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Canada vs Germany: Economic Indicators Comparison

Germany with a GDP of $3.9T ranked the 4th largest economy in the world, while Canada ranked 10th with $1.7T. By GDP 5-years average growth and GDP per capita, Germany and Canada ranked 136th vs 133rd and 19th vs 21st, respectively.

Gross Domestic Product & Income

StatCanadaGermany
GDP$1.7T$3.9T
GDP growth, 1 year1.8%1.5%
GDP growth, 5-years average1.9%1.9%
Population35.7M83M
GDP per capita$46k$48k
GDP per capita growth0.47%1.2%
Purchasing Power Parity conversion factor1.240.76
Price level ratio of PPP conversion factor GDP to market exchange rate0.960.9
GDP per capita, PPP adjusted$50k$53k
GNI, Atlas method$1.7T$3.9T
GNI per capita$45k$47k
GNI, PPP adjusted$1.8T$4.5T
GNI per capita, PPP adjusted$48k$55k

Financial system and Human development

StatCanadaGermany
Income Tax Rate33%47.5%
Corporate Tax Rate15%15.8%
Inflation, consumer prices0.9%1.9%
Inflation, GDP deflator1.9%1.5%
Unemployment5.9%3.4%
Economic Freedom Index78.273.5
Personal Freedom Index9.269.14
Human Freedom Index8.698.42
Property Rights Index87.780.5
Judical Effectiveness Index72.774.3
Business Freedom Index81.782.8
Fiscal Health Index83.392.9
Labor Freedom Index7253
Investment Freedom Index8080
Financial Freedom Index8070
Trade Freedom Index8786.4
Monetary Freedom Index7676.7
Government Spending Index50.942.2
Tax Burden Index76.560.9
Government Integrity Index90.382.8
Corruption Perceptions Index8180
Life expectancy at birth, years82.281
Suicide mortality rate, per 100,000 people12.513.6
Mortality caused by road traffic injury, per 100,000 people5.84.1
Intentional homicides, per 100,000 people1.81
International tourism, number of arrivals21.1M38.9M

Government debt & reserves

StatCanadaGermany
Central government debt, % of GDP90.6%59.8%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI6.5%14.1%
Gross savings, % of GDP19.7%29.3%
Gross capital formation, % of GDP23.1%21.8%
Total reserves including gold$83.9B$198B
Foreign direct investment net inflows$46.5B$105.3B

Exports, imports and economic structure

StatCanadaGermany
Exports of goods and services, % of GDP32.1%47.4%
Imports of goods and services, % of GDP34.1%41.3%
Current account balance (balance of payments)-$45.3B$289.9B
Revenue excluding grants, % of GDP18.1%28.5%
Grants excluding technical cooperation, BoPN/AN/A
Personal remittances received$1.4B$18B
Industry including construction value added, % of GDP24.8%27.5%
Agriculture, forestry and fishing value added, % of GDP1.7%0.8%
Charges for the use of intellectual property, payments BoP$11.8B$15.6B
Charges for the use of intellectual property, receipts BoP$4.8B$24.4B
Expense, % of GDP17.3%28.2%
Government Expenditure, % of GDP40.5%43.9%

Compare with countries close by GDP per capita

Canada vs

CountryGDP
per capita
Population
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Belgium
$48k
11.2M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
South Korea
$31k
51.1M
Spain
$30k
46.5M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M

Germany vs

CountryGDP
per capita
Population
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Belgium
$48k
11.2M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
South Korea
$31k
51.1M
Spain
$30k
46.5M
Malta
$30k
423k