😔 Canada Is One of the Worst Performing OECD Economies Since 2014

Key Takeaways

• Canada saw only 1.1% growth in real GDP per capita between 2014–2024
• It’s the worst performer in this dataset of 37 major economies
• It's second-worst among the 38 OECD economies, after Luxembourg.

🇨🇦 Canadian Conundrum

Canadian economic productivity has nosedived in the last decade. While GDP itself has grown around 17% in real terms, so has its population.

As a result, per capita GDP barely moved between Q3, 2014–2024.

For comparison, real per capita GDP in the G7, EU, and OECD grew 15% over the same period.

🇮🇪 Also, What’s Going on With Ireland?

Ireland's GDP is distorted by profit shifting and the heavy influence of intellectual property assets held by multinational corporations headquartered in the country.

Both factors significantly inflate the GDP relative to actual economic activity (consumption, expenditure, production) within Ireland.

As a result, its per capita GDP is also significantly inflated.