What is the GDP of Canada?

Canada's GDP is approximately $2243.6 billion USD. The GDP growth rate is 1.6%.

What is the population of Canada?

Canada has a population of approximately 41.3 million people. The population growth rate is 3%.

What is the inflation rate in Canada?

The inflation rate in Canada is 2.4%.

What is the unemployment rate in Canada?

The unemployment rate in Canada is 6.9%.

What is the GDP per capita of Canada?

Canada's GDP per capita is approximately $54,340 USD.

Is Canada a good country to invest in?

Canada has an investment score of 83/100, classified as "Safe" risk. Key sectors include Energy, Mining, Financial Services. Credit rating: AAA.

How open is Canada's economy to trade?

Canada's trade openness (trade as % of GDP) is 65%. Exports total approximately $727.9B and imports $733.8B.

What is Canada's government debt?

Canada's government debt is approximately 65% of GDP. The current account balance is -0.5% of GDP.

How much foreign investment does Canada attract?

Foreign direct investment (FDI) in Canada is 2.8% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Canada?

Canada's economy is composed of services (66% of GDP), industry (25% of GDP), and agriculture (2% of GDP).

Can I start a business in Canada as a foreigner?

Canada offers various options for foreign entrepreneurs. Visit our business setup guide for Canada for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Canada's economy growing?

Canada's GDP growth rate is 1.6%. The economy is growing at a moderate pace.

🇨🇦

Canada Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

North AmericaHigh IncomeCapital: OttawaCAN

Safe

AAA

Growing

2,243.6B USD

GDP (Nominal)

Growing at 1.6%

$54,340

GDP Per Capita

High income level

41.3M

Population

+3% annual growth

Stable

2.4%

Inflation

Price stability

65%of GDP

Trade Openness

Strong

2.8%of GDP

FDI Inflows

High

65%of GDP

Public Debt

High

6.9%

Unemployment

Deficit

-$5.9B

Trade Balance

Currency & Exchange Rate

Currency

C$ Canadian Dollar

CAD

Exchange Rate (1 USD)

C$1.36

+0.7% YoY(weakened)

5-Year Change

+1.5%

From C$1.34

Regime & Controls

free floating

Capital controls: none

GDP

Billion USD, nominal

$2,243.6B

2024+70.3B

GDP Growth

Annual %

1.6%

2024+0.1%

Inflation

Consumer prices, annual %

2.4%

2024-1.5%

Population

Millions

41.3M

2024+1.2M

Economic Structure

Services66%

Industry25%

Agriculture2%

Infrastructure87/100

Internet Speed

155 Mbps

Mobile: 60 Mbps

Logistics Index

3.7 /5.0

World Bank LPI

Electricity

96%

Reliability score

Connectivity

good

93% internet access

Investment Score Breakdown

Economic Health (30%)82

Political Safety (25%)90

Business Climate (20%)85

Financial Strength (15%)80

Growth Potential (10%)72

Key Sectors

Energy

8% of GDP

growing

Mining

5% of GDP

growing

Financial Services

7% of GDP

stable

Technology

6% of GDP

growing

Should I Invest in Canada?

Strong BuySetup: ModerateROI: Moderate

Canada scores 83/100 on the NationsData Investment Index, rated "Safe". Growth is subdued at 1.5%. Business setup takes approximately 30 days with a corporate tax rate of 15%.

Investment Score83/100

GDP Growth1.5%

Inflation2.8%

FDI/GDP2.2%

Public Debt106%

Political Stability1.0

Corporate Tax15%

Ease of Business#23

Strengths

+Exceptional political stability - low governance risk
+World-class business environment - fast registration, strong IP protection
+Low inflation (2.8%) - stable pricing environment
+100% foreign ownership allowed - no local partner required
+Low corporate tax rate (15%)
+Extensive tax treaty network (94 countries)

Risks

-Very high public debt (106% of GDP) - fiscal crisis risk
-Very slow contract enforcement (910 days) - use arbitration clauses

Best For

Energy (growing, score: 88)Mining (growing, score: 82)Premium services and luxury brandsDigital businesses and SaaSHolding companies and regional HQs

Also Consider

United States

Same region, similar income level

Australia

Similar investment score

Japan

Similar investment score

Austria

Similar investment score

Countries Similar to Canada

Based on investment profile, economic size, growth rate, and region

🇫🇮

Finland