Goods and services expense in Canada
Canada: Goods and services expense was 43.95 billion current LCU in 2024. ▲ Rising
Goods and services expense in Canada, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Canada is 43.95 billion current LCU, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 5.6% on the previous year and up 88.5% over ten years.
Over the whole period, goods and services expense in Canada peaked at 43.95 billion current LCU in 2024 and was at its lowest, 12.50 billion current LCU, in 1991.
Canada ranks 73rd of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.39 billion current LCU | 12.50 billion current LCU | 14.27 billion current LCU | 10 |
| 2000s | 18.84 billion current LCU | 15.33 billion current LCU | 21.29 billion current LCU | 10 |
| 2010s | 25.52 billion current LCU | 22.44 billion current LCU | 29.81 billion current LCU | 10 |
| 2020s | 38.64 billion current LCU | 29.93 billion current LCU | 43.95 billion current LCU | 5 |
Countries ranked near Canada
- 70 Kyrgyzstan 53.87 billion current LCU compare
- 71 Central African Republic 51.58 billion current LCU compare
- 72 Nepal 50.39 billion current LCU compare
- 74 Peru 39.31 billion current LCU compare
- 75 Malaysia 37.67 billion current LCU compare
- 76 Mozambique 36.79 billion current LCU compare
More public sector data for Canada
- Arms imports 149.00 million SIPRI trend indicator values (2024)
- Tax revenue 13.7% (2024)
- Taxes on income, profits and capital gains 53.9% (2024)
- Taxes on goods and services 13.8% (2024)
- Net investment in nonfinancial assets 0.6% (2024)
- Net lending (+) / net borrowing (-) -1.2% (2024)
- Interest payments 8.4% (2024)
- Grants and other revenue 7.9% (2024)
- Interest payments 7.6% (2023)
- Compensation of employees 10.2% (2023)
Frequently asked questions
- What is goods and services expense in Canada?
- Goods and services expense in Canada was 43.95 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Canada?
- The highest recorded value was 43.95 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Canada?
- The lowest recorded value was 12.50 billion current LCU in 1991.
- How does Canada rank for goods and services expense?
- Canada ranks 73rd out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Canada?
- Over the last ten years it is up 88.5%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.