From google AI (take with a grain of skepticism)
The OECD ranks Canada among the lowest of its member nations for
GDP per capita growth, particularly over the last decade. While aggregate GDP has shown resilience, persistent population growth has masked weak per-capita performance, resulting in Canada having one of the weakest standards-of-living growth rates in the developed world.
- Long-Term Projection: The OECD projects Canada will rank dead last (38th out of 38) in real GDP per capita growth among member countries from 2020–2030 and 2030–2060.
- Recent Performance: From 2014 to 2022, Canada ranked third-lowest out of 30 OECD countries for average growth in GDP per capita.
- Post-Pandemic Recovery: Canada experienced the 5th weakest recovery in real GDP per capita among OECD countries between 2019 and 2022.
- Income Decline: Canadian GDP per capita fell below the OECD average in 2022, and it is projected to fall further behind, with projections suggesting it could be US \(\$8,617\) below the average by 2060.
- Context: This underperformance is largely attributed to weak productivity growth, low capital investment per worker, and high population growth outpacing economic output. (Source is OECD)
Conversely, in terms of
aggregate (total) GDP growth, Canada has often performed closer to the middle of the pack due to high population increases, but this does not translate to higher individual prosperity.