Canada Forecast: Unemployment Rate
1980 - 2029 | Yearly | % | International Monetary Fund
Key information about Canada Unemployment Rate Forecast
- Canada Unemployment Rate is forecasted to be 6.323 % in Dec 2024 as reported by International Monetary Fund
- It records a decrease from the last reported number of 5.408 % in Dec 2023
- Looking ahead, Canada Unemployment Rate is projected to stand at 5.959 % in Dec 2029
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate
View Canada's Forecast: Unemployment Rate from 1980 to 2029 in the chart:
What is Canada's Forecast: Unemployment Rate in 2029?
Canada Unemployment Rate is forecasted to be 6.323 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 5.959 2029 | 5.972 2028 | 5.267 2022 | 12.000 1983 | % | yearly | 1980 - 2029 |
Forecast: Unemployment Rate by Country Comparison
Buy Selected Data
Includes Forecast: Unemployment Rate on 193 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | 0.000 | yearly | - |
| Albania (%) | 11.000 2028 | yearly | 1980 - 2028 |
| Algeria (%) | 11.383 2019 | yearly | 1980 - 2019 |
| Andorra (%) | 1.675 2028 | yearly | 2010 - 2028 |
| Angola (%) | 0.000 | yearly | - |
| Antigua and Barbuda (%) | 0.000 | yearly | - |
| Argentina (%) | 7.000 2029 | yearly | 1980 - 2029 |
| Armenia (%) | 14.000 2029 | yearly | 2001 - 2029 |
| Aruba (%) | 5.091 2026 | yearly | 1991 - 2026 |
| Australia (%) | 4.591 2029 | yearly | 1980 - 2029 |
| Austria (%) | 5.179 2028 | yearly | 1980 - 2028 |
| Azerbaijan (%) | 5.218 2029 | yearly | 2000 - 2029 |
| Bahamas (%) | 9.190 2028 | yearly | 1986 - 2028 |
| Bahrain (%) | 7.700 2022 | yearly | 2007 - 2022 |
| Bangladesh (%) | 0.000 | yearly | - |
| Barbados (%) | 9.718 2028 | yearly | 1981 - 2028 |
| Belarus (%) | 2.898 2029 | yearly | 1993 - 2029 |
| Belgium (%) | 5.391 2029 | yearly | 1980 - 2029 |
| Belize (%) | 2.800 2028 | yearly | 1990 - 2028 |
| Benin (%) | 0.000 | yearly | - |
| Bhutan (%) | 3.500 2023 | yearly | 2003 - 2023 |
| Bolivia (%) | 5.200 2029 | yearly | 2000 - 2029 |
| Bosnia and Herzegovina (%) | 13.300 2029 | yearly | 1995 - 2029 |
| Botswana (%) | 0.000 | yearly | - |
| Brazil (%) | 7.652 2029 | yearly | 1991 - 2029 |
| Brunei (%) | 4.900 2029 | yearly | 2011 - 2029 |
| Bulgaria (%) | 4.200 2028 | yearly | 1989 - 2028 |
| Burkina Faso (%) | 0.000 | yearly | - |
| Burundi (%) | 0.000 | yearly | - |
| Cambodia (%) | 0.000 | yearly | - |
| Cameroon (%) | 0.000 | yearly | - |
| Canada (%) | 5.959 2029 | yearly | 1980 - 2029 |
| Cape Verde (%) | 8.500 2028 | yearly | 1980 - 2028 |
| Central African Republic (%) | 0.000 | yearly | - |
| Chad (%) | 0.000 | yearly | - |
| Chile (%) | 7.500 2029 | yearly | 1980 - 2029 |
| China (%) | 5.100 2029 | yearly | 2017 - 2029 |
| Colombia (%) | 8.678 2029 | yearly | 1980 - 2029 |
| Comoros (%) | 0.000 | yearly | - |
| Congo (%) | 0.000 | yearly | - |
| Costa Rica (%) | 9.000 2026 | yearly | 1980 - 2026 |
