Services, value added in Canada
Canada: Services, value added was 1.41 trillion current US$ in 2022. ▲ Rising
Services, value added in Canada, 1997–2022
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in Canada is 1.41 trillion current US$, measured in 2022. That is the highest value across all 26 years on record.
The figure is up 5.5% on the previous year and up 19.0% over ten years.
Over the whole period, services, value added in Canada peaked at 1.41 trillion current US$ in 2022 and was at its lowest, 401.13 billion current US$, in 1998.
That places Canada 10th out of 205 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 411.04 billion current US$ | 401.13 billion current US$ | 422.25 billion current US$ | 3 |
| 2000s | 694.58 billion current US$ | 454.35 billion current US$ | 969.54 billion current US$ | 10 |
| 2010s | 1.13 trillion current US$ | 1.03 trillion current US$ | 1.20 trillion current US$ | 10 |
| 2020s | 1.30 trillion current US$ | 1.15 trillion current US$ | 1.41 trillion current US$ | 3 |
Countries ranked near Canada
More economy & growth data for Canada
- DEC alternative conversion factor 1.4 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.38 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.56 billion current US$ (2025)
- Taxes less subsidies on products 202.56 billion current LCU (2025)
- Taxes less subsidies on products 144.88 billion current US$ (2025)
- Net primary income (Net income from abroad) -43.38 billion current LCU (2025)
- Net primary income (Net income from abroad) -31.03 billion current US$ (2025)
- GNI per capita 77,957 current LCU (2025)
- GNI per capita, Atlas method 56,420 current US$ (2025)
- GNI 3.25 trillion current LCU (2025)
Frequently asked questions
- What is services, value added in Canada?
- Services, value added in Canada was 1.41 trillion current US$ in 2022, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Canada?
- The highest recorded value was 1.41 trillion current US$ in 2022.
- What is the lowest services, value added recorded in Canada?
- The lowest recorded value was 401.13 billion current US$ in 1998.
- How does Canada rank for services, value added?
- Canada ranks 10th out of 205 countries with data for 2022.
- Is services, value added rising or falling in Canada?
- Over the last ten years it is up 19.0%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.