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The economy of Canada is a highly developed mixed economy, [33] [34] [35] with the world's ninth-largest economy as of 2024, and a nominal GDP of approximately US$2.117 trillion. [6] Canada is one of the world's largest trading nations, with a highly globalized economy. [36] In 2021, Canadian trade in goods and services reached $2.016 trillion ...
A table listing total GDP (expenditure-based), share of Canadian GDP, population, and per capita GDP in 2023. For illustrative purposes, market income (total income less government transfers) [1] per capita from tax returns is included. (The per capita, rather than per tax filer, measure is chosen for comparability with GDP per capita.)
In 2023 the population of Canada was 39,566,248 (Q1, 2023) [1] compared to 36,991,981 in 2021 [2] while the population of the United States was 333,287,557 in 2022, [3] almost nine times larger than Canada. The United States GDP was $24.8 trillion in 2021. [4] The United States has the largest economy globally and Canada ranks 9th at US$2.015 ...
The Canadian economy most likely grew at an annualized rate of 4.6% in the second quarter over the first, boosting market expectations of another big interest rate hike in September. The result ...
Canada's economy grew at an annualized rate of 3.3% in the second quarter, Statistics Canada said, short of the Bank of Canada's forecast for 4.0% and well below analyst forecasts of 4.4%.
Canada's economy grew at an annualized rate of 3.3% in the second quarter, Statistics Canada said, short of the Bank of Canada's forecast for 4.0% and well below analyst forecasts of 4.4%.
In Canada, federal budgets are presented annually by the Government of Canada to identify planned government spending and expected government revenue, and to forecast economic conditions for the upcoming year. They are usually released in February or March, before the start of the fiscal year. All the Canadian provinces also present budgets.
The International Monetary Fund's (IMF) World Economic Outlook reports that for 2021 Canada's net debt-to-GDP ratio was 32% and the gross debt-to-GDP ratio was 113%. [51] According to the IMF, for the last 15 years, Canada had the lowest net debt-to-GDP ratio, at around 33%, among G7 countries. [ 52 ]