| Croatia (%) | 5.504 2029 | yearly | 1991 - 2029 |
| Cyprus (%) | 5.481 2028 | yearly | 1982 - 2028 |
| Czech Republic (%) | 2.300 2028 | yearly | 1995 - 2028 |
| Democratic Republic of Congo (%) | 0.000 | yearly | - |
| Denmark (%) | 5.000 2028 | yearly | 1980 - 2028 |
| Djibouti (%) | 0.000 | yearly | - |
| Dominica (%) | 0.000 | yearly | - |
| Dominican Republic (%) | 6.000 2029 | yearly | 1991 - 2029 |
| Ecuador (%) | 3.500 2028 | yearly | 1988 - 2028 |
| Egypt (%) | 6.679 2028 | yearly | 1990 - 2028 |
| El Salvador (%) | 5.500 2029 | yearly | 1988 - 2029 |
| Equatorial Guinea (%) | 0.000 | yearly | - |
| Eritrea (%) | 0.000 | yearly | - |
| Estonia (%) | 7.313 2029 | yearly | 1993 - 2029 |
| Swaziland (%) | 25.000 2016 | yearly | 1995 - 2016 |
| Ethiopia (%) | 0.000 | yearly | - |
| Fiji (%) | 4.500 2029 | yearly | 1986 - 2029 |
| Finland (%) | 7.100 2028 | yearly | 1980 - 2028 |
| France (%) | 6.663 2028 | yearly | 1980 - 2028 |
| Gabon (%) | 0.000 | yearly | - |
| Gambia (%) | 0.000 | yearly | - |
| Georgia (%) | 17.516 2028 | yearly | 1996 - 2028 |
| Germany (%) | 2.963 2028 | yearly | 1980 - 2028 |
| Ghana (%) | 0.000 | yearly | - |
| Greece (%) | 9.000 2028 | yearly | 1980 - 2028 |
| Grenada (%) | 0.000 | yearly | - |
| Guatemala (%) | 0.000 | yearly | - |
| Guinea (%) | 0.000 | yearly | - |
| Guinea-Bissau (%) | 0.000 | yearly | - |
| Guyana (%) | 0.000 | yearly | - |
| Haiti (%) | 0.000 | yearly | - |
| Honduras (%) | 8.000 2029 | yearly | 1980 - 2029 |
| Hong Kong SAR, China (%) | 2.424 2029 | yearly | 1980 - 2029 |
| Hungary (%) | 3.689 2029 | yearly | 1980 - 2029 |
| Iceland (%) | 4.000 2029 | yearly | 1980 - 2029 |
| India (%) | 0.000 | yearly | - |
| Indonesia (%) | 5.100 2028 | yearly | 1984 - 2028 |
| Iran (%) | 9.779 2028 | yearly | 1990 - 2028 |
| Iraq (%) | 0.000 | yearly | - |
| Ireland (%) | 4.507 2028 | yearly | 1985 - 2028 |
| Israel (%) | 4.000 2029 | yearly | 1980 - 2029 |
| Italy (%) | 8.250 2028 | yearly | 1980 - 2028 |
| Ivory Coast (%) | 0.000 | yearly | - |
| Jamaica (%) | 8.375 2021 | yearly | 1980 - 2021 |
| Japan (%) | 2.300 2028 | yearly | 1980 - 2028 |
| Jordan (%) | 22.850 2022 | yearly | 1984 - 2022 |
| Kazakhstan (%) | 4.775 2028 | yearly | 1994 - 2028 |
| Kenya (%) | 0.000 | yearly | - |
| Kiribati (%) | 0.000 | yearly | - |
| South Korea (%) | 3.100 2029 | yearly | 1980 - 2029 |
| Kosovo (%) | 12.575 2022 | yearly | 2012 - 2022 |
| Kuwait (%) | 2.200 2028 | yearly | 2002 - 2028 |
| Kyrgyzstan (%) | 9.014 2028 | yearly | 1994 - 2028 |
| Laos (%) | 0.000 | yearly | - |
| Latvia (%) | 6.284 2029 | yearly | 1992 - 2029 |
| Lebanon (%) | 0.000 | yearly | - |
| Lesotho (%) | 0.000 2015 | yearly | 2000 - 2015 |
| Liberia (%) | 0.000 | yearly | - |
| Libya (%) | 0.000 | yearly | - |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doCanada Key Series
Buy Selected Data
Includes 332 key indicators for Canada, curated by CEIC analysts. Instant access to full history data in excel.
