Canada's net investment in nonfinancial assets (current LCU) was 17.61 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 623.96% from 2.43 billion in 2014 (21.89% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 17.61 billion | 2024 |
| Five years earlier | 10.56 billion | 2019 |
| Ten years earlier | 2.43 billion | 2014 |
| Highest | 17.61 billion | 2024 |
| Lowest | 2.43 billion | 2014 |
| Average since 2015 | 10.93 billion | 2015–2024 |
| First recorded | 6.02 billion |
What the numbers say
In 2024, Canada's net investment in nonfinancial assets (current LCU) rose 44.7% on 2023 (from 12.17 billion to 17.61 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +14.1% and a typical year strayed about 60% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 236.7% in 2022 and the biggest yearly fall was 72.7% in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 25% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Canada had the 51st highest value of the 90 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Canada in the 2024 ranking
- Nicaragua — 48th of 90: 23.13 billion
- Macao SAR, China — 49th of 90: 18.9 billion
- Tajikistan — 50th of 90: 17.74 billion
- Netherlands — 52nd of 90: 16.87 billion
- North Macedonia — 53rd of 90: 14.43 billion
- New Zealand — 54th of 90: 12.02 billion
What this measures
Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 35 values
| Year | Net investment in nonfinancial assets (current LCU) |
|---|---|
| 2024 | 17,614,000,000 |
| 2023 | 12,171,000,000 |
| 2022 | 12,475,000,000 |
| 2021 | 3,705,000,000 |
| 2020 | 13,500,000,000 |
| 2019 | 10,563,000,000 |
| 2018 | 13,394,000,000 |
| 2017 | 9,848,000,000 |
| 2016 | 9,712,000,000 |
| 2015 | 6,323,000,000 |
Net investment in nonfinancial assets (current LCU) in nearby economies
- United States — 435.61 billion (2024)
More public sector data for Canada
- Arms imports (SIPRI trend indicator values) — 83 million (2025)
- Military expenditure (current USD) — 37.49 billion (2025)
- Military expenditure (current LCU) — 52.4 billion (2025)
- Military expenditure (% of GDP) — 1.63% (2025)
- Arms exports (SIPRI trend indicator values) — 312 million (2025)
- Military expenditure (% of general government expenditure) — 3.69% (2025)
- Net acquisition of financial assets (current LCU) — 121.6 billion (2024)
- Net acquisition of financial assets (% of GDP) — 3.91% (2024)
- Central government debt, total (current LCU) — 1.99 trillion (2024)
- Central government debt, total (% of GDP)
Reading data like this
Questions people ask
- What is Canada's net investment in nonfinancial assets (current LCU)?
- 17.61 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 192.74% from 6.02 billion in 1990 (3.21% a year on average, compounded). The highest value was 17.61 billion in 2024 and the lowest 2.43 billion in 2014.
- How does Canada rank?
- 51st highest of 90 economies with data for 2024.
- Is the latest change in net investment in nonfinancial assets (current LCU) unusual for Canada?
- In 2024, Canada's net investment in nonfinancial assets (current LCU) rose 44.7% on 2023 (from 12.17 billion to 17.61 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +14.1% and a typical year strayed about 60% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.NFN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in