Inflation, GDP deflator (annual %) 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 140th of 214 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% |
Canada compared with similar countries
- Canada's 2.6% is below the median for high income countries, which is 2.6%, 97% of the median. (82 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator 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 |
|---|---|---|---|
| 1999 | +1190.6% | -0.2% | 1.9% |
| 2021 | +627.1% | 1.1% | 7.8% |
| 2017 | +258.6% | 0.7% | 2.6% |
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
- 137 Seychelles 2.6% compare
- 138 Saint Lucia 2.6% compare
- 139 Belgium 2.6% compare
- 141 Cayman Islands 2.4% compare
- 142 Monaco 2.4% compare
- 143 Indonesia 2.4% compare
More economy & growth data for Canada
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- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0048 units per US$ of GDP (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 140th out of 214 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.