Canada Forecast: Unemployment Rate
1980 - 2027 | Yearly | % | International Monetary Fund
Key information about Canada Unemployment Rate Forecast
- Canada Unemployment Rate is forecasted to be 5.886 % in Dec 2022 as reported by International Monetary Fund
- It records a decrease from the last reported number of 7.433 % in Dec 2021
- Looking ahead, Canada Unemployment Rate is projected to stand at 5.009 % in Dec 2027
- 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 2027 in the chart:
What is Canada's Forecast: Unemployment Rate in 2027?
Canada Unemployment Rate is forecasted to be 5.886 % in Dec 2022 as reported by International Monetary Fund See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 5.009 2027 | 5.018 2026 | 4.932 2024 | 12.000 1983 | % | yearly | 1980 - 2027 |
Forecast: Unemployment Rate by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | 0.000 | yearly | - |
| Albania (%) | 10.000 2027 | yearly | 1980 - 2027 |
| Algeria (%) | 3.464 2027 | yearly | 1980 - 2027 |
| Andorra (%) | 1.675 2027 | yearly | 2010 - 2027 |
| Angola (%) | 0.000 | yearly | - |
| Antigua and Barbuda (%) | 0.000 | yearly | - |
| Argentina (%) | 8.100 2027 | yearly | 1980 - 2027 |
| Armenia (%) | 16.500 2027 | yearly | 2001 - 2027 |
| Aruba (%) | 5.091 2026 | yearly | 1991 - 2026 |
| Australia (%) | 4.703 2027 | yearly | 1980 - 2027 |
| Austria (%) | 4.800 2027 | yearly | 1980 - 2027 |
| Azerbaijan (%) | 5.564 2027 | yearly | 2000 - 2027 |
| Bahamas (%) | 11.431 2027 | yearly | 1986 - 2027 |
| Bahrain (%) | 3.951 2027 | yearly | 2007 - 2027 |
| Bangladesh (%) | 0.000 | yearly | - |
| Barbados (%) | 9.392 2027 | yearly | 1981 - 2027 |
| Belarus (%) | 3.754 2027 | yearly | 1993 - 2027 |
| Belgium (%) | 5.522 2027 | yearly | 1980 - 2027 |
| Belize (%) | 7.404 2027 | yearly | 1990 - 2027 |
| Benin (%) | 0.000 | yearly | - |
| Bhutan (%) | 5.000 2020 | yearly | 2003 - 2020 |
| Bolivia (%) | 4.000 2027 | yearly | 2000 - 2027 |
| Bosnia and Herzegovina (%) | 15.545 2027 | yearly | 1995 - 2027 |
| Botswana (%) | 0.000 | yearly | - |
| Brazil (%) | 10.415 2027 | yearly | 1991 - 2027 |
| Brunei (%) | 6.822 2027 | yearly | 2011 - 2027 |
| Bulgaria (%) | 4.200 2027 | yearly | 1989 - 2027 |
| Burkina Faso (%) | 0.000 | yearly | - |
| Burundi (%) | 0.000 | yearly | - |
| Cambodia (%) | 0.000 | yearly | - |
| Cameroon (%) | 0.000 | yearly | - |
| Canada (%) | 5.009 2027 | yearly | 1980 - 2027 |
| Cape Verde (%) | 8.500 2027 | yearly | 1980 - 2027 |
| Central African Republic (%) | 0.000 | yearly | - |
| Chad (%) | 0.000 | yearly | - |
| Chile (%) | 6.808 2027 | yearly | 1980 - 2027 |
| China (%) | 3.600 2027 | yearly | 1980 - 2027 |
| Colombia (%) | 9.490 2027 | yearly | 1980 - 2027 |
| Comoros (%) | 0.000 | yearly | - |
| Congo (%) | 0.000 | yearly | - |
| Costa Rica (%) | 9.000 2026 | yearly | 1980 - 2026 |
| Croatia (%) | 6.265 2027 | yearly | 1991 - 2027 |
| Cyprus (%) | 5.523 2027 | yearly | 1982 - 2027 |
| Czech Republic (%) | 2.300 2027 | yearly | 1995 - 2027 |
