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Canada GDP Deflator

Inflation as measured by annual growth rate of GDP implicit deflator  NY.GDP.DEFL.KD.ZG

3.55% +0.43pp (+13.8%)
Year 2025 Rank #149 Global Peak 15.57% (1974) Source World Bank

Canada GDP Deflator (1961–2025)

Overview

Canada's gdp deflator stood at 3.55% in 2025, a rise of +0.43pp from 2024. Based on recent trends, this figure is projected to reach 3.55% by 2025. Canada ranked 149th globally.

Data & projection

Year GDP Deflator YoY change Rank
2027* trend 3.08% - -
2026* trend 3.32% - -
2025* trend 3.55% - -
2025 3.55% +0.43pp #149
2024 3.12% +1.76pp #77
2023 1.36% −6.55pp #35
2022 7.91% +0.12pp #110
2021 7.79% +6.71pp #145
2020 1.07% −0.48pp #78
2019 1.55% −0.11pp #82
2018 1.65% −0.92pp #61
2017 2.57% +1.85pp #96
2016 0.72% +1.58pp #59
2015 -0.87% −2.81pp #33
2014 1.94% +0.20pp #104
2013 1.74% +0.52pp #89
2012 1.22% −2.03pp #41
2011 3.24% +0.40pp #75
Show all years (1961-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +17.2% GDP growth 2.0% C/A balance 0.8%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Canada matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp deflator improve within 24 months. View full analysis →

Frequently Asked Questions

What is Canada's gdp deflator?

Canada's gdp deflator was 3.55% in 2025. Ranked 149th globally. This represents a 13.8% increase from the previous year.

What was the highest gdp deflator in Canada?

Canada's gdp deflator peaked at 15.57% in 1974.

What was the lowest gdp deflator in Canada?

The lowest gdp deflator in Canada was -2.32% in 2009.

How does Canada rank in gdp deflator?

Canada ranks 149th globally in gdp deflator as of 2025.

What is the World Bank indicator code for gdp deflator?

The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.

What is the projected gdp deflator of Canada in 2025?

Canada's gdp deflator is projected to reach 3.55% by 2025 based on trend extrapolation.

What is the gdp deflator of Canada in 2025?

The gdp deflator of Canada in 2025 was 3.55%. This ranks 149th in the world.

Cite this page

APA
Canada GDP Deflator. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/canada/gdp-deflator
BibTeX
@misc{historysaid_canada_gdp-deflator, title = {Canada GDP Deflator}, url = {https://historysaid.com/canada/gdp-deflator}, publisher = {HistorySaid}, year = {2026} }