UK vs Canada: economic growth, GDP and house prices compared
On IMF figures, the UK's GDP growth rate in 2025 was 1.2%; Canada's was 1.9%. In 2025 the IMF gives $4.01 trillion for the UK's GDP and $2.32 trillion for Canada. OECD figures for 2025 put the UK's house price-to-income ratio at 115.7 (100 = long-term average), lower than Canada's 150.4 (100 = long-term average).
Real GDP growth
On IMF figures, the UK's GDP growth rate in 2025 was 1.2%; Canada's was 1.9%. From 2015 to 2025 the UK's figure was the higher of the two in 5 of 11 years.
| Year | UK | Canada |
|---|---|---|
| 2025 | 1.2% | 1.9% |
| 2024 | 1.1% | 2.0% |
| 2023 | 0.4% | 2.0% |
| 2022 | 5.0% | 4.7% |
| 2021 | 8.5% | 6.0% |
| 2020 | minus 10.0% | minus 5.0% |
| 2019 | 1.4% | 1.9% |
| 2018 | 1.6% | 2.7% |
| 2017 | 3.3% | 3.0% |
| 2016 | 2.2% | 1.0% |
| 2015 | 2.2% | 0.6% |
The IMF's real GDP growth is the percentage change in gross domestic product at constant prices, for a calendar year compared with the year before.
GDP, current prices
In 2025 the IMF gives $4.01 trillion for the UK's GDP and $2.32 trillion for Canada. The UK's figure was higher than Canada's in every year from 2015 to 2025.
| Year | UK | Canada |
|---|---|---|
| 2025 | $4.01 trillion | $2.32 trillion |
| 2024 | $3.71 trillion | $2.27 trillion |
| 2023 | $3.44 trillion | $2.20 trillion |
| 2022 | $3.20 trillion | $2.20 trillion |
| 2021 | $3.21 trillion | $2.02 trillion |
| 2020 | $2.73 trillion | $1.66 trillion |
| 2019 | $2.89 trillion | $1.74 trillion |
| 2018 | $2.91 trillion | $1.73 trillion |
| 2017 | $2.71 trillion | $1.65 trillion |
| 2016 | $2.72 trillion | $1.53 trillion |
| 2015 | $2.95 trillion | $1.56 trillion |
The IMF's GDP in US dollars is the value of all goods and services produced in a country in a calendar year, at that year's prices, converted from the national currency into US dollars at market exchange rates.
Price-to-income ratio, standardised
OECD figures for 2025 put the UK's house price-to-income ratio at 115.7 (100 = long-term average), lower than Canada's 150.4 (100 = long-term average). The UK's figure was not higher than Canada's in any year from 2015 to 2025.
| Year | UK | Canada |
|---|---|---|
| 2025 | 115.7 (100 = long-term average) | 150.4 (100 = long-term average) |
| 2024 | 117.5 (100 = long-term average) | 156.7 (100 = long-term average) |
| 2023 | 123.7 (100 = long-term average) | 158.8 (100 = long-term average) |
| 2022 | 131.9 (100 = long-term average) | 167.5 (100 = long-term average) |
| 2021 | 126.0 (100 = long-term average) | 154.7 (100 = long-term average) |
| 2020 | 121.5 (100 = long-term average) | 138.6 (100 = long-term average) |
| 2019 | 117.7 (100 = long-term average) | 138.2 (100 = long-term average) |
| 2018 | 120.4 (100 = long-term average) | 140.6 (100 = long-term average) |
| 2017 | 120.8 (100 = long-term average) | 137.5 (100 = long-term average) |
| 2016 | 118.1 (100 = long-term average) | 127.7 (100 = long-term average) |
| 2015 | 111.4 (100 = long-term average) | 115.1 (100 = long-term average) |
The OECD divides each country's nominal house price index by nominal net disposable income per head, then shows the result as a percentage of that country's own long-term average, so 100 means house prices relative to incomes are at their long-term average for that country.
More figures for the UK and Canada
| Figure | UK | Canada | Year | Source |
|---|---|---|---|---|
| Inflation, average consumer prices | 3.4% | 2.1% | 2025 | IMF |
| GDP per head, purchasing power parity | $65,758 | $67,054 | 2025 | IMF |
| Unemployment rate | 4.9% | 6.9% | 2025 | IMF |
| General government gross debt | 102.1% of GDP | 113.6% of GDP | 2025 | IMF |
| Life expectancy at birth | 81.4 years | 82.1 years | 2024 | World Bank |
| Total tax revenue | 34.4% of GDP | 34.9% of GDP | 2024 | OECD |
| Current health expenditure | 11.4% of GDP | 11.5% of GDP | 2025 | OECD |
| General government expenditure | 43.5% of GDP | 44.0% of GDP | 2025 | IMF |
| Employment rate, ages 15 to 64 | 75.1% | 74.2% | 2025 | OECD |
| Real minimum wage per hour | $17.13 an hour | $13.15 an hour | 2025 | OECD |
| Core defence expenditure | 2.56% of GDP | 2.13% of GDP | 2026 | NATO |
| Carbon dioxide emissions per person | 4.22 tonnes | 14.01 tonnes | 2024 | World Bank |
| Gross domestic spending on research and development | 2.8% of GDP | 1.9% of GDP | 2023 | OECD |
Each value is for the latest year both the UK and Canada have in that body's data. International bodies adjust national figures so that countries can be compared, so UK values can differ from the ONS's.
Ranked tables with the UK and Canada
- UK GDP growth compared with the G7
- UK GDP compared with other countries
- UK house prices to income compared with other countries
More about Canada: Canada in figures. Compare any two countries with the country comparison tool.
Sources and receipts
- International Monetary Fund: World Economic Outlook database (IMF DataMapper)read 2026-10-14 · SHA-256
5200170b0f19f025…· publisher's page - International Monetary Fund: World Economic Outlook database (IMF DataMapper)read 2026-10-14 · SHA-256
7294ac0b3013e39b…· publisher's page - OECD: Analytical house price indicatorsread 2026-10-14 · SHA-256
1508e2fba50db14f…· publisher's page
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