Canada GDP Growth Rate (2026)
Canada has a diversified advanced economy supported by services, natural resources, manufacturing, trade, investment, and household consumption. This page examines its current GDP growth trend, historical performance, global comparison, and outlook.
GDP Growth Rate 2026
+1.5%
Annual real GDP growth
World Rank
#157
Out of 195 countries
Change vs 2025
-0.2 pp
2025: +1.7%
North America Rank
#19
Out of 23 countries
1. Canada GDP Growth Rate in 2026
Canadian economic growth is influenced by consumer demand, housing, business investment, energy production, exports, and trade with the United States. Interest rates, population trends, and commodity markets also affect economic momentum.
2. Canada GDP Growth Rate Trends (1980–2026)
Canada’s growth history has been shaped by domestic demand, resource cycles, trade, population growth, and investment. Its close economic relationship with the United States has also strongly influenced periods of expansion and slowdown.
3. Canada GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +1.5% | -0.2 pp |
| 2025 | +1.7% | -0.3 pp |
| 2024 | +2.0% | 0.0 pp |
| 2023 | +2.0% | -2.7 pp |
| 2022 | +4.7% | -1.3 pp |
| 2021 | +6.0% | +11.0 pp |
| 2020 | -5.0% | -6.9 pp |
| 2019 | +1.9% | -0.8 pp |
| 2018 | +2.7% | -0.3 pp |
| 2017 | +3.0% | +2.0 pp |
| 2016 | +1.0% | +0.3 pp |
| 2015 | +0.7% | -2.2 pp |
| 2014 | +2.9% | +0.6 pp |
| 2013 | +2.3% | +0.5 pp |
| 2012 | +1.8% | -1.3 pp |
| 2011 | +3.1% | 0.0 pp |
| 2010 | +3.1% | +6.0 pp |
| 2009 | -2.9% | -3.9 pp |
| 2008 | +1.0% | -1.0 pp |
| 2007 | +2.0% | -0.6 pp |
| 2006 | +2.6% | -0.6 pp |
| 2005 | +3.2% | +0.1 pp |
| 2004 | +3.1% | +1.3 pp |
| 2003 | +1.8% | -1.2 pp |
| 2002 | +3.0% | +1.1 pp |
| 2001 | +1.9% | -3.2 pp |
| 2000 | +5.1% | 0.0 pp |
| 1999 | +5.1% | +1.2 pp |
| 1998 | +3.9% | -0.4 pp |
| 1997 | +4.3% | +2.6 pp |
| 1996 | +1.7% | -1.0 pp |
| 1995 | +2.7% | -1.8 pp |
| 1994 | +4.5% | +1.8 pp |
| 1993 | +2.7% | +1.8 pp |
| 1992 | +0.9% | +3.0 pp |
| 1991 | -2.1% | -2.3 pp |
| 1990 | +0.2% | -2.1 pp |
| 1989 | +2.3% | -2.1 pp |
| 1988 | +4.4% | +0.3 pp |
| 1987 | +4.1% | +2.0 pp |
| 1986 | +2.1% | -2.6 pp |
| 1985 | +4.7% | -1.2 pp |
| 1984 | +5.9% | +3.3 pp |
| 1983 | +2.6% | +5.8 pp |
| 1982 | -3.2% | -6.7 pp |
| 1981 | +3.5% | +1.3 pp |
| 1980 | +2.2% | — |
4. Canada GDP Growth Performance
Current Growth Rate
+1.5%
(2026 to 2026)
5-Year Average
+2.4%
(2022 to 2026)
10-Year Average
+2.1%
(2017 to 2026)
20-Year Average
+1.8%
(2007 to 2026)
Canada’s economy remains supported by services, energy production, trade, and population growth, although household debt and housing pressures can weigh on activity. Business investment and improving financial conditions may provide additional support.
5. Canada GDP Growth Rate vs North America and World
Canada
+1.5%
North America Average
+2.2%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
Canada’s GDP growth rate is approximately
0.7 pp
below the
North America average
and
1.3 pp
below the world average.
6. Canada GDP Growth Rate Ranking in North America
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #15 | Bahamas | +2.1% |
| #16 | Saint Kitts & Nevis | +2.0% |
| #17 | Saint Lucia | +2.0% |
| #18 | Mexico | +1.6% |
| #19 | Canada | +1.5% |
| #20 | Trinidad and Tobago | +0.8% |
| #21 | Jamaica | -1.2% |
| #22 | Haiti | -1.7% |
| #23 | Cuba | -1.9% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Canada
Canada GDP (Nominal)
$2.51 Trillion
(2026)
Canada GDP Growth Rate
+1.5%
(2026)
Canada’s growth profile is broadly similar to other advanced economies but is more sensitive to commodity markets and U.S. economic conditions. Its resource base and trade integration provide both opportunities and exposure to external changes.
Explore more:
Canada GDP
9. Canada GDP Growth Rate Forecast
Canada’s outlook depends on consumer spending, housing conditions, investment, energy markets, productivity, and U.S. demand. Household debt, affordability pressures, trade uncertainty, and weak productivity remain important economic challenges.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +1.9% | +0.4 pp |
| 2028 | +1.7% | -0.2 pp |
| 2029 | +1.7% | 0.0 pp |
| 2030 | +1.7% | 0.0 pp |
10. Canada GDP Growth Rate: Key Findings
Canada GDP growth rate is estimated at +1.5% in 2026.
It ranks #157 globally and #19 in North America by annual GDP growth rate.
The growth rate slowed by 0.2 percentage points compared with 2025.
The 5-year average GDP growth rate is +2.4%.
The 10-year average GDP growth rate is +2.1%.
The current rate is 0.7 percentage points below the North America average.
The current rate is 1.3 percentage points below the world average.
The forecast GDP growth rate is +1.7% in 2030, 0.2 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Canada GDP Growth Rate FAQs
Canada GDP growth rate is estimated at +1.5% in 2026.
Canada ranks #157 globally and #19 in North America by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +1.5% in 2026.
Canada GDP growth rate was +0.7% in 2015.
Canada GDP growth rate is 0.7 percentage points below the North America average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.