Services, value added (current LCU) in Canada
Canada: Services, value added (current LCU) 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 (current LCU) 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% |
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
- Real gdp growth, annual growth rate -14.81 % change on previous year (2025)
- 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)
- 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)
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.