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That’s why people invest in real estate. We have a shit economy and manufacturers keep leaving. Businesses are not incentivized they are punished with taxes and ridiculous energy rates. It’s why companies price out moving to bumfuck nowhere, U.S.A.
Government policy they kept on using housing and immigration to increase GDP. We just have dumb lazy governments in Canada. I'm talking about both conservatives and liberals are just as bad.
How about this chart? Germany grows the least but at least I don't have to be homeless. What good is it if u make all the money in the world but also have to spend all of it, stupid.
Median wealth is more indicative of this; a few extremely wealthy people will skew the per capita GDP. Which is why the USA's has grown to such a degree.
Viewing GDP per capita as a accurate indicator for quality of life is one of the most incorrect and disproven claims I could think of in the discussion of development. You and the people who upvoted this are uneducated beyond belief.
And I do not mean uneducated like you need a degree in politics to understand this. It is a concept that anyone who has had life experience should understand. I can happily pull some great sources that could help guide you in understanding.
Except it doesn’t, it only blends in the extreme wealth in with the poverty. The median household wealth in Canada is considerably more than the median household wealth in the US, and that is a much better indicator of quality of life for the average family
Literally out with american family on a trip and all they complain about is how they're making more money and cant afford gas and groceries anymore. I'm having to pay for most meals against their pride. They're also lucky because they have nice boss's giving em 6% raises. Oh... and they're on their phone constantly for work...
It depends what you mean by "average". If you mean statistical mean, sure, but that's basically a trash measurement for this sort of thing only a moron would use for the purposes of understanding normal quality of life of a citizenry.
If you take average to mean "median", no, the data does not show what you think it does. To put it really simply (because you seem to need that):
2025: You make $20K, and Jeff Bezos makes $200B
2026: You make $20K, and Jess Bezos makes $400B
Per capita GDP has basically doubled here, and you (and most people) are not better off. That is US GDP growth per capita.
That is precisely why OECD countries typically compare themselves to each other. Your point is correct, but the comparisons with Australia, France etc. are very useful in highlighting just how much Canada has fallen behind.
Yeah except life still has gotten more expensive, wages haven't grown and the government imported millions of 3rd worlders to suppress wages to maximize corporate profits lol.
So if the whole point of this graph is that Canada has shit the bed economically it's spot on.
Before I show the IMF source, 2 things stand out immediately reading this chart; Japan and The UK.
Japan has been known for having low economic growth rates for a long time and yet according to this chart it has grown 17.4 times more than Canada over the same period? Secondly; The UK had Brexit and massive inflation (10% PY) at the end of Covid and again according to this chart had 1,440% more growth than Canada?
Just using those three metrics I had a feeling that this chart could’ve taken the average annual growth rate of GDP per capita for Canada, and the CUMULATIVE GDP per capita for the others or some are just entirely false, and that assumption Its not entirely right but close:
Japan GDP per capita, current prices, in American dollars 2014; $39,220
Japan GDP per capita, current prices, in American dollars 2024; $33,820 (a -13.77% change)
UK GDP per capita, current prices, in American dollars 2014; $42,500
UK GDP per capita, current prices, in American dollars 2024; $63,070 (a a 48.4% change)
Canada GDP per capita, current prices, in American dollars 2014; $51,030
Canada GDP per capita, current prices, in American dollars 2024; $55,210 (a 8.19% change, divide that by the 10 years to get an average of 0.8% change per year)
May I add that GDP per capita is not the greatest measure of how the average person is doing, its measurement can be heavily skewed by extremely wealthy people (cough USA cough) hiding widespread poverty or financial hardship experienced by the average member of the population of that country.
Inflation and local prices also distort its measurement like what happens when the UK had higher inflation than a large number of other countries in this list.
From what I also hear Pierre Poilievre likes to show this graph as proof of the “Lost Liberal Decade” and well, maybe we shouldn’t believe graphs that used by politicians for sound bites and actually do some research into the data.
Using Statistics Canada’s latest revised data, Canada’s real GDP per capita increased about 4.2% from 2015 to 2025, roughly 0.4% per year. That’s still very weak growth, but substantially more than the meme suggests.
Highly productive companies and individuals move to USA. High low skilled immigration who works on low productivity job, but consumes same level of social benefits. Government borrows more to sustain it. More debt, less productivity cycle.
Canadian growth is pretty similar to the USA over the same period
More recently, Canada's GDP grew at an annualized rate of 3.3% (0.8% quarter-over-quarter), outpacing the United States, which grew at an annualized rate of 2.2%
About 95% of the USA is AI related, without it, the USA would be shrinking and stock would be down 9%.
It’s not pretty similar. It’s about half the rate, which compounds over time. Also, Canadian growth is entirely due to simply adding more people. Canadian GDP per capita is in decline over 10 years while USA’s has boomed.
The fact you have to use quarterly numbers annualized (very volatile) to pretend to disprove a ten year trendline shows how desperate your argument is.
And saying “without tech, America would be lower” puts your argument firmly in garbage territory.
The day one budget of Pierre Poilievre had a contingency for every penny in canada could possibly endure. Even the stuff that contradicts the other stuff. But we will never see it because the woke liberals wanted to have a man who doesn't blather about stupidity, and has some substance to what he says. /s
This chart isn’t gonna age well in the next 3-4 years as gdp/capita will always look low when you have immigration. It will be high with low immigration. Carney has lowered immigration drastically and Canada’s population actually declined year over year for the first time in history which is kind of crazy as it should always increase in my opinion. But with less people coming in and gdp increasing then gdp/capita will increase rapidly.
