GDP deflator (base year varies by country), annual growth rate in Canada

Canada: GDP deflator (base year varies by country), annual growth rate was 3.04 % change on previous year in 2024. ◆ Volatile

Latest (2024)
3.04 % change on previous year
Change on year
up 123.6%
World rank
133rd
of 211 countries
All-time high
15.57 % change on previous year
in 1974
All-time low
-2.32 % change on previous year
in 2009
Years of data
54
1971–2024

GDP deflator (base year varies by country), annual growth rate in Canada, 1971–2024

051015197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

In 2024, gdp deflator (base year varies by country), annual growth rate in Canada stood at 3.04 % change on previous year.

The figure is up 123.6% on the previous year and up 56.4% over ten years.

Over the whole period, gdp deflator (base year varies by country), annual growth rate in Canada peaked at 15.57 % change on previous year in 1974 and was at its lowest, -2.32 % change on previous year, in 2009.

Canada ranks 133rd of 211 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

GDP deflator (base year varies by country), annual growth rate in Canada, year by year

Annual values for GDP deflator (base year varies by country), annual growth rate in Canada, 1971 to 2024.
Year % change on previous year Change
1971 4.93 % change on previous year
1972 5.83 % change on previous year +18.1%
1973 9.93 % change on previous year +70.4%
1974 15.57 % change on previous year +56.8%
1975 11 % change on previous year -29.4%
1976 8.78 % change on previous year -20.1%
1977 6.72 % change on previous year -23.5%
1978 6.83 % change on previous year +1.6%
1979 10.07 % change on previous year +47.5%
1980 10.06 % change on previous year -0.1%
1981 10.87 % change on previous year +8.1%
1982 8.83 % change on previous year -18.8%
1983 5.82 % change on previous year -34.0%
1984 3.55 % change on previous year -39.1%
1985 3.34 % change on previous year -5.8%
1986 3.13 % change on previous year -6.2%
1987 4.79 % change on previous year +53.0%
1988 4.54 % change on previous year -5.3%
1989 4.68 % change on previous year +3.1%
1990 3.35 % change on previous year -28.4%
1991 3.06 % change on previous year -8.8%
1992 1.47 % change on previous year -51.9%
1993 1.29 % change on previous year -12.3%
1994 1.46 % change on previous year +12.9%
1995 2.26 % change on previous year +55.5%
1996 1.68 % change on previous year -26.0%
1997 1.14 % change on previous year -31.7%
1998 -0.1762 % change on previous year -115.4%
1999 1.92 % change on previous year -1191.6%
2000 4.37 % change on previous year +127.4%
2001 1.57 % change on previous year -64.0%
2002 1.26 % change on previous year -20.1%
2003 3.25 % change on previous year +158.4%
2004 3.26 % change on previous year +0.3%
2005 3.12 % change on previous year -4.4%
2006 2.57 % change on previous year -17.5%
2007 3.3 % change on previous year +28.4%
2008 4 % change on previous year +21.1%
2009 -2.32 % change on previous year -158.2%
2010 2.85 % change on previous year -222.5%
2011 3.24 % change on previous year +13.9%
2012 1.22 % change on previous year -62.4%
2013 1.74 % change on previous year +42.9%
2014 1.94 % change on previous year +11.5%
2015 -0.8677 % change on previous year -144.7%
2016 0.7169 % change on previous year -182.6%
2017 2.57 % change on previous year +258.6%
2018 1.65 % change on previous year -35.8%
2019 1.55 % change on previous year -6.4%
2020 1.07 % change on previous year -30.7%
2021 7.79 % change on previous year +627.0%
2022 7.91 % change on previous year +1.6%
2023 1.36 % change on previous year -82.8%
2024 3.04 % change on previous year +123.6%

Averages by decade

DecadeAverage LowestHighest Years
1970s 8.85 % change on previous year 4.93 % change on previous year 15.57 % change on previous year 9
1980s 5.96 % change on previous year 3.13 % change on previous year 10.87 % change on previous year 10
1990s 1.75 % change on previous year -0.1762 % change on previous year 3.35 % change on previous year 10
2000s 2.44 % change on previous year -2.32 % change on previous year 4.37 % change on previous year 10
2010s 1.66 % change on previous year -0.8677 % change on previous year 3.24 % change on previous year 10
2020s 4.23 % change on previous year 1.07 % change on previous year 7.91 % change on previous year 5

Countries ranked near Canada

  1. 130 Slovenia 3.08 % change on previous year compare
  2. 131 Tanzania, United Republic of 3.06 % change on previous year compare
  3. 132 Austria 3.05 % change on previous year compare
  4. 134 Sint Maarten (Dutch part) 2.99 % change on previous year compare
  5. 135 Spain 2.98 % change on previous year compare
  6. 136 Puerto Rico 2.98 % change on previous year compare

See the full ranking of 211 places →

More population data for Canada

All data for Canada →

Frequently asked questions

What is gdp deflator (base year varies by country), annual growth rate in Canada?
Gdp deflator (base year varies by country), annual growth rate in Canada was 3.04 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gdp deflator (base year varies by country), annual growth rate recorded in Canada?
The highest recorded value was 15.57 % change on previous year in 1974.
What is the lowest gdp deflator (base year varies by country), annual growth rate recorded in Canada?
The lowest recorded value was -2.32 % change on previous year in 2009.
How does Canada rank for gdp deflator (base year varies by country), annual growth rate?
Canada ranks 133rd out of 211 countries with data for 2024.
Is gdp deflator (base year varies by country), annual growth rate rising or falling in Canada?
Over the last ten years it is up 56.4%. The long-run trend across the full record is volatile.
Where does this Canada data come from?
The figures come from Statizoid (derived), published as part of GDP deflator (base year varies by country), annual growth rate. Statizoid updates them automatically from the source API.

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GDP deflator (base year varies by country), annual growth rate in Canada. Statizoid, drawing on Statizoid (derived). Retrieved 29 August 2026, from https://population.statizoid.com/stat/gdp-deflator-base-year-varies-by-country-annual-growth-rate/canada/

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How this figure is calculated

The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
GDP deflator (base year varies by country), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 9,847 data points, 1971–2024
Last refreshed

The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.