Gross Domestic Product of Canada - Statistics & Facts
The GDP per capita in 2022 was 55,522 U.S. dollars. The GDP growth of Canada has been fluctuating since 2000, and reached 3.82 percent in 2022. The country's major export partners include the United States, European Union, China, and Japan. Additionally, Canada is a part of the North American Free Trade Agreement, which was created to eliminate tax barriers to agricultural and manufacturing services in order to get rid of investment restrictions.
Tourism added about 35.25 billion Canadian dollars to the country’s economy in 2023, which - with the exception of 2020 - has been steadily increasing since 2000. Major tourist attractions that contribute to the Canadian GDP include Niagara Falls, Banff National Park, and Athabasca Falls. The Canadian transportation tourism industry added about seven billion Canadian dollars to the Canadian GDP in 2023. Canadian tourism expenditures have increased significantly since 2000, as a result of the growing tourism industry. However, the foreign tourism expenditures have only slightly increased over the past couple years. Both their domestic and foreign tourism industry is large, because of their diverse landscape which ranges from mountains to beaches.