Canada vs India: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Canada ranked 10th with $1.7T. By GDP 5-years average growth and GDP per capita, India and Canada ranked 6th vs 133rd and 150th vs 21st, respectively.

Gross Domestic Product & Income

StatCanadaIndia
GDP$1.7T$2.7T
GDP growth, 1 year1.8%7.1%
GDP growth, 5-years average1.9%7.6%
Population37.9M1.3B
GDP per capita$46k$2k
GDP per capita growth0.47%5.71%
Purchasing Power Parity conversion factor1.2418.1
Price level ratio of PPP conversion factor GDP to market exchange rate0.960.26
GDP per capita, PPP adjusted$50k$7.9k
GNI, Atlas method$1.7T$2.7T
GNI per capita$45k$2k
GNI, PPP adjusted$1.8T$10.4T
GNI per capita, PPP adjusted$48k$7.7k

Financial system and Human development

StatCanadaIndia
Income Tax Rate33%30.9%
Corporate Tax Rate15%32.4%
Inflation, consumer prices0.9%3.5%
Inflation, GDP deflator1.9%4.1%
Unemployment5.9%2.6%
Economic Freedom Index78.256.5
Personal Freedom Index9.266.96
Human Freedom Index8.696.8
Property Rights Index87.763
Judical Effectiveness Index72.764.1
Business Freedom Index81.765.6
Fiscal Health Index83.313.1
Labor Freedom Index7241.2
Investment Freedom Index8040
Financial Freedom Index8040
Trade Freedom Index8773.4
Monetary Freedom Index7673
Government Spending Index50.977.9
Tax Burden Index76.579.4
Government Integrity Index90.347.2
Corruption Perceptions Index8141
Life expectancy at birth, years82.269.2
Suicide mortality rate, per 100,000 people12.516.3
Mortality caused by road traffic injury, per 100,000 people5.822.6
Intentional homicides, per 100,000 people1.83.2
International tourism, number of arrivals21.1M17.4M

Government debt & reserves

StatCanadaIndia
Central government debt, % of GDP90.6%69.8%
External debt stocks, % of GNIN/A19.3%
External debt stocksN/A$521.4B
Short-term debt, % of total reservesN/A26.1%
Total debt service, % of exports and primary incomeN/A11.4%
Adjusted net savings including particulate emission damage, % of GNI6.5%16.3%
Gross savings, % of GDP19.7%30.9%
Gross capital formation, % of GDP23.1%31.3%
Total reserves including gold$83.9B$399.2B
Foreign direct investment net inflows$46.5B$42.1B

Exports, imports and economic structure

StatCanadaIndia
Exports of goods and services, % of GDP32.1%19.7%
Imports of goods and services, % of GDP34.1%23.6%
Current account balance (balance of payments)-$45.3B-$65.6B
Revenue excluding grants, % of GDP18.1%12.9%
Grants excluding technical cooperation, BoPN/A$689.4M
Personal remittances received$1.4B$78.8B
Industry including construction value added, % of GDP24.8%26.7%
Agriculture, forestry and fishing value added, % of GDP1.7%14.6%
Charges for the use of intellectual property, payments BoP$11.8B$7.9B
Charges for the use of intellectual property, receipts BoP$4.8B$784.9M
Expense, % of GDP17.3%14.9%
Government Expenditure, % of GDP40.5%27.1%

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
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M

India vs

CountryGDP
per capita
Population
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M