GDP

GDP of Canada in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Canada with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 55037, and the growth rate in 2022 is 3.4%.”

Population

37.593 million

Land Size

8965590 km²

GDP

2.14 trillion

GDP Per Capita

55037 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

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%
Government Expneidutre
21%
Capital Formation
23.1%
Export
33.8%
Import
33.6%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

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

Economic Development

Unemployment

5.3 %

Inflation

6.8 %

Urbanization

81.5 %

TFR

1.5 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

Canada

1795030 million USD

Ontario

704290 million USD

Quebec

366383 million USD

British Columbia

249348 million USD

Alberta

241009 million USD

Manitoba

59817.2 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

Canada

-5.07 %

Ontario

-3.53 %

Quebec

-2.51 %

British Columbia

-1.27 %

Alberta

-16.26 %

Manitoba

-1.93 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

Canada

47229 USD

Ontario

47826 USD

Quebec

42719 USD

British Columbia

48365

Alberta

54568 USD

Manitoba

43349 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

Canada

-6.14 %

Ontario

-4.7 %

Quebec

-3.11 %

British Columbia

-2.95 %

Alberta

-17.29 %

Manitoba

-3.57 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %