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Friday, November 8, 2024
CEOWORLD magazine - Latest - Special Reports - Gross domestic product (GDP) of Canada 1980-2028

Special Reports

Gross domestic product (GDP) of Canada 1980-2028

As of 2023, Canada’s nominal gross domestic product (GDP) was approximately 2.11 trillion US dollars. This puts Canada at the 10th position in the world GDP ranking, following the United States ($26.94 trillion), China ($17.70 trillion), Germany ($4.42 trillion), Japan ($4.23 trillion), India ($3.73 trillion), the United Kingdom, France, Italy, and Brazil complete the top ten list. Gross Domestic Product (GDP) is a key indicator of a nation’s overall economic size and power. GDP is generally defined as the total market value of all the finished goods and services produced within a country’s borders in a specific time period. GDP is by no means a perfect economic indicator.

Gross domestic product (GDP) of Canada 1980-2028

YearGDP (in billion U.S. dollars)
1980276.064
1981307.246
1982314.639
1983341.863
1984356.728
1985366.184
1986379.015
1987433.14
1988509.38
1989567.225
1990596.089
1991612.514
1992594.376
1993579.059
1994579.913
1995605.941
1996630.598
1997655.01
1998634.004
1999678.417
2000744.631
2001738.968
2002760.149
2003895.599
20041,026.47
20051,173.51
20061,319.36
20071,468.90
20081,552.86
20091,376.51
20101,617.35
20111,793.33
20121,828.36
20131,846.60
20141,805.75
20151,556.51
20161,528.00
20171,649.27
20181,725.30
20191,743.73
20201,647.60
20212,001.49
20222,137.94
20232,117.81
20242,238.57
20252,364.55
20262,474.33
20272,583.81
20282,699.36

For many years, the Western media and observers have discussed the potential rise of China and India in terms of their massive future potential. However, it is time for the rest of the world to update its thinking because the future has arrived even faster than expected. In the decades to come, the economies of China and India will go from participating in global economic flows to determining their shape and direction.

Throughout history, both China and India have made significant contributions to the global GDP, with each accounting for about a quarter to a third of it. This was largely due to their large populations. However, in the 19th century, there was a sudden shift when the United States and Europe experienced rapid industrialization, leading to an increase in productivity and, subsequently, a significant increase in their share of the global GDP.

The world's eight most influential economies throughout history

YearChinaIndiaUSAJapanGermanyRussia/USSRUKFranceRest of World
150024.8924.360.323.13.323.411.134.3935.07
160028.9722.410.182.93.823.451.814.731.76
170022.3124.460.144.153.684.362.895.2732.74
182032.9616.071.812.993.875.435.225.1126.53
187017.112.158.872.296.57.549.036.530.03
190011.068.6415.852.648.237.819.375.9230.47
19138.837.4718.932.628.688.58.225.2931.45
19504.594.1627.293.024.979.566.524.1335.75
19605.243.8824.274.456.62105.374.0936.09
19704.633.4122.397.366.129.824.354.337.61
19805.23.1821.127.835.528.533.644.0640.92
19907.834.0521.398.554.667.333.483.7838.93
200011.775.1821.892.114.243.513.33.444.59
201013.88616.7153.643.592.532.6146.04
202018.216.7615.683.993.393.082.272.2644.36

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CEOWORLD magazine - Latest - Special Reports - Gross domestic product (GDP) of Canada 1980-2028
Katherina Davis
Deputy News Editor at CEOWORLD Magazine. Covering money, work, and lifestyle stories. Covering issues of importance to public company nominating and corporate governance committees, including new director recruitment, board evaluations, onboarding, director compensation and overall corporate governance. More recently, I have joined the newsletters team, writing and editing some of the CEOWORLD Magazine's key reader emails.