Gross domestic product (GDP), annual growth rate in Canada
Canada: Gross domestic product (GDP), annual growth rate was 1.31 % change on previous year in 2023. ◆ Volatile
Latest (2023)
1.31 % change on previous year
Change on year
down 63.1%
World rank
116th
of 184 countries
All-time high
8.74 % change on previous year
in 1955
All-time low
-9.89 % change on previous year
in 2009
Years of data
73
1951–2023
Gross domestic product (GDP), annual growth rate in Canada, 1951–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Canada recorded 1.31 % change on previous year for gross domestic product (gdp), annual growth rate in 2023.
That represents a change of down 63.1% on the previous year and down 47.6% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Canada peaked at 8.74 % change on previous year in 1955 and was at its lowest, -9.89 % change on previous year, in 2009.
Canada ranks 116th of 184 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.
Gross domestic product (GDP), annual growth rate in Canada, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 3.44 % change on previous year | — |
| 1952 | 8.68 % change on previous year | +152.0% |
| 1953 | 4.63 % change on previous year | -46.6% |
| 1954 | -0.3017 % change on previous year | -106.5% |
| 1955 | 8.74 % change on previous year | -2997.5% |
| 1956 | 8.15 % change on previous year | -6.8% |
| 1957 | 2.56 % change on previous year | -68.5% |
| 1958 | 2.45 % change on previous year | -4.6% |
| 1959 | 3.95 % change on previous year | +61.3% |
| 1960 | 3.57 % change on previous year | -9.5% |
| 1961 | 4.13 % change on previous year | +15.8% |
| 1962 | 6.39 % change on previous year | +54.7% |
| 1963 | 5.27 % change on previous year | -17.6% |
| 1964 | 6.99 % change on previous year | +32.7% |
| 1965 | 6.24 % change on previous year | -10.8% |
| 1966 | 6.64 % change on previous year | +6.6% |
| 1967 | 3 % change on previous year | -54.9% |
| 1968 | 5.32 % change on previous year | +77.3% |
| 1969 | 5.23 % change on previous year | -1.7% |
| 1970 | 2.88 % change on previous year | -45.0% |
| 1971 | 5.23 % change on previous year | +81.7% |
| 1972 | 5.73 % change on previous year | +9.6% |
| 1973 | 7.23 % change on previous year | +26.2% |
| 1974 | 2.79 % change on previous year | -61.4% |
| 1975 | 1.51 % change on previous year | -45.9% |
| 1976 | 5.82 % change on previous year | +285.0% |
| 1977 | 3.54 % change on previous year | -39.1% |
| 1978 | 3.91 % change on previous year | +10.3% |
| 1979 | 4.08 % change on previous year | +4.5% |
| 1980 | 1.85 % change on previous year | -54.7% |
| 1981 | 3.24 % change on previous year | +75.2% |
| 1982 | -2.37 % change on previous year | -173.2% |
| 1983 | 3.3 % change on previous year | -239.5% |
| 1984 | 6.91 % change on previous year | +109.2% |
| 1985 | 2.61 % change on previous year | -62.2% |
| 1986 | 1.95 % change on previous year | -25.5% |
| 1987 | 7.02 % change on previous year | +260.6% |
| 1988 | 5.01 % change on previous year | -28.6% |
| 1989 | 3.66 % change on previous year | -27.1% |
| 1990 | 0.8094 % change on previous year | -77.9% |
| 1991 | -2.57 % change on previous year | -417.0% |
| 1992 | 1 % change on previous year | -139.0% |
| 1993 | 2.36 % change on previous year | +135.9% |
| 1994 | 4.77 % change on previous year | +101.7% |
| 1995 | 4.94 % change on previous year | +3.7% |
| 1996 | 2.55 % change on previous year | -48.5% |
| 1997 | 3.57 % change on previous year | +40.5% |
| 1998 | 1.02 % change on previous year | -71.4% |
| 1999 | 6.72 % change on previous year | +557.1% |
| 2000 | 6.74 % change on previous year | +0.4% |
| 2001 | -0.4737 % change on previous year | -107.0% |
| 2002 | 1.07 % change on previous year | -325.5% |
| 2003 | 4.79 % change on previous year | +347.9% |
| 2004 | 4.27 % change on previous year | -10.7% |
| 2005 | 7.53 % change on previous year | +76.1% |
| 2006 | 0.6303 % change on previous year | -91.6% |
| 2007 | 2.21 % change on previous year | +249.9% |
| 2008 | 4.28 % change on previous year | +94.1% |
| 2009 | -9.89 % change on previous year | -331.2% |
| 2010 | 7.29 % change on previous year | -173.7% |
| 2011 | 6.12 % change on previous year | -16.0% |
| 2012 | 0.5966 % change on previous year | -90.3% |
| 2013 | 2.5 % change on previous year | +319.3% |
| 2014 | 4.09 % change on previous year | +63.5% |
| 2015 | -5.25 % change on previous year | -228.4% |
| 2016 | 1.57 % change on previous year | -129.8% |
| 2017 | 4.37 % change on previous year | +178.9% |
| 2018 | 1.92 % change on previous year | -56.0% |
| 2019 | 0.0226 % change on previous year | -98.8% |
| 2020 | -3.9 % change on previous year | -17315.6% |
| 2021 | 5.62 % change on previous year | -244.4% |
| 2022 | 3.55 % change on previous year | -36.9% |
| 2023 | 1.31 % change on previous year | -63.1% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 |
|---|---|---|---|
| 2020 | -17315.6% | 0.0226 % change on previous year | -3.9 % change on previous year |
| 1955 | +2997.5% | -0.3017 % change on previous year | 8.74 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 4.7 % change on previous year | -0.3017 % change on previous year | 8.74 % change on previous year | 9 |
| 1960s | 5.28 % change on previous year | 3 % change on previous year | 6.99 % change on previous year | 10 |
| 1970s | 4.27 % change on previous year | 1.51 % change on previous year | 7.23 % change on previous year | 10 |
| 1980s | 3.32 % change on previous year | -2.37 % change on previous year | 7.02 % change on previous year | 10 |
| 1990s | 2.52 % change on previous year | -2.57 % change on previous year | 6.72 % change on previous year | 10 |
| 2000s | 2.11 % change on previous year | -9.89 % change on previous year | 7.53 % change on previous year | 10 |
| 2010s | 2.32 % change on previous year | -5.25 % change on previous year | 7.29 % change on previous year | 10 |
| 2020s | 1.65 % change on previous year | -3.9 % change on previous year | 5.62 % change on previous year | 4 |
Countries ranked near Canada
- 113 Tajikistan 1.41 % change on previous year compare
- 114 Bahamas 1.37 % change on previous year compare
- 115 Colombia 1.37 % change on previous year compare
- 117 Grenada 1.28 % change on previous year compare
- 118 Eswatini 1.09 % change on previous year compare
- 119 Belize 1.06 % change on previous year 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), annual growth rate in Canada?
- Gross domestic product (gdp), annual growth rate in Canada was 1.31 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Canada?
- The highest recorded value was 8.74 % change on previous year in 1955.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Canada?
- The lowest recorded value was -9.89 % change on previous year in 2009.
- How does Canada rank for gross domestic product (gdp), annual growth rate?
- Canada ranks 116th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Canada?
- Over the last ten years it is down 47.6%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.