Gross Domestic Product — Value Standard Local Currency in Canada
Canada: Gross Domestic Product — Value Standard Local Currency was 3.03 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Canada, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency in Canada stood at 3.03 million million SLC. That is the highest value across all 55 years on record.
That represents a change of up 4.6% on the previous year and up 51.7% over ten years.
Over the whole period, gross domestic product — value standard local currency in Canada peaked at 3.03 million million SLC in 2024 and was at its lowest, 93,153 million SLC, in 1970.
That places Canada 81st out of 218 countries with data for 2024, putting it 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 — Value Standard Local Currency in Canada, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 93,153 million SLC | — |
| 1971 | 101,665 million SLC | +9.1% |
| 1972 | 113,521 million SLC | +11.7% |
| 1973 | 132,966 million SLC | +17.1% |
| 1974 | 158,176 million SLC | +19.0% |
| 1975 | 177,928 million SLC | +12.5% |
| 1976 | 205,986 million SLC | +15.8% |
| 1977 | 227,601 million SLC | +10.5% |
| 1978 | 252,075 million SLC | +10.8% |
| 1979 | 287,608 million SLC | +14.1% |
| 1980 | 322,782 million SLC | +12.2% |
| 1981 | 368,358 million SLC | +14.1% |
| 1982 | 388,181 million SLC | +5.4% |
| 1983 | 421,316 million SLC | +8.5% |
| 1984 | 461,986 million SLC | +9.7% |
| 1985 | 500,027 million SLC | +8.2% |
| 1986 | 526,630 million SLC | +5.3% |
| 1987 | 574,336 million SLC | +9.1% |
| 1988 | 626,894 million SLC | +9.2% |
| 1989 | 671,579 million SLC | +7.1% |
| 1990 | 695,501 million SLC | +3.6% |
| 1991 | 701,773 million SLC | +0.9% |
| 1992 | 718,436 million SLC | +2.4% |
| 1993 | 747,037 million SLC | +4.0% |
| 1994 | 791,972 million SLC | +6.0% |
| 1995 | 831,621 million SLC | +5.0% |
| 1996 | 859,834 million SLC | +3.4% |
| 1997 | 906,926 million SLC | +5.5% |
| 1998 | 940,548 million SLC | +3.7% |
| 1999 | 1.01 million million SLC | +7.2% |
| 2000 | 1.11 million million SLC | +9.7% |
| 2001 | 1.14 million million SLC | +3.5% |
| 2002 | 1.19 million million SLC | +4.3% |
| 2003 | 1.25 million million SLC | +5.1% |
| 2004 | 1.34 million million SLC | +6.5% |
| 2005 | 1.42 million million SLC | +6.4% |
| 2006 | 1.50 million million SLC | +5.3% |
| 2007 | 1.58 million million SLC | +5.4% |
| 2008 | 1.66 million million SLC | +5.0% |
| 2009 | 1.57 million million SLC | -5.2% |
| 2010 | 1.67 million million SLC | +6.0% |
| 2011 | 1.77 million million SLC | +6.5% |
| 2012 | 1.83 million million SLC | +3.0% |
| 2013 | 1.90 million million SLC | +4.1% |
| 2014 | 1.99 million million SLC | +4.9% |
| 2015 | 1.99 million million SLC | -0.2% |
| 2016 | 2.03 million million SLC | +1.8% |
| 2017 | 2.14 million million SLC | +5.7% |
| 2018 | 2.24 million million SLC | +4.4% |
| 2019 | 2.31 million million SLC | +3.5% |
| 2020 | 2.22 million million SLC | -4.0% |
| 2021 | 2.52 million million SLC | +13.4% |
| 2022 | 2.81 million million SLC | +11.8% |
| 2023 | 2.89 million million SLC | +2.8% |
| 2024 | 3.03 million million SLC | +4.6% |
Canada compared with similar countries
- Canada's 3.03 million million SLC is above the median for high income countries, which is 257,567 million SLC, 11.7× the median. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 175,068 million SLC | 93,153 million SLC | 287,608 million SLC | 10 |
| 1980s | 486,209 million SLC | 322,782 million SLC | 671,579 million SLC | 10 |
| 1990s | 820,158 million SLC | 695,501 million SLC | 1.01 million million SLC | 10 |
| 2000s | 1.38 million million SLC | 1.11 million million SLC | 1.66 million million SLC | 10 |
| 2010s | 1.99 million million SLC | 1.67 million million SLC | 2.31 million million SLC | 10 |
| 2020s | 2.69 million million SLC | 2.22 million million SLC | 3.03 million million SLC | 5 |
Countries ranked near Canada
- 78 Uruguay 3.22 million million SLC compare
- 79 China, Hong Kong SAR 3.17 million million SLC compare
- 80 Jamaica 3.12 million million SLC compare
- 82 Denmark 2.96 million million SLC compare
- 83 France 2.92 million million SLC compare
- 84 United Kingdom of Great Britain and Northern Ireland 2.86 million million SLC 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 — value standard local currency in Canada?
- Gross domestic product — value standard local currency in Canada was 3.03 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Canada?
- The highest recorded value was 3.03 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Canada?
- The lowest recorded value was 93,153 million SLC in 1970.
- How does Canada rank for gross domestic product — value standard local currency?
- Canada ranks 81st out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Canada?
- Over the last ten years it is up 51.7%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).