After celebrating the Canadian population reaching 40 million on June 16, the country's population was estimated at 40,097,761 on July 1, 2023, an increase of 1,158,705 people (+2.9%) from July 1, 2022.
Canada continued to lead G7 countries for population growth and was likely among the top 20 fastest growing countries in the world. The population growth on July 1, 2023, marks the highest population growth rate recorded for a 12-month period since 1957 (+3.3%), during the Hungarian refugee crisis and at the height of the baby boom. In absolute numbers, the increase observed last year is more than twice the increase observed in 1957 (+555,000). If the rate of population growth seen this past year remained constant in the future, it would lead to the Canadian population doubling in 25 years.
