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Canada vs United States — Economic Comparison

🇨🇦

Canada

VS

🇺🇸

United States

110

indicators

10

categories

Compare in

click any row for historical chart

IndicatorCanadaUnited StatesDiff

Real GDP (level)CA$2.5TUS$24.0T$21.6Tchart

Real GDP Growth (QoQ annualized)1.5%1.1%+0.4%chart

Real GDP Growth (YoY)1.4%2.3%0.9%chart

GDP per Capita (PPP)$56,403$77,297$20894chart

Output Gap0.0%-0.8%+0.8%chart

Industrial Production Index107.72.3+105.4chart

Consumer Confidence Index0.20.30.1chart

Business Confidence Index-17.85.223.0chart

Consumer Confidence (MoM)0.150.270.12chart

Composite Leading Indicator101.9100.6+1.3chart

Retail Sales (real, YoY)1.8%0.3%+1.5%chart

Capacity Utilization Rate1.0%1.0%0.0%chart

IndicatorCanadaUnited StatesDiff

CPI All Items (YoY)2.3%2.4%0.1%chart

Core CPI (YoY)2.6%2.5%+0.1%chart

CPI-Trim (BoC preferred)2.4%-11.4%+13.8%chart

Producer Price Index (YoY)7.6%7.9%0.3%chart

Food Price Index—2.9chart

Energy Price Index—-0.3chart

GDP Deflator Index1.321.330.00chart

Inflation Expectations (2yr)4.0%4.2%0.2%chart

Shelter Cost Index189.63.0+186.6chart

Import Price Deflator1.341.16+0.17chart

IndicatorCanadaUnited StatesDiff

Unemployment Rate6.5%4.3%+2.2%chart

Employment Change (QoQ)90.9%-0.1%+91.0%chart

Labour Force Participation Rate70.8%67.1%+3.7%chart

Employment Rate65.6%67.3%1.7%chart

Youth Unemployment Rate (15-24)6.5%4.3%+2.2%chart

Average Hourly Earnings (YoY)4.1%3.8%+0.3%chart

Unit Labour Costs (YoY)1.7%2.8%1.1%chart

Annual Hours Worked per Worker1694 hrs/yr1798 hrs/yr104 hrs/yrchart

Job Vacancy Rate2.8%3.9%1.1%chart

Total Unemployed (level)1.7M7.5M5.8Mchart

Self-Employed (level)2.7M10.5M7.8Mchart

Gender Wage Gap——chart

IndicatorCanadaUnited StatesDiff

General Gov. Gross Debt (% GDP)107.1%128.8%21.6%chart

General Gov. Net Debt (% GDP)8.2%101.6%93.4%chart

Fiscal Balance (% GDP)-1.7%-8.1%+6.5%chart

Primary Balance (% GDP)0.0%-3.8%+3.8%chart

Government Revenue (% GDP)42.6%31.1%+11.4%chart

Government Spending (% GDP)44.2%39.2%+5.0%chart

Net Interest PaymentsCA$55.4BUS$1565.1B$1509.7Bchart

Total Tax Revenue (% GDP)34.5%25.4%+9.1%chart

Combined Corporate Tax Rate26.0%25.6%+0.4%chart

Structural Fiscal Balance (% GDP)——chart

Government Investment (% GDP)22.9%21.3%+1.6%chart

Debt Service (% Revenue)1.7%4.4%2.7%chart

IndicatorCanadaUnited StatesDiff

Central Bank Policy Rate2.25%3.64%1.39%chart

10-Year Government Bond Yield3.23%4.05%0.82%chart

Yield Curve Spread (10y-2y)—4 bpschart

2-Year Government Bond Yield2.45%3.43%0.98%chart

Narrow Money Supply (M1) Growth4.7%4.2%+0.5%chart

Broad Money Supply (M2) Growth4.7%4.3%+0.5%chart

Total Credit to Private Sector (% GDP)—140.9%chart

CAD/USD Exchange Rate (KEI)1.3775—chart

CAD/USD Exchange Rate1.36781.3618+0.0060chart

5-Year Fixed Mortgage Rate4.23%6.09%1.86%chart

Prime Rate4.45%6.75%2.30%chart

Long-Term Interest Rate (OECD)—4.21%chart

Short-Term Interest Rate (OECD)—3.63%chart

IndicatorCanadaUnited StatesDiff

House Price Index3.2201.4198.2chart

House Price-to-Income Ratio129.1126.4+2.7chart

House Price-to-Rent Ratio124.8—chart

Housing Starts (annualized)218K1404K1186Kchart

Building Permits (YoY)0.3%—chart

Household Debt-to-Income Ratio176.2%68.8%+107.4%chart

Total Mortgage DebtCA$2.4TUS$0.0T+$2.4Tchart

Rent Price Index166.22.8+163.4chart

Residential Investment (volume)CA$169.4BUS$820.7B$651.3Bchart

Homeownership Rate65.4%65.7%0.3%chart

Real House Price Index—153.9chart

IndicatorCanadaUnited StatesDiff

Current Account Balance (% GDP)-1.2%-3.9%+2.7%chart

Goods Trade Balance-0.8%-3.1%+2.3%chart

World Export Share2.14%9.79%7.65%chart

Terms of Trade1.11.10.0chart

FDI Inflows (% GDP)—1.0%chart

Export Market Share (world)2.16%11.04%8.88%chart

US Share of Canadian Exports72.1%—chart

International Reserves (USD)$128.1B$240.9B$112.8Bchart

Net International Investment Position (% GDP)——chart

WTI Crude Oil Price$64.53/bbl$64.53/bbl+$0.00/bblchart

Merchandise Imports (YoY)——chart

Merchandise Exports (YoY)——chart

IndicatorCanadaUnited StatesDiff

Labour Productivity Growth (YoY)1.0%1.0%0.0%chart

Labour Productivity Level (USD PPP)$75.4$97.0$21.7chart

Multi-Factor Productivity Growth-0.0%104.7%104.7%chart

R&D Spending (% GDP)1.70%3.59%1.88%chart

Business Investment (volume)CA$262.3BUS$3558.7B$3296.4Bchart

ICT Investment (% GDP)——chart

Patent Applications (per million pop.)226.97676.57449.6chart

New Business Entries47.8K323.0K275.2Kchart

Product Market Regulation Index——chart

Capital Stock per Worker$103$114$11chart

IndicatorCanadaUnited StatesDiff

Credit-to-GDP Gap2.1 pp-12.6 pp+14.7 ppchart

Household Debt (% GDP)—68.0%chart

Corporate Debt (% GDP)114.8%73.0%+41.8%chart

Bank Capital Adequacy Ratio4.7%8.7%3.9%chart

Non-Performing Loans Ratio0.46%0.85%0.39%chart

Household Debt Service Ratio25.0%14.3%+10.7%chart

TSX Index (YoY %)30.2%15.8%+14.4%chart

Financial Stress Index0.03-0.85+0.88chart

IndicatorCanadaUnited StatesDiff

Population42.4M342.5M300.1Mchart

Net Migration (persons)—1,286,132chart

Working-Age Population32.2M256.8M224.7Mchart

Gini Coefficient (after tax)31.10041.80010.700chart

Relative Poverty Rate12.2%18.1%5.9%chart

Life Expectancy at Birth81.6 yrs78.4 yrs+3.3 yrschart

Education Spending (% GDP)4.9%5.4%0.5%chart

Health Spending (% GDP)11.3%16.7%5.4%chart

Tertiary Education Attainment (%)34.7%39.0%4.4%chart

Child Poverty Rate14.0%21.1%7.1%chart