 trillion international-$ in 2021 prices | +4.4% |
| 2018 | 2.03 trillion international-$ in 2021 prices | +1.9% |
| 2019 | 2.03 trillion international-$ in 2021 prices | +0.0% |
| 2020 | 1.95 trillion international-$ in 2021 prices | -3.9% |
| 2021 | 2.06 trillion international-$ in 2021 prices | +5.6% |
| 2022 | 2.14 trillion international-$ in 2021 prices | +3.5% |
| 2023 | 2.17 trillion international-$ in 2021 prices | +1.3% |
Canada compared with similar countries
- Canada's 2.17 trillion international-$ in 2021 prices is above the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 7.8× the median. (66 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 247.57 billion international-$ in 2021 prices | 197.56 billion international-$ in 2021 prices | 297.57 billion international-$ in 2021 prices | 10 |
| 1960s | 397.78 billion international-$ in 2021 prices | 308.20 billion international-$ in 2021 prices | 497.37 billion international-$ in 2021 prices | 10 |
| 1970s | 634.57 billion international-$ in 2021 prices | 511.68 billion international-$ in 2021 prices | 754.70 billion international-$ in 2021 prices | 10 |
| 1980s | 877.25 billion international-$ in 2021 prices | 768.64 billion international-$ in 2021 prices | 1.04 trillion international-$ in 2021 prices | 10 |
| 1990s | 1.15 trillion international-$ in 2021 prices | 1.02 trillion international-$ in 2021 prices | 1.33 trillion international-$ in 2021 prices | 10 |
| 2000s | 1.59 trillion international-$ in 2021 prices | 1.42 trillion international-$ in 2021 prices | 1.80 trillion international-$ in 2021 prices | 10 |
| 2010s | 1.92 trillion international-$ in 2021 prices | 1.74 trillion international-$ in 2021 prices | 2.03 trillion international-$ in 2021 prices | 10 |
| 2020s | 2.08 trillion international-$ in 2021 prices | 1.95 trillion international-$ in 2021 prices | 2.17 trillion international-$ in 2021 prices | 4 |
Countries ranked near Canada
- 13 South Korea 2.91 trillion international-$ in 2021 prices compare
- 14 Mexico 2.60 trillion international-$ in 2021 prices compare
- 15 Spain 2.19 trillion international-$ in 2021 prices compare
- 17 Saudi Arabia 1.96 trillion international-$ in 2021 prices compare
- 18 Egypt 1.96 trillion international-$ in 2021 prices compare
- 19 Australia 1.70 trillion international-$ in 2021 prices compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 57.17 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0246 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,373 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 69.03 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.48 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0298 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,657 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.88 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Canada?
- Gross domestic product (gdp) in Canada was 2.17 trillion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Canada?
- The highest recorded value was 2.17 trillion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Canada?
- The lowest recorded value was 197.56 billion international-$ in 2021 prices in 1950.
- How does Canada rank for gross domestic product (gdp)?
- Canada ranks 16th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Canada?
- Over the last ten years it is up 13.5%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.