| Democratic Republic of Congo (%) | 0.000 | yearly | - |
| Denmark (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Djibouti (%) | 0.000 | yearly | - |
| Dominica (%) | 0.000 | yearly | - |
| Dominican Republic (%) | 6.000 2027 | yearly | 1991 - 2027 |
| Ecuador (%) | 3.644 2027 | yearly | 1988 - 2027 |
| Egypt (%) | 6.402 2027 | yearly | 1990 - 2027 |
| El Salvador (%) | 7.000 2027 | yearly | 1988 - 2027 |
| Equatorial Guinea (%) | 0.000 | yearly | - |
| Eritrea (%) | 0.000 | yearly | - |
| Estonia (%) | 4.828 2027 | yearly | 1993 - 2027 |
| Swaziland (%) | 25.000 2016 | yearly | 1995 - 2016 |
| Ethiopia (%) | 0.000 | yearly | - |
| Fiji (%) | 4.500 2027 | yearly | 1986 - 2027 |
| Finland (%) | 6.500 2027 | yearly | 1980 - 2027 |
| France (%) | 7.399 2027 | yearly | 1980 - 2027 |
| Gabon (%) | 0.000 | yearly | - |
| Gambia (%) | 0.000 | yearly | - |
| Georgia (%) | 20.015 2027 | yearly | 1996 - 2027 |
| Germany (%) | 3.142 2027 | yearly | 1980 - 2027 |
| Ghana (%) | 0.000 | yearly | - |
| Greece (%) | 10.610 2027 | yearly | 1980 - 2027 |
| 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 (%) | 4.398 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (%) | 2.971 2027 | yearly | 1980 - 2027 |
| Hungary (%) | 3.805 2027 | yearly | 1980 - 2027 |
| Iceland (%) | 4.000 2027 | yearly | 1980 - 2027 |
| India (%) | 0.000 | yearly | - |
| Indonesia (%) | 5.100 2027 | yearly | 1984 - 2027 |
| Iran (%) | 10.819 2027 | yearly | 1990 - 2027 |
| Iraq (%) | 0.000 | yearly | - |
| Ireland (%) | 4.955 2027 | yearly | 1985 - 2027 |
| Israel (%) | 3.700 2027 | yearly | 1980 - 2027 |
| Italy (%) | 8.900 2027 | yearly | 1980 - 2027 |
| Ivory Coast (%) | 0.000 | yearly | - |
| Jamaica (%) | 7.700 2019 | yearly | 1980 - 2019 |
| Japan (%) | 2.400 2027 | yearly | 1980 - 2027 |
| Jordan (%) | 24.425 2021 | yearly | 1984 - 2021 |
| Kazakhstan (%) | 4.775 2027 | yearly | 1994 - 2027 |
| Kenya (%) | 0.000 | yearly | - |
| Kiribati (%) | 0.000 | yearly | - |
| South Korea (%) | 3.597 2027 | yearly | 1980 - 2027 |
| Kosovo (%) | 25.700 2019 | yearly | 2012 - 2019 |
| Kuwait (%) | 1.276 2021 | yearly | 1981 - 2021 |
| Kyrgyzstan (%) | 6.605 2027 | yearly | 1994 - 2027 |
| Laos (%) | 0.000 | yearly | - |
| Latvia (%) | 6.559 2027 | yearly | 1992 - 2027 |
| Lebanon (%) | 0.000 | yearly | - |
| Lesotho (%) | 0.000 2015 | yearly | 2000 - 2015 |
| Liberia (%) | 0.000 | yearly | - |
| Libya (%) | 0.000 | yearly | - |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.8 Mar 2022 | quarterly | Jun 1993 - Mar 2022 |
| Consolidated Fiscal Balance (USD mn) | 2,069.368 May 2022 | monthly | May 1992 - May 2022 |
| Tax Revenue (USD mn) | 22,925.577 May 2022 | monthly | Jan 1996 - May 2022 |
| Tax Revenue: % of GDP (%) | 14.9 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| National Government Debt (USD mn) | 1,455,818.8 2022 | yearly | 1962 - 2022 |
| Government Debt: % of GDP (%) | 71.0 2022 | yearly | 1962 - 2022 |
| Forecast: Government Expenditure (CAD bn) | 1,390.376 2027 | yearly | 1980 - 2027 |
