Taxes less subsidies on products (current US$) in Canada
Canada: Taxes less subsidies on products (current US$) was 144.88 billion current US$ in 2025. ◆ Volatile
Latest (2025)
144.88 billion current US$
Change on year
down 3.5%
World rank
11th
of 199 countries
All-time high
150.09 billion current US$
in 2024
All-time low
6.91 billion current US$
in 1970
Years of data
56
1970–2025
Taxes less subsidies on products in Canada, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, taxes less subsidies on products in Canada stood at 144.88 billion current US$.
The figure is down 3.5% on the previous year and up 38.6% over ten years.
Over the whole period, taxes less subsidies on products in Canada peaked at 150.09 billion current US$ in 2024 and was at its lowest, 6.91 billion current US$, in 1970.
Canada ranks 11th of 199 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in Canada, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 6.91 billion current US$ | — |
| 1971 | 7.84 billion current US$ | +13.6% |
| 1972 | 9.24 billion current US$ | +17.8% |
| 1973 | 10.51 billion current US$ | +13.7% |
| 1974 | 12.67 billion current US$ | +20.6% |
| 1975 | 10.38 billion current US$ | -18.1% |
| 1976 | 13.30 billion current US$ | +28.1% |
| 1977 | 13.44 billion current US$ | +1.0% |
| 1978 | 13.02 billion current US$ | -3.1% |
| 1979 | 13.30 billion current US$ | +2.2% |
| 1980 | 12.96 billion current US$ | -2.6% |
| 1981 | 18.99 billion current US$ | +46.5% |
| 1982 | 18.91 billion current US$ | -0.4% |
| 1983 | 18.86 billion current US$ | -0.2% |
| 1984 | 19.61 billion current US$ | +4.0% |
| 1985 | 20.96 billion current US$ | +6.9% |
| 1986 | 24.64 billion current US$ | +17.6% |
| 1987 | 29.14 billion current US$ | +18.3% |
| 1988 | 36.51 billion current US$ | +25.3% |
| 1989 | 43.15 billion current US$ | +18.2% |
| 1990 | 42.73 billion current US$ | -1.0% |
| 1991 | 44.79 billion current US$ | +4.8% |
| 1992 | 44.15 billion current US$ | -1.4% |
| 1993 | 42.93 billion current US$ | -2.8% |
| 1994 | 41.97 billion current US$ | -2.2% |
| 1995 | 43.97 billion current US$ | +4.8% |
| 1996 | 45.00 billion current US$ | +2.3% |
| 1997 | 47.95 billion current US$ | +6.6% |
| 1998 | 47.01 billion current US$ | -2.0% |
| 1999 | 49.94 billion current US$ | +6.2% |
| 2000 | 52.94 billion current US$ | +6.0% |
| 2001 | 50.94 billion current US$ | -3.8% |
| 2002 | 56.47 billion current US$ | +10.9% |
| 2003 | 63.73 billion current US$ | +12.9% |
| 2004 | 72.25 billion current US$ | +13.4% |
| 2005 | 80.63 billion current US$ | +11.6% |
| 2006 | 88.76 billion current US$ | +10.1% |
| 2007 | 97.39 billion current US$ | +9.7% |
| 2008 | 95.59 billion current US$ | -1.8% |
| 2009 | 89.42 billion current US$ | -6.5% |
| 2010 | 103.87 billion current US$ | +16.2% |
| 2011 | 112.92 billion current US$ | +8.7% |
| 2012 | 116.85 billion current US$ | +3.5% |
| 2013 | 116.80 billion current US$ | -0.0% |
| 2014 | 115.09 billion current US$ | -1.5% |
| 2015 | 104.50 billion current US$ | -9.2% |
| 2016 | 105.18 billion current US$ | +0.7% |
| 2017 | 114.88 billion current US$ | +9.2% |
| 2018 | 117.53 billion current US$ | +2.3% |
| 2019 | 114.29 billion current US$ | -2.8% |
| 2020 | 101.81 billion current US$ | -10.9% |
| 2021 | 135.13 billion current US$ | +32.7% |
| 2022 | 145.37 billion current US$ | +7.6% |
| 2023 | 147.10 billion current US$ | +1.2% |
| 2024 | 150.09 billion current US$ | +2.0% |
| 2025 | 144.88 billion current US$ | -3.5% |
Canada compared with similar countries
- Canada's 144.88 billion current US$ is above the median for high income countries, which is 9.71 billion current US$, 14.9× the median. (74 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.06 billion current US$ | 6.91 billion current US$ | 13.44 billion current US$ | 10 |
| 1980s | 24.37 billion current US$ | 12.96 billion current US$ | 43.15 billion current US$ | 10 |
| 1990s | 45.04 billion current US$ | 41.97 billion current US$ | 49.94 billion current US$ | 10 |
| 2000s | 74.81 billion current US$ | 50.94 billion current US$ | 97.39 billion current US$ | 10 |
| 2010s | 112.19 billion current US$ | 103.87 billion current US$ | 117.53 billion current US$ | 10 |
| 2020s | 137.40 billion current US$ | 101.81 billion current US$ | 150.09 billion current US$ | 6 |
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)
- 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 taxes less subsidies on products in Canada?
- Taxes less subsidies on products in Canada was 144.88 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Canada?
- The highest recorded value was 150.09 billion current US$ in 2024.
- What is the lowest taxes less subsidies on products recorded in Canada?
- The lowest recorded value was 6.91 billion current US$ in 1970.
- How does Canada rank for taxes less subsidies on products?
- Canada ranks 11th out of 199 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Canada?
- Over the last ten years it is up 38.6%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current US$). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.