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Canada vs the United States: Economic Indicators Comparison

The United States with a GDP of $20.5T ranked the 1st largest economy in the world, while Canada ranked 10th with $1.7T. By GDP 5-years average growth and GDP per capita, the United States and Canada ranked 113rd vs 133rd and 11th vs 21st, respectively.

Gross Domestic Product & Income

StatCanadaUnited States
GDP$1.7T$20.5T
GDP growth, 1 year1.8%2.9%
GDP growth, 5-years average1.9%2.4%
Population35.7M325.1M
GDP per capita$46k$63k
GDP per capita growth0.47%2.29%
Purchasing Power Parity conversion factor1.241
Price level ratio of PPP conversion factor GDP to market exchange rate0.961
GDP per capita, PPP adjusted$50k$63k
GNI, Atlas method$1.7T$20.6T
GNI per capita$45k$63k
GNI, PPP adjusted$1.8T$20.8T
GNI per capita, PPP adjusted$48k$64k

Financial system and Human development

StatCanadaUnited States
Income Tax Rate33%37%
Corporate Tax Rate15%21%
Inflation, consumer prices0.9%2.4%
Inflation, GDP deflator1.9%2.4%
Unemployment5.9%3.9%
Economic Freedom Index78.276.6
Personal Freedom Index9.268.55
Human Freedom Index8.698.39
Property Rights Index87.781.8
Judical Effectiveness Index72.783.7
Business Freedom Index81.783.3
Fiscal Health Index83.354.3
Labor Freedom Index7287.9
Investment Freedom Index8085
Financial Freedom Index8080
Trade Freedom Index8779.8
Monetary Freedom Index7675.5
Government Spending Index50.956.5
Tax Burden Index76.574.6
Government Integrity Index90.377.2
Corruption Perceptions Index8171
Life expectancy at birth, years82.278.5
Suicide mortality rate, per 100,000 people12.515.3
Mortality caused by road traffic injury, per 100,000 people5.812.4
Intentional homicides, per 100,000 people1.85.3
International tourism, number of arrivals21.1M79.7M

Government debt & reserves

StatCanadaUnited States
Central government debt, % of GDP90.6%105.8%
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%6.1%
Gross savings, % of GDP19.7%18.6%
Gross capital formation, % of GDP23.1%21%
Total reserves including gold$83.9B$449.9B
Foreign direct investment net inflows$46.5B$258.4B

Exports, imports and economic structure

StatCanadaUnited States
Exports of goods and services, % of GDP32.1%12.2%
Imports of goods and services, % of GDP34.1%15.3%
Current account balance (balance of payments)-$45.3B-$491B
Revenue excluding grants, % of GDP18.1%17.2%
Grants excluding technical cooperation, BoPN/AN/A
Personal remittances received$1.4B$6.7B
Industry including construction value added, % of GDP24.8%18.2%
Agriculture, forestry and fishing value added, % of GDP1.7%0.9%
Charges for the use of intellectual property, payments BoP$11.8B$56.1B
Charges for the use of intellectual property, receipts BoP$4.8B$128.7B
Expense, % of GDP17.3%22.4%
Government Expenditure, % of GDP40.5%38.1%

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
2.17M
Singapore
$65k
5.89M
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
Germany
$48k
83M
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

United States vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
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
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
Germany
$48k
83M
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