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.1 Dec 2023 | quarterly | Jun 1993 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | 6,177.037 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Tax Revenue (USD mn) | 29,059.259 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| Tax Revenue: % of GDP (%) | 12.1 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| National Government Debt (USD mn) | 1,423,314.6 2023 | yearly | 1962 - 2023 |
| Government Debt: % of GDP (%) | 67.8 2023 | yearly | 1962 - 2023 |
| Forecast: Government Expenditure (CAD bn) | 1,516.003 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,500.939 2029 | yearly | 1980 - 2029 |
| Budgetary Revenue (CAD mn) | 46,409.000 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 4,959.000 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| Budgetary Expense (CAD mn) | -38,070.000 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | 8,339.000 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 39,230.000 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 573,800.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Expense (CAD mn) | 597,300.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Balance (CAD mn) | -18,400.000 2029 | yearly | 1996 - 2029 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 82,000.000 2029 | yearly | 2000 - 2029 |
| Net Financing Activities (CAD mn) | 9,101.000 Feb 2024 | monthly | Jan 1996 - Feb 2024 |
| FIN Forecast: Federal Debt (CAD mn) | 1,362,200.000 2029 | yearly | 1997 - 2029 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.047 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 1,030.8 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
| Total Exports (USD mn) | 49,351.2 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
| Total Exports Growth (%) | 4.2 Feb 2024 | monthly | Jan 1989 - Feb 2024 |
| Aluminum: Exports (USD th) | 11,552,234.816 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 9,821,982.309 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,079,544.056 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 48,320.4 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
| Total Imports Growth (%) | 1.4 Feb 2024 | monthly | Jan 1989 - Feb 2024 |
| Imports: Medicament (USD th) | 11,462,582.313 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,439,260.899 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 37,191.556 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
| Total Imports from USA (USD mn) | 30,462.815 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Total Exports to China (USD mn) | 1,892.074 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Total Imports from China (USD mn) | 3,324.071 Jan 2024 | monthly | Jan 1997 - Jan 2024 |
| Coal Exports (kton) | 2,890.000 Feb 2024 | monthly | Jan 1977 - Feb 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 10,007.180 Feb 2024 | monthly | Jan 2022 - Feb 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 4,705.329 Feb 2024 | monthly | Jan 2022 - Feb 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 868,150.093 Feb 2024 | monthly | Jan 1988 - Feb 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
| Household Debt: % of GDP (%) | 101.2 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
| Money Supply M1 (USD mn) | 1,111,578.715 Feb 2024 | monthly | Mar 1975 - Feb 2024 |
| Money Supply M2 (USD mn) | 1,846,380.454 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
| M2 Growth (%) | 3.8 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
| Foreign Exchange Reserves (USD mn) | 89,875.0 Mar 2024 | monthly | Jun 1999 - Mar 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.199 Dec 2023 | quarterly | Jun 1999 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Feb 2024 | monthly | Jun 1999 - Feb 2024 |
| Gold Reserves (USD mn) | 0.000 Mar 2024 | monthly | Dec 1956 - Mar 2024 |
| Total Deposits (USD mn) | 4,359,733.055 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| Total Deposits Growth (%) | 2.6 Feb 2024 | monthly | Jan 2010 - Feb 2024 |
