For illustrative purposes, market income (total income less government transfers)[1] per capita from tax returns is included.

In 2019, GDP per capita based on PPP for Canada was 50,725 international dollars. In 2018, the gross domestic product per capita in Canada … GDP per capita is gross domestic product divided by midyear population. © World Economics Limited. All rights reserved. All rights reserved.Terms & Conditions. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

On the other hand, Manitoba, Quebec and The Maritimes have the country's lowest per capita GDP values. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. The average value for Canada during that period was 40629.04 U.S. dollars with a minimum of 30891.62 U.S. dollars in 1992 and a maximum of 49031.38 U.S. dollars in 2019. Variable: Gross domestic product per capita, current prices Note: Expressed in GDP in PPP dollars per person.

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In the face of these long-term regional disparities, the Government of Canada redistributes some of its revenues through unconditional equalization payments and finances the delivery of comparable levels of government services through the Canada Health Transfer and the Canada Social Transfer. (The per capita, rather than per tax filer, measure is chosen for comparability with GDP per capita. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. The GDP per Capita in Canada is equivalent to 408 percent of the world's average. The latest value from 2019 is 49031.38 U.S. dollars.

These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy.

GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. The description is … Figures may not add up precisely due to omission of the statistical discrepancy column and the "Outside Canada" row.