Canada 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$2.14 trillion
↓ 0.29% vs 2023GDP per Capita
$53,275.49
↓ 0.29% vs 2023GDP Growth (Annual %)
-0.29%
↓ 1.54pp vs 2023Inflation Rate (CPI %)
2.38%
↓ 1.50pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $2.14 trillion | $2.14 trillion | -0.29% |
| GDP per Capita | $53,431.19 | $53,275.49 | -0.29% |
| GDP Growth (Annual %) | 1.25% | -0.29% | -1.54pp |
| Inflation (CPI %) | 3.88% | 2.38% | -1.50pp |
| Unemployment Rate (%) | 5.42% | 6.45% | +1.04pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $2.14 trillion
- GDP per Capita
- $53,275.49
- GDP Growth (Annual %)
- -0.29%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 2.38%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 6.45%
- 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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, 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 2024 is $53,275.49. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Canada for 2024 is 2.38%. This measures the annual percentage change in the cost of consumer goods and services.
Canada's annual GDP growth rate for 2024 is -0.29%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Canada for 2024 is 6.45%. This represents the percentage of the labor force that is unemployed and actively seeking employment.