Services, value added (current LCU), annual growth rate in Canada
Canada: Services, value added (current LCU), annual growth rate was 9.53 % change on previous year in 2022. ▼ Falling
Services, value added (current LCU), annual growth rate in Canada, 1998–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2022, services, value added (current lcu), annual growth rate in Canada stood at 9.53 % change on previous year. That is the highest value across all 25 years on record.
The figure is up 6.0% on the previous year and up 168.3% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Canada peaked at 9.53 % change on previous year in 2022 and was at its lowest, -1.3 % change on previous year, in 2020.
Canada ranks 63rd of 204 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Services, value added (current LCU), annual growth rate in Canada, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1998 | 4.9 % change on previous year | — |
| 1999 | 5.42 % change on previous year | +10.7% |
| 2000 | 7.56 % change on previous year | +39.4% |
| 2001 | 5.57 % change on previous year | -26.3% |
| 2002 | 5.03 % change on previous year | -9.8% |
| 2003 | 5.05 % change on previous year | +0.5% |
| 2004 | 5.62 % change on previous year | +11.2% |
| 2005 | 5.78 % change on previous year | +2.9% |
| 2006 | 6.43 % change on previous year | +11.1% |
| 2007 | 5.98 % change on previous year | -7.0% |
| 2008 | 4.44 % change on previous year | -25.7% |
| 2009 | 1.14 % change on previous year | -74.3% |
| 2010 | 4.19 % change on previous year | +266.4% |
| 2011 | 4.93 % change on previous year | +17.7% |
| 2012 | 3.55 % change on previous year | -28.0% |
| 2013 | 4.11 % change on previous year | +15.8% |
| 2014 | 4.45 % change on previous year | +8.3% |
| 2015 | 3.01 % change on previous year | -32.4% |
| 2016 | 3.25 % change on previous year | +8.1% |
| 2017 | 4.37 % change on previous year | +34.3% |
| 2018 | 4.05 % change on previous year | -7.4% |
| 2019 | 4.75 % change on previous year | +17.4% |
| 2020 | -1.3 % change on previous year | -127.3% |
| 2021 | 8.99 % change on previous year | -792.6% |
| 2022 | 9.53 % change on previous year | +6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.16 % change on previous year | 4.9 % change on previous year | 5.42 % change on previous year | 2 |
| 2000s | 5.26 % change on previous year | 1.14 % change on previous year | 7.56 % change on previous year | 10 |
| 2010s | 4.07 % change on previous year | 3.01 % change on previous year | 4.93 % change on previous year | 10 |
| 2020s | 5.74 % change on previous year | -1.3 % change on previous year | 9.53 % change on previous year | 3 |
Countries ranked near Canada
- 60 Namibia 9.74 % change on previous year compare
- 61 Iceland 9.72 % change on previous year compare
- 62 North Macedonia 9.63 % change on previous year compare
- 64 Monaco 9.48 % change on previous year compare
- 65 Macao 9.45 % change on previous year compare
- 66 Mali 9.32 % 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)
- Services, value added (current US$), annual growth rate 5.51 % change on previous year (2022)
- Services, value added (current US$), per unit of GDP 0.6411 current US$ per US$ of GDP (2022)
- Services, value added (current US$), per capita 36,221 current US$ per person (2022)
- Services, value added (current LCU), per unit of GDP 0.8344 current LCU per US$ of GDP (2022)
- Services, value added (current LCU), per capita 47,143 current LCU per person (2022)
- Services, value added (constant 2015 US$), annual growth rate 1.54 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5637 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 31,397 constant 2015 US$ per person (2025)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Canada?
- Services, value added (current lcu), annual growth rate in Canada was 9.53 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Canada?
- The highest recorded value was 9.53 % change on previous year in 2022.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Canada?
- The lowest recorded value was -1.3 % change on previous year in 2020.
- How does Canada rank for services, value added (current lcu), annual growth rate?
- Canada ranks 63rd out of 204 countries with data for 2022.
- Is services, value added (current lcu), annual growth rate rising or falling in Canada?
- Over the last ten years it is up 168.3%. The long-run trend across the full record is falling.
- Where does this Canada data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 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 Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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 Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.