| Domestic Credit (USD mn) | 4,639,365.4 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
| Domestic Credit Growth (%) | 2.8 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Debt Service Ratio: Households (%) | 14.500 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 24.300 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
| Credit to Households (USD bn) | 2,181.612 Sep 2023 | quarterly | Mar 1969 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 4,677.640 Sep 2023 | quarterly | Mar 1954 - Sep 2023 |
| Household Debt (USD mn) | 2,154,364.7 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
| Total Loans (USD mn) | 3,129,297.612 Feb 2024 | monthly | Jan 1969 - Feb 2024 |
| Total Loans Growth (%) | 2.83 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 217.35 Dec 2023 | quarterly | Mar 1969 - Dec 2023 |
| Money Supply: M1+: Gross (CAD mn) | 1,494,072.000 Feb 2024 | monthly | Mar 1975 - Feb 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,505,169.000 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,504,828.000 Feb 2024 | monthly | Jan 1968 - Feb 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,611,688.000 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,508,190.000 Feb 2024 | monthly | Mar 1975 - Feb 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,620,110.000 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
| Official International Reserves (USD mn) | 117,950.000 Mar 2024 | monthly | Dec 1994 - Mar 2024 |
| Official International Reserves: Gold (USD mn) | 0.000 Mar 2024 | monthly | Dec 1994 - Mar 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -1.4 Mar 2024 | monthly | Dec 2001 - Mar 2024 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 57.500 Mar 2024 | monthly | Dec 2000 - Mar 2024 |
More Indicators for Canada
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Demographic and Labour Market
Compensation per Hour Worked: 2007=100
Employment and Unemployment
Employment and Wage
Hours Worked
Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual
Job Vacancy: Job Vacancy and Wage Survey
Labour Force
Labour Force, Employment and Unemployment: Annual
Labour Force Survey: Actual Hours Worked
Labour Force Survey: Employment
Labour Force Survey: Employment: by Industry: Annual
Labour Force Survey Estimates: Employment
Labour Force Survey Estimates: Labour Force
Labour Force Survey Estimates: Unemployment
Labour Force Survey: Job Tenure
Labour Force Survey: Labour Force: Students
Labour Force Survey: Unemployment
Labour Force Survey: Unemployment: Students
Labour Productivity Index
Multifactor and Capital Productivity: OECD Member: Annual
Population
Social: Education Statistics
Survey of Employment, Payrolls and Hours: Average Weekly Earnings: Annual
Unemployment: Duration: Labour Force Survey
Union Wage Rate Index: Construction: 1992=100
Unit Labour Cost Index
Wages, Labour Cost and Employment Index: Annual
Compensation per Hour Worked
Education Statistics
Employment and Unemployment: Forecast: OECD Member: Annual
Employment Insurance Beneficiaries
Hours Worked: 2007=100
Job Vacancy and Wage Survey: Job Vacancies: NAICS 2022
Job Vacancy: Survey of Employment, Payrolls and Hours
Labour Force, Employment and Unemployment
Labour Force, Employment and Unemployment: Quarterly
Labour Force Survey: Employees Wages
Labour Force Survey: Employment: by Industry
Labour Force Survey: Employment: Students
Labour Force Survey Estimates: Employment by Industry
Labour Force Survey Estimates: Population: 15 Years and Above
Labour Force Survey: Job Permanency
Labour Force Survey: Labour Force
Labour Force Survey: Population
Labour Force Survey: Unemployment Duration
Labour Force Survey: Usual Hours Worked
Labour Productivity Index: 2007=100
Non-Accelerating Inflation Rate of Unemployment (NAIRU): Forecast: OECD Member: Annual
Population and Urbanization Statistics
Survey of Employment, Payrolls and Hours: Average Weekly Earnings
Survey of Employment, Payrolls and Hours: Average Weekly Hours Worked
Unemployment Insurance
Union Wage Rate Index: Construction: 2007=100
Unit Labour Cost Index: 2007=100