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 170 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.
Bank concentration in Canada, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 53.0% | — |
| 2001 | 64.9% | +22.5% |
| 2002 | 71.0% | +9.3% |
| 2003 | 79.9% | +12.5% |
| 2004 | 82.8% | +3.6% |
| 2005 | 89.2% | +7.9% |
| 2006 | 85.4% | -4.3% |
| 2007 | 80.4% | -5.9% |
| 2008 | 86.6% | +7.7% |
| 2009 | 91.5% | +5.7% |
| 2010 | 60.1% | -34.3% |
| 2011 | 58.7% | -2.3% |
| 2012 | 59.3% | +1.0% |
| 2013 | 60.3% | +1.6% |
| 2014 | 60.9% | +1.0% |
| 2015 | 61.2% | +0.4% |
| 2016 | 61.5% | +0.5% |
| 2017 | 60.9% | -0.9% |
| 2018 | 61.4% | +0.8% |
| 2019 | 61.0% | -0.7% |
| 2020 | 61.0% | -0.0% |
| 2021 | 60.7% | -0.4% |
Canada compared with similar countries
- Canada's 60.7% is below the median for high income countries, which is 73.1%, 83% of the median. (63 countries reporting)
Biggest year-on-year movements
Years where Bank concentration in Canada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | -34.3% | 91.5% | 60.1% |
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
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (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 170 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.