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Canada: GDP per capita (current US$)

In , Canada's GDP per capita (current US$) was 54,340.35.

That's up 0.2% from 2023, the highest value since .

The global average for this indicator in 2024 was 21,312.22 . Canada ranks #20 globally out of 192 reporting countries. Within North America, it ranks #3 of 3.

Source: World Bank Open Data (NY.GDP.PCAP.CD) • Data as of 2024

Trend (2005–2024)

Canada GDP per capita (current US$) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
56,256.80
Trough
36,383.66
1-year change
+0.2%
5-year change
+17.2%
+3.2% / yr
10-year change
+6.6%
+0.6% / yr

Real vs nominal growth

Over the last 10 years, Canada's nominal GDP per capita (current US$) changed by +6.6%, while real (inflation-adjusted) GDP per capita (constant 2015 US$) changed by +1.8%. The +4.9 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.

Historical Data — Last 10 Years

Year GDP per capita (current US$)
54,340.3477
54,220.3285
56,256.8007
52,886.6616
43,537.8393
46,352.8693
46,539.1762
45,129.6281
42,314.0616
43,594.1941

About GDP per capita (current US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.PCAP.CD • Category: Economy

About per capita measures: Per capita figures divide a country's total value by its population, giving a measure of average individual share. This makes countries of different sizes more comparable — a large country like China may have a higher total GDP than Switzerland, but Switzerland's GDP per capita is much higher.

Frequently asked questions

What was Canada's GDP per capita (current US$) in 2024?
In 2024, Canada's GDP per capita (current US$) was 54,340.35, according to World Bank Open Data.
Is Canada's GDP per capita (current US$) rising or falling?
Canada's GDP per capita (current US$) rose 0.2% from 2023 to 2024.
How does Canada rank globally on GDP per capita (current US$)?
In 2024, Canada ranked #20 out of 192 countries reporting GDP per capita (current US$).
How does Canada's GDP per capita (current US$) compare to the world average?
The global average for GDP per capita (current US$) in 2024 was 21,312.22, so Canada is above the world average. Within North America, it ranks #3 of 3.
What is GDP per capita (current US$) and how is it measured?
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
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Source: World Bank Open Data (NY.GDP.PCAP.CD), CC BY 4.0.