Includes historical data for Canada’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
From Fossil Strength To A Green Economy
As one of the largest and most developed economies in the world, Canada is also considered a model for sustainable development and social inclusion. Canada not only boasts a highly skilled workforce and abundant energy, mineral and agricultural resources, but it benefits from a strong financial and banking sector, a favorable foreign investment environment and the immediate proximity to the US market.
A top exporter of crude petroleum and natural gas, Canada has at the same time placed itself at the forefront of the fight against the climate crisis through substantial investments in clean electricity and tech manufacturing, carbon capture, and hydrogen production. Economic challenges include a high household debt, over-reliance on trade with the United States, and low workforce productivity.
Macroeconomy & Sovereign Data
| Type of Government | Federal parliamentary democracy under a constitutional monarchy |
|---|---|
| Capital | Ottawa |
| Sovereign Ratings |
S&P: AAA Moody’s: Aaa Fitch Ratings: AA+ |
| Total Population | 40.9 million |
| Median Age | 40.8 |
| Adult Per Capita Income (PPP) | 65,143 |
| Total GDP (2023) | 2.2 trillion |
Canada GDP & Economic Overview
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Trade & Investment
| Total Exports | USD 558.6 billion (2023) |
|---|---|
| Leading Exports |
Crude petroleum Cars Natural gas Refined petroleum Gold |
| Total Imports | USD 618.5 billion (2022) |
| Leading Imports |
Cars Refined petroleum Vehicle parts/accessories Trucks Crude petroleum |
| Source: | World Integrated Trade Solution |
Canada Leading Companies
| RBC Royal Bank | Financials |
|---|---|
| TD Bank Group | Financials |
| Sun Life Financial | Insurance |
| Manulife | Insurance |
| Enbridge Gas | Oil & Gas Distribution & Marketing |
| Rogers Communications | Telecommunication Services |
| Shopify | Information Technology |
Major Trade Partners — Import
| United States | 49% |
|---|---|
| China | 14% |
| Mexico | 5% |
| Germany | 3% |
| Japan | 3% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
| United States | 75% |
|---|---|
| China | 4% |
| United Kingdom | 3% |
| Japan | 2% |
| Mexico | 1% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000