Canada 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$2.14 trillion
↓ 0.88% vs 2022GDP per Capita
$53,431.19
↓ 3.74% vs 2022GDP Growth (Annual %)
1.25%
↓ 2.57pp vs 2022Inflation Rate (CPI %)
3.88%
↓ 2.92pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $2.16 trillion | $2.14 trillion | -0.88% |
| GDP per Capita | $55,509.39 | $53,431.19 | -3.74% |
| GDP Growth (Annual %) | 3.82% | 1.25% | -2.57pp |
| Inflation (CPI %) | 6.80% | 3.88% | -2.92pp |
| Unemployment Rate (%) | 5.28% | 5.42% | +0.14pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $2.14 trillion
- GDP per Capita
- $53,431.19
- GDP Growth (Annual %)
- 1.25%
- Gross National Income
- $2.11 trillion
Prices & Employment
- Inflation (CPI %)
- 3.88%
- Inflation (GDP Deflator %)
- 1.53%
- Unemployment Rate (%)
- 5.42%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -0.64%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Canada's Gross Domestic Product (GDP) is $2.14 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Canada for 2023 is $53,431.19. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Canada for 2023 is 3.88%. This measures the annual percentage change in the cost of consumer goods and services.
Canada's annual GDP growth rate for 2023 is 1.25%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Canada for 2023 is 5.42%. This represents the percentage of the labor force that is unemployed and actively seeking employment.