Services, value added in Canada
Canada: Services, value added was 1.84 trillion current LCU in 2022. ▲ Rising
Services, value added in Canada, 1997–2022
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Canada recorded 1.84 trillion current LCU for services, value added in 2022. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 9.5% on the previous year and up 55.0% over ten years.
Over the whole period, services, value added in Canada peaked at 1.84 trillion current LCU in 2022 and was at its lowest, 567.30 billion current LCU, in 1997.
Canada ranks 82nd of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Services, value added in Canada, year by year
| Year | current LCU | Change |
|---|---|---|
| 1997 | 567.30 billion current LCU | — |
| 1998 | 595.08 billion current LCU | +4.9% |
| 1999 | 627.35 billion current LCU | +5.4% |
| 2000 | 674.76 billion current LCU | +7.6% |
| 2001 | 712.37 billion current LCU | +5.6% |
| 2002 | 748.19 billion current LCU | +5.0% |
| 2003 | 786.00 billion current LCU | +5.1% |
| 2004 | 830.17 billion current LCU | +5.6% |
| 2005 | 878.18 billion current LCU | +5.8% |
| 2006 | 934.63 billion current LCU | +6.4% |
| 2007 | 990.50 billion current LCU | +6.0% |
| 2008 | 1.03 trillion current LCU | +4.4% |
| 2009 | 1.05 trillion current LCU | +1.1% |
| 2010 | 1.09 trillion current LCU | +4.2% |
| 2011 | 1.14 trillion current LCU | +4.9% |
| 2012 | 1.18 trillion current LCU | +3.6% |
| 2013 | 1.23 trillion current LCU | +4.1% |
| 2014 | 1.29 trillion current LCU | +4.5% |
| 2015 | 1.33 trillion current LCU | +3.0% |
| 2016 | 1.37 trillion current LCU | +3.3% |
| 2017 | 1.43 trillion current LCU | +4.4% |
| 2018 | 1.49 trillion current LCU | +4.0% |
| 2019 | 1.56 trillion current LCU | +4.8% |
| 2020 | 1.54 trillion current LCU | -1.3% |
| 2021 | 1.68 trillion current LCU | +9.0% |
| 2022 | 1.84 trillion current LCU | +9.5% |
Canada compared with similar countries
- Canada's 1.84 trillion current LCU is above the median for high income countries, which is 204.15 billion current LCU, 9.0× the median. (77 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 596.58 billion current LCU | 567.30 billion current LCU | 627.35 billion current LCU | 3 |
| 2000s | 863.56 billion current LCU | 674.76 billion current LCU | 1.05 trillion current LCU | 10 |
| 2010s | 1.31 trillion current LCU | 1.09 trillion current LCU | 1.56 trillion current LCU | 10 |
| 2020s | 1.68 trillion current LCU | 1.54 trillion current LCU | 1.84 trillion current LCU | 3 |
Countries ranked near Canada
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 services, value added in Canada?
- Services, value added in Canada was 1.84 trillion current LCU in 2022, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Canada?
- The highest recorded value was 1.84 trillion current LCU in 2022.
- What is the lowest services, value added recorded in Canada?
- The lowest recorded value was 567.30 billion current LCU in 1997.
- How does Canada rank for services, value added?
- Canada ranks 82nd out of 206 countries with data for 2022.
- Is services, value added rising or falling in Canada?
- Over the last ten years it is up 55.0%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.