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Canada Economic Statistics (2026)

1980

2026

2031

Source: IMF World Economic Outlook · Updated May 2026

1980

2026

2031

What to know

Canada produces $70,006 per person (PPP) in 2026, among the wealthiest nations. The economy is worth about $2.5 trillion in total. Over the past five years it has grown at about 3.0% a year. Inflation is 2.5% and unemployment 6.5%. Government debt is 111% of GDP. Its current account is in deficit, at 0.2% of GDP.

Key statistics for 2026

GDP per capita (PPP)

$70,006

GDP growth

+1.5%

Inflation rate

2.5%

Unemployment

6.5%

Key terms

GDP: — Gross Domestic Product, the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity, reflecting what money actually buys in each country.
GDP per capita: — GDP divided by population, a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

Total GDP is $2.5 trillion, with slow growth of 1.5% in 2026.

Living Standards

GDP per capita is $70,006 in purchasing power terms ($60,305 nominal).

Prices & Employment

The economy is experiencing moderate inflation at 2.5% and moderate unemployment at 6.5%.

Government Finances

Government debt is very high at 111% of GDP. The government spends more than it collects (revenue: 41.9%, expenditure: 44.6% of GDP).

External & Fiscal Balance

The country is running a fiscal deficit of 2.7% of GDP and a current-account deficit of 0.2% of GDP.

The bottom line

Canada is one of the world's wealthiest economies, with GDP per capita (PPP) of $70,006. Government debt exceeds GDP at 111%.

Source: IMF World Economic Outlook · Updated May 2026

What to know

Canada produces $70,006 per person (PPP) in 2026, among the wealthiest nations. The economy is worth about $2.5 trillion in total. Over the past five years it has grown at about 3.0% a year. Inflation is 2.5% and unemployment 6.5%. Government debt is 111% of GDP. Its current account is in deficit, at 0.2% of GDP.

Key statistics for 2026

GDP per capita (PPP)

$70,006

GDP growth

+1.5%

Inflation rate

2.5%

Unemployment

6.5%

Key terms

GDP: — Gross Domestic Product, the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity, reflecting what money actually buys in each country.
GDP per capita: — GDP divided by population, a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

The bottom line

Canada is one of the world's wealthiest economies, with GDP per capita (PPP) of $70,006. Government debt exceeds GDP at 111%.

United States of America

What to know

Key statistics for 2026

The bottom line

United States of America

What to know

Key statistics for 2026

The bottom line