Nominal GDP
$2.32T
current US$ · 2025
World Bank
🇨🇦
Economy Snapshot
Canada Economy and Trade
OttawaLocal time
GDP $2.32T · real growth +1.7% · latest verified annual data
The latest comparable figures displayed for Canada include $2.32T of nominal GDP in 2025 and +1.7% real growth in 2025. For household-scale context, GDP per capita is $55,698 in 2025, while consumer-price inflation is 2.1% in 2025. Reference years remain attached to each series so readers can compare the figures without treating differently dated measures as one snapshot.
GDP per capita
$55,698
current US$ · 2025
World Bank
Real GDP growth
+1.7%
annual % · 2025
World Bank
Inflation
2.1%
CPI annual % · 2025
Source listed below
Canada at a Glance
Reference years stay attached to each measure so current-dollar output, real growth, prices, jobs and trade are not silently mixed.
Output trend
Nominal GDP · annual observations · current US$ · World Bank
2015: $1.56T2016: $1.53T2017: $1.65T2018: $1.73T2019: $1.74T2020: $1.66T2021: $2.02T2022: $2.20T2023: $2.20T2024: $2.27T2025: $2.32T
GDP per capita$55,698
Real growth+1.7%
GDP year2025
2025 Inflation
2.1%
CPI annual %
2025 Unemployment
6.9%
labor-market measure
2025 GDP per capita
$55,697.7
current US$
Macro signals
Available measures are shown with their reported reference periods.
Macro signals
Latest verified World Bank observations
Real growth2025+1.7%
Unemployment20256.9%
Inflation20252.1%
Understand the numbers
What Canada's economic profile is telling you
Canada remained a large high-income economy in 2025, with modest real growth, consumer-price inflation close to 2 percent and a modeled unemployment rate of 6.9 percent. Those indicators describe different parts of the cycle and are kept separate on this page.
Canada is deeply integrated into North American and global goods markets. A headline merchandise balance is not inserted here because the national 2025 trade release is denominated in Canadian dollars and this page keeps the trade panel on a consistent US-dollar basis.
Reading the macro data
GDP measures current-dollar economic size. Real growth tracks output after price effects, while CPI inflation and unemployment describe separate price and labor-market conditions.
Reading the trade data
Merchandise exports and imports cover traded goods. They are not combined with services trade or presented as a current-account balance.
Detailed Economic Data
| Indicator | Canada | Reference period | Status |
|---|---|---|---|
| GDPcurrent US$, market prices | $2.32T | 2025 | Actual |
| GDP per capitacurrent US$ | $55,697.7 | 2025 | Actual |
| Real GDP growthannual % | +1.7% | 2025 | Actual |
| InflationCPI, annual % | 2.1% | 2025 | Actual |
| Unemploymentmodeled ILO estimate | 6.9% | 2025 | Estimate |
| Merchandise trade balancematched year required | Not calculated | Unavailable | Unavailable |
Frequently Asked Questions
What is Canada's GDP?
Nominal GDP was about $2.32T in 2025 in current US dollars according to the World Bank.
How fast is Canada's economy growing?
Real GDP growth was +1.7% in 2025.
What is inflation in Canada?
The annual CPI reading used here is 2.1% for 2025.
What does merchandise trade show for Canada?
A matched merchandise export and import pair was not independently resolved for this page, so no goods balance is calculated.
Sources & methodology
Sources for the economic indicators and definitions shown above.
View sources used for this page
GDP, GDP per capita, real GDP growth, consumer-price inflation and modeled ILO unemployment.
Official data: GDP · GDP per capita · Real growth · Inflation · Unemployment
Matched-year merchandise exports, imports and partner context where independently resolved.
Official data: WTO economy profiles
Each metric keeps its own definition and reference year. Missing data is left unavailable rather than silently substituted.