Canada Real GDP per Person

## What this measures

Canada's real GDP (canada.gdp.quarterly, annual rate) divided by its population (the average of the population at the start and end of the quarter, or the start when the end is not yet published).

## Why it matters

It is the closest single measure of living standards. The Bank of Canada and many economists have pointed to falling GDP per person since 2022: the economy grew, but more slowly than the number of people sharing it.

## How to read it

Read the 12-month change (canada.gdp.per_capita.yoy). Compare with the U.S. (fred_real_gdp_per_capita) on growth rates, not levels: the two are in different currencies and base years.

## What it does not say

It is an average, not a measure of how income is shared, and it is not adjusted for differences in prices between countries.

## Source

Statistics Canada, table 36-10-0104-01 and 17-10-0009-01 (vector v62305752), "Gross domestic product at market prices, chained (2017) dollars, seasonally adjusted at annual rates ÷ population estimates, quarterly". Palanor pulls it from Statistics Canada's Web Data Service every day and rewrites recent periods so revisions carry through.

Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product. Statistics Canada Open Licence.