| Forecast: Government Net Debt (CAD bn) | 2,927.597 2027 | yearly | 1980 - 2027 |
| Forecast: Government Revenue (CAD bn) | 1,380.415 2027 | yearly | 1980 - 2027 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,739.000 May 2022 | monthly | Jan 1996 - May 2022 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | 2,661.000 May 2022 | monthly | May 1992 - May 2022 |
| Budgetary Expense (CAD mn) | -33,292.000 May 2022 | monthly | May 1992 - May 2022 |
| Budgetary Revenue (CAD mn) | 35,953.000 May 2022 | monthly | May 1992 - May 2022 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 29,480.000 May 2022 | monthly | Jan 1996 - May 2022 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 71,400.000 2027 | yearly | 2000 - 2027 |
| FIN Forecast: Budgetary Expense (CAD mn) | 498,100.000 2027 | yearly | 1996 - 2027 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 481,000.000 2027 | yearly | 1996 - 2027 |
| FIN Forecast: Budgetary Balance (CAD mn) | -13,100.000 2027 | yearly | 1996 - 2027 |
| Net Financing Activities (CAD mn) | 2,995.000 May 2022 | monthly | Jan 1996 - May 2022 |
| FIN Forecast: Federal Debt (CAD mn) | 1,358,900.000 2027 | yearly | 1997 - 2027 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.592 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | 3,941.2 Jun 2022 | monthly | Jan 1988 - Jun 2022 |
| Total Exports (USD mn) | 53,220.5 May 2022 | monthly | Jan 1988 - May 2022 |
| Total Exports Growth (%) | 38.4 May 2022 | monthly | Jan 1989 - May 2022 |
| Aluminum: Exports (USD th) | 9,881,908.000 2021 | yearly | 1995 - 2021 |
| Exports: Medicament (USD th) | 8,651,176.943 2021 | yearly | 1995 - 2021 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 951,763.844 2021 | yearly | 1995 - 2021 |
| Total Imports (USD mn) | 49,080.1 May 2022 | monthly | Jan 1988 - May 2022 |
| Total Imports Growth (%) | 25.3 Apr 2022 | monthly | Jan 1989 - Apr 2022 |
| Imports: Medicament (USD th) | 9,962,257.486 2021 | yearly | 1995 - 2021 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,570,531.231 2021 | yearly | 1995 - 2021 |
| Total Exports to USA (USD mn) | 41,757.420 Jun 2022 | monthly | Jan 1988 - Jun 2022 |
| Total Imports from USA (USD mn) | 30,272.338 May 2022 | monthly | Jan 1997 - May 2022 |
| Total Exports to China (USD mn) | 1,506.571 May 2022 | monthly | Jan 1997 - May 2022 |
| Total Imports from China (USD mn) | 4,556.886 May 2022 | monthly | Jan 1997 - May 2022 |
| CA: Export Unit Value Index (2010=100) | 106.461 2011 | yearly | 1948 - 2011 |
| CA: Import Unit Value Index (2010=100) | 104.348 2011 | yearly | 1948 - 2011 |
| Coal Exports (kton) | 2,385.000 May 2022 | monthly | Jan 1977 - May 2022 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 19,425.605 Jun 2022 | monthly | Jan 2022 - Jun 2022 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 34,411.821 Jun 2022 | monthly | Jan 2022 - Jun 2022 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 1,328,288.236 Jun 2022 | monthly | Jan 1988 - Jun 2022 |
