Services, value added (current US$), annual growth rate in Canada
Canada: Services, value added (current US$), annual growth rate was 5.51 % change on previous year in 2022. ◆ Volatile
Services, value added (current US$), annual growth rate in Canada, 1998–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (current us$), annual growth rate in Canada is 5.51 % change on previous year, measured in 2022.
Compared with earlier readings it is down 66.7% on the previous year and up 120.3% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Canada peaked at 17.66 % change on previous year in 2003 and was at its lowest, -11.01 % change on previous year, in 2015.
Canada ranks 150th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Canada, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1998 | -2.1 % change on previous year | — |
| 1999 | 5.27 % change on previous year | -351.2% |
| 2000 | 7.6 % change on previous year | +44.4% |
| 2001 | 1.23 % change on previous year | -83.8% |
| 2002 | 3.66 % change on previous year | +197.0% |
| 2003 | 17.66 % change on previous year | +383.0% |
| 2004 | 13.75 % change on previous year | -22.2% |
| 2005 | 13.57 % change on previous year | -1.3% |
| 2006 | 13.69 % change on previous year | +0.9% |
| 2007 | 11.93 % change on previous year | -12.9% |
| 2008 | 5.14 % change on previous year | -56.9% |
| 2009 | -5.59 % change on previous year | -208.8% |
| 2010 | 15.62 % change on previous year | -379.4% |
| 2011 | 9.27 % change on previous year | -40.7% |
| 2012 | 2.5 % change on previous year | -73.0% |
| 2013 | 0.9997 % change on previous year | -60.1% |
| 2014 | -2.6 % change on previous year | -360.2% |
| 2015 | -11.01 % change on previous year | +323.3% |
| 2016 | -0.3942 % change on previous year | -96.4% |
| 2017 | 6.59 % change on previous year | -1772.9% |
| 2018 | 4.22 % change on previous year | -36.0% |
| 2019 | 2.3 % change on previous year | -45.4% |
| 2020 | -2.35 % change on previous year | -202.2% |
| 2021 | 16.58 % change on previous year | -803.9% |
| 2022 | 5.51 % change on previous year | -66.7% |
Canada compared with similar countries
- Canada's 5.51 % change on previous year is below the median for high income countries, which is 8.04 % change on previous year, 69% of the median. (77 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current US$), annual growth rate in Canada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +1772.9% | -0.3942 % change on previous year | 6.59 % change on previous year |
| 2021 | +803.9% | -2.35 % change on previous year | 16.58 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.58 % change on previous year | -2.1 % change on previous year | 5.27 % change on previous year | 2 |
| 2000s | 8.26 % change on previous year | -5.59 % change on previous year | 17.66 % change on previous year | 10 |
| 2010s | 2.75 % change on previous year | -11.01 % change on previous year | 15.62 % change on previous year | 10 |
| 2020s | 6.58 % change on previous year | -2.35 % change on previous year | 16.58 % change on previous year | 3 |
Countries ranked near Canada
- 147 Dominica 5.59 % change on previous year compare
- 148 Panama 5.57 % change on previous year compare
- 149 Seychelles 5.57 % change on previous year compare
- 151 Saint Kitts and Nevis 5.49 % change on previous year compare
- 152 Belize 5.48 % change on previous year compare
- 153 East Timor 5.34 % change on previous year compare
More economy & growth data for Canada
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- SDRs holdings, US dollar, annual growth rate 4.98 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0101 units per US$ 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 services, value added (current us$), annual growth rate in Canada?
- Services, value added (current us$), annual growth rate in Canada was 5.51 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Canada?
- The highest recorded value was 17.66 % change on previous year in 2003.
- What is the lowest services, value added (current us$), annual growth rate recorded in Canada?
- The lowest recorded value was -11.01 % change on previous year in 2015.
- How does Canada rank for services, value added (current us$), annual growth rate?
- Canada ranks 150th out of 204 countries with data for 2022.
- Is services, value added (current us$), annual growth rate rising or falling in Canada?
- Over the last ten years it is up 120.3%. The long-run trend across the full record is volatile.
- Where does this Canada data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.