| #CanadaFacts
Economy
Understand how various levels of government across Canada generate revenue and where the money goes. Explore economic levers, including taxes, trade, inflation, immigration, and employment trends, and how they impact Canadians. Dive into our Canada Facts series, where fascinating insights meet reliable data, delivering everything you need to stay informed and captivated about Canada!
Key Indicators
GDP (2023)
$2.38 trillion
Source: Statistics Canada
Median household income (2022)
$70,500
Source: Statistics Canada
Median individual income (2022)
$43,090
Source: Statistics Canada
What is the median income in Canada?
The median income of individuals in Canada rose by $1,440 in 2022, reaching $43,090—an increase of 3% from the previous year.