Canada GDP Growth Rate  1961-2016 | Data | Chart | Calendar | Forecast

The Canadian economy advanced 0.2 percent on quarter in the last three months of 2015, compared to a 0.6 percent expansion in the previous period, due to a slump in business investment and lower exports. The annualized growth rate slowed to 0.8 percent from an upwardly revised 2.4 percent, bringing full 2015 growth to 1.2 percent, about half the 2014 pace. GDP Growth Rate in Canada averaged 0.80 percent from 1961 until 2015, reaching an all time high of 3.33 percent in the fourth quarter of 1963 and a record low of -2.30 percent in the first quarter of 2009. GDP Growth Rate in Canada is reported by the Statistics Canada.

Canada GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.60 3.33 -2.30 1961 - 2015 percent Quarterly
Canada's economy is diversified and highly developed. The foundation of Canadian economy is foreign trade and the United States is by far the nation's largest trade partner. Foreign trade is responsible for about 45 percent of the nation's gross domestic product (GDP). Canada is one of the few developed nations that is a net exporter of energy. This page provides - Canada GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-01 01:30 PM Q2 -0.1% -0.2% 0.2% 0.1%
2015-12-01 01:30 PM Q3 0.6% -0.1% 0.3%
2016-03-01 01:30 PM Q4 0.2% 0.6% -0.1%
2016-05-31 12:30 PM Q1 0.2% 0.4%
2016-08-31 12:30 PM Q2 0.1%
2016-11-30 01:30 PM Q3 0.6%

Canada GDP Growth Slows in Q4


The Canadian economy advanced 0.2 percent on quarter in the last three months of 2015, compared to a 0.6 percent expansion in the previous period, due to a slump in business investment and lower exports. The annualized growth rate slowed to 0.8 percent from an upwardly revised 2.4 percent, bringing full 2015 growth to 1.2 percent, about half the 2014 pace.

Final domestic demand decreased 0.2 percent after flat second and third quarters. The decline was the result of lower business gross fixed capital formation, mainly in non-residential structures.

Business gross fixed capital formation decreased 1.7 percent, the fourth consecutive quarterly decline, as business investment in non-residential structures and machinery and equipment fell 3.3 percent.

Household final consumption expenditure rose 0.2 percent, following a 0.5 percent increase in the third quarter. Expenditure on services (+0.4 percent) largely contributed to the growth. 

Government spending increased 0.4 percent after a flat third quarter.

Exports of goods and services decreased 0.6 percent, following a 2.6 percent gain in the third quarter. Imports were down 2.3 percent, the third consecutive quarterly decline.

Businesses reduced their inventories by $4.0 billion, after accumulating $1.0 billion in the previous quarter. Non-farm inventories were down $3.6 billion, after a $2.3 billion accumulation in the third quarter.

Expressed at an annualized rate, the GDP rose 0.8 percent in the fourth quarter, after increasing 2.4 percent in the third quarter. 

The economy advanced 1.2 percent in 2015, about half the pace recorded in 2014, as lower business gross fixed capital formation constrained economic growth. 


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
3/1/2016 1:41:18 PM

Canada GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.60 3.33 -2.30 percent [+]
GDP Annual Growth Rate 0.50 1.10 8.80 -4.10 percent [+]
GDP Growth Annualized 0.80 2.40 9.30 -9.10 percent [+]
GDP 1785.39 1838.96 1838.96 40.77 USD Billion [+]
GDP Constant Prices 1775743.00 1773166.00 1775743.00 760402.00 CAD Million [+]
Gross National Product 1974612.00 1967628.00 1974612.00 343908.00 CAD Million [+]
Gross Fixed Capital Formation 384191.00 394071.00 412614.00 134930.00 CAD Million [+]
GDP per capita 38293.28 37753.63 38293.28 12930.99 USD [+]
GDP per capita PPP 42816.51 42213.12 42816.51 29977.04 USD [+]
GDP From Agriculture 26037.00 27083.00 28952.00 18674.00 CAD Million [+]
GDP From Construction 117863.00 118270.00 120553.00 57172.00 CAD Million [+]
GDP From Manufacturing 178010.00 179135.00 199494.00 149709.00 CAD Million [+]
GDP From Mining 135461.00 135441.00 142190.00 99076.00 CAD Million [+]
GDP From Public Administration 107353.00 106931.00 110752.00 75620.00 CAD Million [+]
GDP From Services 1173973.00 1173742.00 1173973.00 687428.00 CAD Million [+]
GDP From Transport 73914.00 73903.00 73914.00 45292.00 CAD Million [+]
GDP From Utilities 37561.00 37763.00 41236.00 29871.00 CAD Million [+]




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