Real GDP (expenditure-based), Canada
Real GDP in Canada was C$2,524.1 bn in , up 0.8% from and up 1.1% from a year earlier. Over the latest 12 readings it moved between C$2,408.3 bn and C$2,524.1 bn. The next reading is for Q3 2026. Source: Statistics Canada, Table 36-10-0104-01; history from .
Key takeaways
- Real GDP at C$2,524.1 bn in beats 100% of readings since (Statistics Canada).
- Against a ten-year average of C$2,293.4 bn, real GDP is above that norm by C$230.7 bn (Statistics Canada).
- On real GDP, Canada ranks 1st highest of 3 countries (national publishers).
What this indicator is and why it matters
Real GDP (expenditure-based) is the total value of goods and services produced in Canada, measured by adding up spending by households, businesses, governments and foreign buyers, less imports. Statistics Canada publishes it quarterly, about two months after the quarter ends, in chained 2017 dollars at a seasonally adjusted annual rate.
It is the official measure of the size and growth of the Canadian economy, the figure behind recession calls and the Bank of Canada's assessment of spare capacity. The spending breakdown shows whether growth comes from consumers, housing investment, business investment or exports, which matters for banks because each draws on credit differently.
The level is stated at an annual rate, so each quarter's figure shows what output would be over a full year at that pace, not the quarter's actual output. Chained dollars remove the effect of price changes but mean the components do not add up exactly to the total. Population growth has been unusually fast in Canada in recent years, so growth in total GDP can look healthy while output per person falls. Statistics Canada revises past quarters as better data arrive.
Where it sits in history
Real GDP is at its highest since the series starts in . Within ten years, real GDP beats 100% of readings.
| Window | Latest is higher than | Average | Highest | Lowest |
|---|---|---|---|---|
| Since Q1 2006 | 100% of readings | C$2,101.1 bn | C$2,524.1 bn | C$1,779.8 bn |
| Last ten years | 100% of readings | C$2,293.4 bn | C$2,524.1 bn | C$1,968.1 bn |
| Last five years | 100% of readings | C$2,415.6 bn | C$2,524.1 bn | C$2,221.9 bn |
- Real GDP (expenditure-based) C$2,524bn
Recent readings
Last five years
- Real GDP (expenditure-based) C$2,524bn
Latest readings
| Period | Value | Change from previous |
|---|---|---|
| C$2,524.1 bn | +0.8% | |
| C$2,503.6 bn | +0.1% | |
| C$2,501.6 bn | -0.2% | |
| C$2,507.8 bn | +0.5% | |
| C$2,496.0 bn | -0.2% | |
| C$2,502.0 bn | +0.7% | |
| C$2,484.3 bn | +0.7% | |
| C$2,467.0 bn | +0.8% |
Annual averages
By calendar-year average, real GDP peaked in (C$2,501.8 bn) and bottomed in (C$1,792.7 bn). 2026 to date: C$2,513.9 bn, after C$2,501.8 bn in 2025.
| Year | Average | Low | High | Readings |
|---|---|---|---|---|
| 2026 (part year) | C$2,513.9 bn | C$2,503.6 bn | C$2,524.1 bn | 2 |
| 2025 | C$2,501.8 bn | C$2,496.0 bn | C$2,507.8 bn | 4 |
| 2024 | C$2,456.3 bn | C$2,427.1 bn | C$2,484.3 bn | 4 |
| 2023 | C$2,407.1 bn | C$2,403.3 bn | C$2,409.6 bn | 4 |
| 2022 | C$2,360.9 bn | C$2,331.1 bn | C$2,378.2 bn | 4 |
| 2021 | C$2,255.1 bn | C$2,221.9 bn | C$2,307.2 bn | 4 |
| 2020 | C$2,128.4 bn | C$1,968.1 bn | C$2,211.4 bn | 4 |
| 2019 | C$2,241.3 bn | C$2,218.4 bn | C$2,255.4 bn | 4 |
| 2018 | C$2,199.4 bn | C$2,179.8 bn | C$2,213.1 bn | 4 |
| 2017 | C$2,140.6 bn | C$2,120.8 bn | C$2,154.7 bn | 4 |
| 2016 | C$2,077.6 bn | C$2,061.4 bn | C$2,094.5 bn | 4 |
| 2015 | C$2,056.3 bn | C$2,050.8 bn | C$2,059.5 bn | 4 |
| 2014 | C$2,043.0 bn | C$2,015.9 bn | C$2,068.0 bn | 4 |
| 2013 | C$1,985.9 bn | C$1,964.1 bn | C$2,012.5 bn | 4 |
| 2012 | C$1,940.8 bn | C$1,933.7 bn | C$1,946.7 bn | 4 |
| 2011 | C$1,907.3 bn | C$1,888.0 bn | C$1,932.5 bn | 4 |
| 2010 | C$1,849.3 bn | C$1,830.4 bn | C$1,873.7 bn | 4 |
| 2009 | C$1,793.8 bn | C$1,779.8 bn | C$1,808.5 bn | 4 |
| 2008 | C$1,847.7 bn | C$1,840.5 bn | C$1,862.4 bn | 4 |
| 2007 | C$1,829.5 bn | C$1,812.3 bn | C$1,839.1 bn | 4 |
| 2006 | C$1,792.7 bn | C$1,787.8 bn | C$1,800.8 bn | 4 |
Same measure in other countries
Real GDP in Canada is above 2 of the other 2 comparable readings. Four countries compared.
How is it measured?
Gross domestic product at market prices, chained (2017) dollars, seasonally adjusted at annual rates.
Statistics Canada publishes real GDP quarterly in Table 36-10-0104-01, in CAD (chained 2017 dollars, annual rate) and is seasonally adjusted at an annual rate. Code: 36100104:1.1.1.30. Method for real GDP.
Questions
How high is real GDP in Canada now?
C$2,524.1 bn in (Statistics Canada), up 1.1% on a year earlier.
Is real GDP high by historical standards?
Real GDP beats 100% of readings since ; its peak was C$2,524.1 bn (), its low C$1,779.8 bn ().
When is real GDP updated?
Quarterly, in Table 36-10-0104-01. Next reading: Q3 2026.
Where can I check real GDP at the source?
Statistics Canada data, code 36100104:1.1.1.30.