Overall

The Economy of Canada in 2023 - Industry & Market Trends

Last Updated: March 29, 2024
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Population

37.593 million

GDP

2.14 trillion

GDP Growth Rate

3.4 %

GDP Per Capita

55037 USD

Land Size

8965590 km²

TFR

1.5 Child

Unemployment Rate

5.3 %

Inflation Rate

6.8 %

What is The Overall Outlook in Canada ?

Canada - Real GDP Growth
Note: Real GDP Growth (%) | Forecast After 2023 (IMF)
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Economic Structure

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
54.4%
Gov Expenditure
21%
Capital Formation
23.1%
Export
33.8%
Import
33.6%
Economic Growth(By Type)
Note: Real GDP Growth (%) | Forecast After 2023 (EIU)

Overall Economic Outlook in Canada?

Population

37.593 million

Land Size

8965590 km²

GDP

2.14 trillion

GDP Per Capita

55037 USD

Unemployment

5.3 %

Inflation

6.8 %

Urbanization

81.5 %

TFR

1.5 Child

GDP Per Capita
Note: Real Growth (%) | Forecast After 2023 (IMF)
GDP Per Capita (PPP)
Note: Real Growth (%) | Forecast After 2023 (IMF)
Unemployment Rate
Note: %
Inflation Rate
Note: %

Other Economies

Industry Structure

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
2.2%
Industry
26.7%
Manufacturing
9.5%
Service
71.1%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast After 2023 (EIU)

Demographics Overview

Population +

327 k people

Birth

376 k people

Death

298 k people

Net Migration

249 k people

Canada - Population Growth Drivers
Note: % | forecast after 2023
Canada - Age Structure - Historical & Forecast
Note: % | forecast after 2023

Natural Growth

2 ‰

Net Migration

6.5 ‰

Young Dependency

24 %

Old Dependency

28.2 %

Canada - Median Age
Note: Age
Canada - Demographic Structure
Source: UN Population; OOSGA Analytics

Political Overveiw

Canada - Government Spending (% of GDP)
Note: (%)|2023後為預測(IMF)

Current Account Balance

-7 Billion

Current Account Balance (% of GDP)

-0.3 %

Gov Net Landing/Borrowing(% of GDP)

-0.8 %

Gov Gross Debt(% of GDP)

107.4 %

Canada - Current Account Balance
note: (% of GDP) | Forecast After 2023
Canada - Gross Debt
note: (% of GDP) | Forecast After 2023

Consumer Brief

We have consolidated data on Canada’s e-commerce, social media, and insights relate to how customers in Canada make decisions and spend.

Social Media Development, User Demographics, Platforms, and Trends in Canada

Social Media Development, User Demographics, Platforms, and Trends in Canada

Reference
  • Economic Data:OECD, World Bank, IMF、Government Statistics Bureau
  • Currency Exchange:Based on IMF data in 2023/1
  • GDP Growth Projection:OECD、IMF, OECD, EIU、Government Bureau
  • Demographics:UN Population Database
  • Race, Culture, and Languages:CIA Factbook
  • Unemployment Rate Projection:ILO, UNECE
  • Trade:UN Comtrade, UNCTD
  • ICT Infrastructure:ITU
  • Data Calculation & Regression:OOSGA.org
  • Analysis:OOSGA Analytics
  •  
Author: Economic Team, CR Team

We track the latest economic developments from spending, retail, real estate to demographics in major economics around the world.

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