Macro‑Economic Monitor

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Canada economy

Canada’s economy grew 1.7% in 2025, slower than the world as a whole (2.9%). Consumer prices rose 2.1% in 2025, and 6.9% of the labour force was out of work.

IndicatorLatestYear
Real GDP growth1.7%2025
Inflation (consumer prices)2.1%2025
Unemployment6.9%2025
GDP (US dollars)$2.32 tn2025
GDP per person (US dollars)$55,6982025
GDP per person (PPP, international dollars)$64,6102024
Current account balance, % of GDP−0.9%2025
Budget balance, % of GDP−1.2%2024
Extreme poverty, % of people below $3.00 a day0.3%2022
Population41.7 m2025
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Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.