| #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)
Median household income (2022)
Median individual income (2022)
How many free trade agreements does Canada have?
Canada has 15 active free trade agreements, giving it favourable access to the markets of 51 countries. In 2024, the value of Canada’s imports and exports reached $1.5 trillion, of which 85% were exchanged with countries with which Canada has signed free trade agreements.
How much electricity does Canada export to the United States?
Canada’s electricity exports go to just one market, the United States. In 2024, Canada exported 35.6 million megawatt hours of electricity to its southern neighbour, valued at $3.13 billion. That’s enough electricity to power more than 3.3 million homes.
How much crude oil does Canada export to the United States?
In 2023, the United States imported 3.8 million barrels per day from Canada, representing about 60% of the total crude oil it imported that year.
Who are Quebec’s top trade partners?
In 2024, the value of goods Quebec exchanged with its international trade partners totaled almost $226.7 billion. The United States accounted for 55% of Quebec’s international merchandise trade.
Who are Ontario’s top trade partners?
Combining imports and exports, the United States was Ontario’s top trade partner in 2024, with more than $438 billion of goods exchanged.
Who are Canada’s top trade partners?
In 2023, the United States was Canada’s top trade partner with nearly $968 billion of goods and services exchanged between the two nations.