Bank concentration in Canada
Canada: Bank concentration was 60.7% in 2021. ▼ Falling
Bank concentration in Canada, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
The most recent figure for bank concentration in Canada is 60.7%, measured in 2021.
That represents a change of down 0.4% on the previous year and up 3.4% over ten years.
Over the whole period, bank concentration in Canada peaked at 91.5% in 2009 and was at its lowest, 53.0%, in 2000.
That places Canada 124th out of 169 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 78.5% | 53.0% | 91.5% | 10 |
| 2010s | 60.5% | 58.7% | 61.5% | 10 |
| 2020s | 60.9% | 60.7% | 61.0% | 2 |
Countries ranked near Canada
More financial sector data for Canada
- Domestic credit to private sector by banks 124.1% (2008)
- Total reserves in months of imports 1.6 (2025)
- Net domestic credit 2.85 trillion current LCU (2008)
- Net foreign assets 11.25 billion current LCU (2008)
- Monetary Sector credit to private sector 124.1% (2008)
- Broad money 122.6% (2008)
- Claims on central government, etc. 15.4% (2008)
- Domestic credit to private sector 124.1% (2008)
- Official exchange rate 1.4 LCU per US$, period average (2025)
- Net migration 326,204 (2025)
Frequently asked questions
- What is bank concentration in Canada?
- Bank concentration in Canada was 60.7% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Canada?
- The highest recorded value was 91.5% in 2009.
- What is the lowest bank concentration recorded in Canada?
- The lowest recorded value was 53.0% in 2000.
- How does Canada rank for bank concentration?
- Canada ranks 124th out of 169 countries with data for 2021.
- Is bank concentration rising or falling in Canada?
- Over the last ten years it is up 3.4%. The long-run trend across the full record is falling.
- Where does this Canada data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.