Canada’s 2024 Real GDP Growth Contributions

Statistics Canada released estimates of contributions to Canada’s annual real, expenditure‑based gross domestic product for 2020‑2024. The 2024 estimate shows a 2.046 % increase in real GDP, driven by a 2.155 % rise in final domestic demand. Final consumption expenditure contributed 1.996 % in 2023 and 1.166 % in 2024, with services accounting for 0.857 % of the 2024 growth and goods for 0.056 %. Gross fixed capital formation added 0.159 % in 2024, up from 0.487 % in 2023, while net exports contributed 0.317 % in 2024 compared to 1.953 % in 2023. Household final consumption grew 1.166 % in 2024, while goods and services grew 0.309 % and 0.857 % respectively. These figures are based on Table 36‑10‑0128‑01 from Statistics Canada, released 28 November 2025.

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