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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.)
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 ...
Rank Name Level of government Total expenditure Per-capita expenditure Fiscal year Source 1 Canada: Federal 338,500,000,000 2018-19 [1]2 Ontario: Provincial
Eastern Province: Province Saudi Arabia: Asia: 460 2021 4.9 94 Arizona: State United States: North America: 459 2022 [4] 7.4 62 Minnesota: State United States: North America: 446 2022 [4] 5.7 78 Lombardy: Administrative Region Italy: Europe: 463 2022 [7] 10.0 46 Gyeonggi Province: Province South Korea: Asia: 438 2022 [15] 13.5 32 Chongqing ...
For the analysis of income, Statistics Canada distinguishes between the following statistical units: Households: "a person or group of persons who occupy the same dwelling" [1]
KPMG calculated the Canadian corporate tax by adding the federal and provincial tax components. The federal component is 15%. Each of the ten provinces and three territories have 2 different tax rates, one which is lower for small businesses which ranges from 0 to 4.5%, and higher for all other corporations, which ranges from 11.5 to 16%. [33]
British Columbia is the third largest Canadian province by population [7] and fourth largest provincial economy. [8] Like other provinces in the Canadian federation, B.C. consists of both private and public institutions.
Ontario's net debt-to-GDP ratio will rise to 40.7% in the year 2019–2020. [4] Ontario is the most populous province of Canada, with a population of approximately 14.19 million permanent residents in 2017. [5] It is Canada's leading manufacturing province, accounting for 46% of the manufacturing GDP in 2017. [6]