Economy
Canada Lags the US When It Comes to Productivity š¢
![Canada Lags the US When It Comes to Productivity š¢](/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2Fvoronoi-Canada-Lags-the-US-When-It-Comes-to-Productivity--20240510131257.webp&w=3840&q=75)
What weāre showing
GDP per capita for the US, Canada, and OECD (average).
Key takeaways
- GDP per capita roughly represents the amount of goods and services available per person.
- The US has demonstrated stable growth, with a brief dip during the COVID-19 pandemic.
- Canada is struggling to keep up, even showing a decline in several years.
Context
One reason for Canadaās weaker performance is its lackluster R&D spending, which represented 1.7% of GDP in 2021. This is significantly lower than Americaās share of 3.4%.
In fact, the OECD believes that Canada will be the worst performing advanced economy for the rest of this decade, and even possibly to 2060.
Dataset
Year | Canada | US | OECD Average |
---|---|---|---|
1960 | 2259 | 3007 | 1330 |
1961 | 2240 | 3067 | 1390 |
1962 | 2269 | 3244 | 1479 |
1963 | 2374 | 3375 | 1572 |
1964 | 2555 | 3574 | 1695 |
1965 | 2770 | 3828 | 1816 |
1966 | 3047 | 4146 | 1968 |
1967 | 3217 | 4336 | 2088 |
1968 | 3463 | 4696 | 2238 |
1969 | 3764 | 5032 | 2433 |
1970 | 4136 | 5234 | 2623 |
1971 | 4535 | 5609 | 2867 |
1972 | 5107 | 6094 | 3288 |
1973 | 5858 | 6726 | 3928 |
1974 | 7057 | 7226 | 4354 |
1975 | 7537 | 7801 | 4830 |
1976 | 8839 | 8592 | 5188 |
1977 | 8949 | 9453 | 5797 |
1978 | 9155 | 10565 | 6897 |
1979 | 10077 | 11674 | 7889 |
1980 | 11208 | 12575 | 8686 |
1981 | 12379 | 13976 | 8763 |
1982 | 12527 | 14434 | 8559 |
1983 | 13477 | 15544 | 8767 |
1984 | 13931 | 17121 | 9098 |
1985 | 14170 | 18237 | 9509 |
1986 | 14521 | 19071 | 11428 |
1987 | 16378 | 20039 | 13132 |
1988 | 19013 | 21417 | 14686 |
1989 | 20795 | 22857 | 15242 |
1990 | 21526 | 23889 | 17020 |
1991 | 21846 | 24342 | 17838 |
1992 | 20950 | 25419 | 19002 |
1993 | 20187 | 26387 | 19089 |
1994 | 19998 | 27695 | 20310 |
1995 | 20679 | 28691 | 22209 |
1996 | 21297 | 29968 | 22220 |
1997 | 21902 | 31459 | 21711 |
1998 | 21025 | 32854 | 21768 |
1999 | 22315 | 34515 | 22695 |
2000 | 24271 | 36330 | 23026 |
2001 | 23821 | 37134 | 22638 |
2002 | 24255 | 37998 | 23443 |
2003 | 28300 | 39490 | 26031 |
2004 | 32144 | 41725 | 28769 |
2005 | 36383 | 44123 | 30197 |
2006 | 40504 | 46302 | 31622 |
2007 | 44660 | 48050 | 34358 |
2008 | 46711 | 48570 | 36207 |
2009 | 40876 | 47195 | 33636 |
2010 | 47562 | 48651 | 35055 |
2011 | 52224 | 50066 | 37513 |
2012 | 52669 | 51784 | 37241 |
2013 | 52635 | 53291 | 37494 |
2014 | 50956 | 55124 | 38004 |
2015 | 43596 | 56763 | 35601 |
2016 | 42316 | 57867 | 36051 |
2017 | 45129 | 59908 | 37406 |
2018 | 46548 | 62823 | 39353 |
2019 | 46374 | 65120 | 39531 |
2020 | 43350 | 63529 | 38341 |
2021 | 52359 | 70219 | 42522 |
2022 | 54966 | 76399 | 43261 |
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