Canada's revenue, excluding grants (current LCU) was 619.57 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 82.92% from 338.72 billion in 2014 (6.22% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 619.57 billion | 2024 |
| Five years earlier | 422.86 billion | 2019 |
| Ten years earlier | 338.72 billion | 2014 |
| Highest | 619.57 billion | 2024 |
| Lowest | 136.97 billion | 1990 |
| Average since 2015 | 460.76 billion | 2015–2024 |
| First recorded | 136.97 billion |
What the numbers say
In 2024, Canada's revenue, excluding grants (current LCU) rose 6.6% on 2023 (from 581.4 billion to 619.57 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +4.8% and a typical year strayed about 4.4% from that (the standard deviation). This year's change was 0.4 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 19.4% in 2021 and the biggest yearly fall was 5.1% in 2009. 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 the straight-line trend is upward, about 30.07 billion a year. A straight line explains 93% of the movement over 10 observed years.
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 42nd highest value of the 91 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
What this measures
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. 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 | Revenue, excluding grants (current LCU) |
|---|---|
| 2024 | 619,569,000,000 |
| 2023 | 581,396,000,000 |
| 2022 | 541,447,000,000 |
| 2021 | 503,673,000,000 |
| 2020 | 421,682,000,000 |
| 2019 | 422,864,000,000 |
| 2018 | 414,252,000,000 |
| 2017 | 385,539,000,000 |
| 2016 | 361,863,000,000 |
| 2015 | 355,312,000,000 |
Revenue, excluding grants (current LCU) in nearby economies
- United States — 5.21 trillion (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 revenue, excluding grants (current LCU)?
- 619.57 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 352.33% from 136.97 billion in 1990 (4.54% a year on average, compounded). The highest value was 619.57 billion in 2024 and the lowest 136.97 billion in 1990.
- How does Canada rank?
- 42nd highest of 91 economies with data for 2024.
- Is the latest change in revenue, excluding grants (current LCU) unusual for Canada?
- In 2024, Canada's revenue, excluding grants (current LCU) rose 6.6% on 2023 (from 581.4 billion to 619.57 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +4.8% and a typical year strayed about 4.4% from that (the standard deviation). This year's change was 0.4 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.REV.XGRT.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.
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