Canada’s per capita Gross Domestic Product (GDP) has fallen to 2017 levels amid slower economic growth and record population increases, according to a new report by Statistics Canada.

“Real GDP per capita has now declined in five of the past six quarters and is currently near levels observed in 2017,” reads the report, “Canada’s gross domestic product per capita: Perspectives on the return to trend.”

“Recent declines in per capita output have also brought concerns over Canada’s weak productivity performance to the fore, since historically, much of the long-term growth in GDP per capita has reflected sustained improvements in labour productivity.

The report notes that while Canada’s GDP per capita grew by about 1.1 percent yearly since 1981, the COVID-19 pandemic led to its fall of 7 percent below the long-term trend. In real dollar amounts, that means it declined by around $4,200 per Canadian after 2020.