| CA: Import Value Index (2000=100) | 169.200 2020 | yearly | 1995 - 2020 |
| CA: Export Value Index (2000=100) | 141.206 2020 | yearly | 1995 - 2020 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.4 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
| Household Debt: % of GDP (%) | 105.1 Mar 2022 | quarterly | Mar 1969 - Mar 2022 |
| Money Supply M1 (USD mn) | 1,281,618.008 May 2022 | monthly | Mar 1975 - May 2022 |
| Money Supply M2 (USD mn) | 1,866,063.771 May 2022 | monthly | Jan 1968 - May 2022 |
| M2 Growth (%) | 5.7 May 2022 | monthly | Jan 1969 - May 2022 |
| Foreign Exchange Reserves (USD mn) | 79,458.0 Jul 2022 | monthly | Jun 1999 - Jul 2022 |
| Foreign Exchange Reserves: % of GDP (%) | 3.693 Mar 2022 | quarterly | Jun 1999 - Mar 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.6 May 2022 | monthly | Jun 1999 - May 2022 |
| Gold Reserves (USD mn) | 0.000 Jul 2022 | monthly | Dec 1956 - Jul 2022 |
| Total Deposits (USD mn) | 4,196,267.921 May 2022 | monthly | Jan 2009 - May 2022 |
| Total Deposits Growth (%) | 11.2 May 2022 | monthly | Jan 2010 - May 2022 |
| Domestic Credit (USD mn) | 4,645,638.9 May 2022 | monthly | Jan 1969 - May 2022 |
| Domestic Credit Growth (%) | 9.0 May 2022 | monthly | Jan 1970 - May 2022 |
| Debt Service Ratio: Households (%) | 12.700 Dec 2021 | quarterly | Mar 1999 - Dec 2021 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 22.700 Dec 2021 | quarterly | Mar 1999 - Dec 2021 |
| Credit to Households (USD bn) | 2,111.239 Dec 2021 | quarterly | Mar 1969 - Dec 2021 |
| Credit to Private Non-Financial Sector (USD bn) | 4,508.771 Dec 2021 | quarterly | Mar 1954 - Dec 2021 |
| Household Debt (USD mn) | 2,163,023.2 May 2022 | monthly | Jan 1969 - May 2022 |
| Total Loans (USD mn) | 3,099,549.015 May 2022 | monthly | Jan 1969 - May 2022 |
| Total Loans Growth (%) | 9.01 May 2022 | monthly | Jan 1970 - May 2022 |
| Private Debt: % of Nominal GDP (%) | 227.76 Mar 2022 | quarterly | Mar 1969 - Mar 2022 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,619,837.000 May 2022 | monthly | Mar 1975 - May 2022 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,283,672.000 May 2022 | monthly | Jan 1970 - May 2022 |
| Money Supply: M3: Gross (CAD mn) | 3,279,290.000 May 2022 | monthly | Jan 1970 - May 2022 |
| Money Supply: M1+: Gross (CAD mn) | 1,624,506.000 May 2022 | monthly | Mar 1975 - May 2022 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,358,518.000 May 2022 | monthly | Jan 1968 - May 2022 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,352,346.000 May 2022 | monthly | Jan 1968 - May 2022 |
| Official International Reserves: Gold (USD mn) | 0.000 Jul 2022 | monthly | Dec 1994 - Jul 2022 |
| Official International Reserves (USD mn) | 106,638.000 Jul 2022 | monthly | Dec 1994 - Jul 2022 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -19.4 Jun 2022 | monthly | Dec 2001 - Jun 2022 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 62.200 Jun 2022 | monthly | Dec 2000 - Jun 2022 |
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