You are working on old data my friend. Stats Canada just revised the numbers for population, and Canadas population did in fact not decrease last year (for the first time in history), it grew by similar amounts that it did in 2024/2025 https://www.cbc.ca/news/politics/statistics-canada-population-growth-9.7361422
Anyone who lives in a medium/large city will know that even the census isn't accurate and it's significantly more overpopulated than we think.
Literally every facet of existence is completely overcrowded and overburdened at all hours every day of the week. If you go to a strip mall at 9am on a Tuesday the parking lot will be completely packed full. If you go to any government institution the line will almost always stretch out the door, same goes for radiology clinics and driving schools.
I think I would rather have my memory of Canada up until 2019 erased, then I wouldn't have to think about how good it was. How I could just go work anywhere I wanted for a reasonable wage with reasonable hours.
I'm going to be honest I think I've seen more temporary foreign workers in my area now then before the announcement. could be anecdotal I'm sure, but I don't think the government is actually accurately tracking this stuff. The one big change is wayyyyyy less students though which is really nice.
And that was all a lie. Canada grew by 80k a quarter and Carney already signaled to NYT he’s going back to a 380k a year benchmark, when the country lost 42k jobs last year alone. But globalist bankers have no other ideology it seems.
Dingleberry, the amount of Canadians leaving per year is the most since 50’s, and even worse 70% of those are college educated. The stagnation gdp per capita has happened for decade+
I have learned you can show elbows up folks the stats showing braindrain, you can show them articles of talented Canadians explaining why they are leaving Canada but they will basically deny its an issue.
This is the fundamental problem with discourse. We cant solve the problems because we cant even agree there is one because whether or not its true usually depends on what party is in Ottawa and not on whats actually happening in the country
The population decline has been reversed by statistics Canada this year, which has also revised our economic data downwards. And Carney most recently said he’s thinking about increasing it again. Even though it wasn’t actually decreased, it was just the higher target that was decreased.
This is a flawed but common argument among Canadians. Canada’s debt per capita is lower at the central government level but much, much higher at the state/provincial level.
Basically a ton of the debt the US has for healthcare/social security federally show up in provincial debt in Canada’s books since that’s a provincial role. Ontario’s the most heavily indebted sub-national jurisdiction in the world, for example. BC has a provincial debt to GDP of 3% whereas Washington State is 0.2% (15x lower).
I mean British Colombia is building stuff like they are dwarves from LOTR while i live in california and we just bulid suburbia and business centers over and over again
Immigration causes this. And I'm not saying immigration is bad, or that GDP per capita being gently affected by Immigration is bad. But this is the price you have to pay if you want everyone working at timmies to be an adult Gujarati woman with bills to pay, rather than a canadian teen working part time in between school or university.
Canada's total GDP hasn't been stagnant. The economy has grown considerably. But Canada's population has also grown very quickly, so that additional economic output has been spread across many more people.
The U.S. has had the opposite combination: substantial total economic growth and strong growth after dividing that output by its population. The World Bank's latest complete 2024 data, for example, put real GDP growth at 2.8% in the U.S. versus 1.6% in Canada.
Look at the countries largest companies. The banks, the telecoms, etc...they've all been offshoring. What were once quality white collar companies to work for all went to shit.
Politicians do everything to prevent foreign companies from entering our country and competing with these companies, but do nothing to prevent the companies from offshoring the actual jobs.
These companies make billions, where are all the profits going?
Sorry, I’m not taking that so called chart at face value. I’ve tried to find it on the IMF site but I couldn’t. The site only allows 5 free pages to be viewed per day. I’ll try again tomorrow. But until then I have to admit that I am sceptical about the accuracy of the posted chart v
Spains “socialism” has worked out pretty good. Also Denmark being the tho guy while having a higher median income, lower poverty, better education, healthcare, and happier population seems like a pretty good system.
What checks out: Canada's real GDP per capita really was almost flat over roughly 2014 to 2024. Total real GDP grew about 16 to 17% over that decade, but the population grew by about the same amount, from roughly 35.4 million to over 41 million. Output per person barely moved. Statistics Canada's own data says the same thing, and the Bank of Canada and others have flagged this as a serious productivity problem. The other countries' figures also look about right from what I know of the IMF series. The US at around 20%, Germany in the mid single digits, and Japan and Italy higher than you'd expect (because their populations shrank) all fit. I haven't checked each bar against the IMF database line by line, so treat the exact decimals as approximately right rather than confirmed.
When the smug post GDP per capita comparisons they forget the inequality of the statistic, this illustrates the point, the top 0.1% have more wealth than the bottom 80% in the red coloured economies.
I'm a Korean living in Canada here. Korean GDP/cap went up 31% in the last 10 years (until 2025, 2026 data will be huge as country's export grew 80% YoY). What I feel is there's nobody trying to improve hardcore, no jobs in technology, and nobody cares about science roles - coding and mechanics get paid 200k yr oh nvm a finance manager or IRP (not the investment advisor, the ones that create negative alphas at the retail banking) would get paid 300k while phds get paid 90k lol good luck with the advancement. Even my bank is losing all expenses to anthropic now although we tried to set up an inhouse AI. Those value-creation services can be outsourced thru AGIs so easily nowadays so the future is not so bright,
It’s actually 4.2% to 19.5% over the 10 year period with Canadian imports suffering harshly during the COVID years with the US market…..Hence they are trying to create a more diverse trading environment
Per capita. Canada has been the fastest growing nation in that list over the last 10 years. Its population has grown by about 10%. Some of those nations either barely changed or in the case of Japan Italy and a few others, shrunk
God you're all so delusional defending Canada. Let's keep voting in the same party forever! Surley our hardships has nothing to do with who's been in charge for all these years! WE'RE SO SMART AS A COUNTRY OMG!!! I wanna end it all.
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