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Posted on September 04 2018

Canada GDP per capita Growth Trends: 2018 -2022

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By  Editor
Updated May 10 2023

Canada GDP per capita Growth Trends

The Canada GDP - Gross Domestic Product per capita was roughly 42, 418.5 US$ in 2016.  It has increased to 48, 466.33 US$ in 2018. Canada is perceived as one of the leading nations globally specifically due to its strong economy. It is also acknowledged for the strong international ties, especially with the US.

Canada and the US have economic, social, and political similarities. This further accentuates this relationship. Canada and the US was and remains each other’s most important and primary trade partners.

The statistics below show Canada GDP per capita Growth Trends from 2018 till 2022:

Year Canada GDP per capita in US $
2018 48, 466.33
2019 50, 940.75
2020 53, 650.76
2021 56, 468.38
2022 59, 488.3

Canada had one of the largest Gross Domestic Products per capita values globally in 2014. This value has only increased after 2010. The nation had although witnessed a marginal downturn owing to the 2008 financial crisis, as quoted by the Statista.

The economy of Canada is partially supported by its exports. The most crucial amongst the exports is the crude oil that was the nation’s largest exports type. The country was also amongst the leading oil exporters globally in 2013 and exported more than the US.

In addition, Canada was also a major goods exporter for mechanical appliances and motor vehicles. This subsequently raked the nation as one of the top exporting nations globally in 2013.

Y-Axis offers a wide range of Visa and Immigration products as well as services for aspiring overseas students including Student Visa for Canada, Work Visa for Canada, Canada Migrant Ready Professional Services for Express Entry Full ServiceCanada Migrant Ready Professional Services for Express Entry PR Application,  Canada Migrant Ready Professional Services for Provinces, and Education Credential Assessment. We work with Regulated Immigration Consultants in Canada.

If you are looking to Study, Work, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Consultants.

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Canada GDP

Canada GDP Growth Trends

Economy of Canada

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