Demographics of Canada - Statistics & Facts
A diversified economy that still heavily relies on oil and raw materials
With one of the largest economies in the world, Canada is among the 20 countries with the highest GDP worldwide: it amounted to more than two trillion US dollars in 2022. It is also a country with one of the highest per capita income rates in the world. Canada is extremely rich in natural resources such as minerals, oil, natural gas, and forests, and is a major exporter of uranium, nickel, and zinc. However, its economy is highly dependent on the exploitation of natural resources, particularly oil, which accounts for a significant portion of GDP. Although this dependence is slowly fading, industry in general provides many jobs, although the economy is gradually becoming more service-oriented.Population growth on the rise
The country continues to experience population growth, mainly due to immigration, which has long been one of the main factors of its demographic development: between 2021 and 2022, there were around 700,000 more inhabitants in the country, of which more than 492,000 arrived through immigration.The annual population growth rate stood at 1.82 percent in 2022, an increase compared to the previous year, with the COVID-19 pandemic that led to the closure of borders being a factor in this slowdown. This rate is still higher than in the United States, as the birth rate is higher in the U.S. and immigration is stronger in Canada.