Inflation, GDP deflator in Canada
Canada: Inflation, GDP deflator was 2.6% in 2025. ◆ Volatile
Inflation, GDP deflator in Canada, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator in Canada is 2.6%, measured in 2025.
That represents a change of down 6.6% on the previous year and up 394.2% over ten years.
Over the whole period, inflation, gdp deflator in Canada peaked at 15.6% in 1974 and was at its lowest, -2.3%, in 2009.
Canada ranks 138th 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.
Inflation, GDP deflator in Canada, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 2.4% | — |
| 1962 | 1.3% | -46.4% |
| 1963 | 2.2% | +66.6% |
| 1964 | 2.8% | +29.8% |
| 1965 | 3.8% | +33.3% |
| 1966 | 4.9% | +30.4% |
| 1967 | 4.5% | -9.5% |
| 1968 | 4.1% | -8.7% |
| 1969 | 4.8% | +18.7% |
| 1970 | 4.7% | -2.2% |
| 1971 | 4.9% | +4.4% |
| 1972 | 5.8% | +18.1% |
| 1973 | 9.9% | +70.4% |
| 1974 | 15.6% | +56.8% |
| 1975 | 11.0% | -29.4% |
| 1976 | 8.8% | -20.1% |
| 1977 | 6.7% | -23.5% |
| 1978 | 6.8% | +1.6% |
| 1979 | 10.1% | +47.5% |
| 1980 | 10.1% | -0.1% |
| 1981 | 10.9% | +8.1% |
| 1982 | 8.8% | -18.8% |
| 1983 | 5.8% | -34.0% |
| 1984 | 3.5% | -39.1% |
| 1985 | 3.3% | -5.8% |
| 1986 | 3.1% | -6.2% |
| 1987 | 4.8% | +53.0% |
| 1988 | 4.5% | -5.3% |
| 1989 | 4.7% | +3.1% |
| 1990 | 3.4% | -28.4% |
| 1991 | 3.1% | -8.8% |
| 1992 | 1.5% | -51.9% |
| 1993 | 1.3% | -12.4% |
| 1994 | 1.5% | +12.9% |
| 1995 | 2.3% | +55.5% |
| 1996 | 1.7% | -26.0% |
| 1997 | 1.1% | -31.7% |
| 1998 | -0.2% | -115.4% |
| 1999 | 1.9% | -1190.6% |
| 2000 | 4.4% | +127.3% |
| 2001 | 1.6% | -64.0% |
| 2002 | 1.3% | -20.1% |
| 2003 | 3.2% | +158.4% |
| 2004 | 3.3% | +0.3% |
| 2005 | 3.1% | -4.4% |
| 2006 | 2.6% | -17.5% |
| 2007 | 3.3% | +28.3% |
| 2008 | 4.0% | +21.2% |
| 2009 | -2.3% | -158.2% |
| 2010 | 2.8% | -222.5% |
| 2011 | 3.2% | +13.9% |
| 2012 | 1.2% | -62.5% |
| 2013 | 1.7% | +42.9% |
| 2014 | 1.9% | +11.6% |
| 2015 | -0.9% | -144.7% |
| 2016 | 0.7% | -182.6% |
| 2017 | 2.6% | +258.6% |
| 2018 | 1.7% | -35.8% |
| 2019 | 1.5% | -6.3% |
| 2020 | 1.1% | -30.8% |
| 2021 | 7.8% | +627.1% |
| 2022 | 7.9% | +1.3% |
| 2023 | 1.5% | -80.4% |
| 2024 | 2.7% | +76.9% |
| 2025 | 2.6% | -6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.4% | 1.3% | 4.9% | 9 |
| 1970s | 8.4% | 4.7% | 15.6% | 10 |
| 1980s | 6.0% | 3.1% | 10.9% | 10 |
| 1990s | 1.7% | -0.2% | 3.4% | 10 |
| 2000s | 2.4% | -2.3% | 4.4% | 10 |
| 2010s | 1.7% | -0.9% | 3.2% | 10 |
| 2020s | 3.9% | 1.1% | 7.9% | 6 |
Countries ranked near Canada
- 135 Seychelles 2.6% compare
- 136 Saint Lucia 2.6% compare
- 137 Belgium 2.6% compare
- 139 Cayman Islands 2.4% compare
- 140 Monaco 2.4% compare
- 141 Indonesia 2.4% 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)
- Net primary income (Net income from abroad) (current LCU), annual 10.87 % change on previous year (2025)
- 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)
Frequently asked questions
- What is inflation, gdp deflator in Canada?
- Inflation, gdp deflator in Canada was 2.6% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Canada?
- The highest recorded value was 15.6% in 1974.
- What is the lowest inflation, gdp deflator recorded in Canada?
- The lowest recorded value was -2.3% in 2009.
- How does Canada rank for inflation, gdp deflator?
- Canada ranks 138th out of 212 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Canada?
- Over the last ten years it is up 394.2%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.