Canada GDP Growth Rate 1961-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Canada expanded 0.60 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Canada averaged 0.82 percent from 1961 until 2014, reaching an all time high of 3.33 percent in the fourth quarter of 1963 and a record low of -1.80 percent in the first quarter of 2009. GDP Growth Rate in Canada is reported by the Statistics Canada.

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Canada GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.80 3.33 -1.80 1961 - 2014 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. Content for - Canada GDP Growth Rate - was last refreshed on Saturday, May 23, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-08-29 01:30 PM Q2 0.8% 0.2% (R) 0.7% 0.73%
2014-11-28 01:30 PM Q3 0.7% 0.9% (R) 0.6%
2015-03-03 01:30 PM Q4 0.6% 0.8% (R) 0.5%
2015-05-29 01:30 PM Q1 0.6% 0.0%
2015-08-28 01:30 PM Q2 0.89%
2015-11-27 01:30 PM Q3 0.7%


Canada GDP Growth Slows in Q4


The Canadian economy rose 0.6 percent on quarter in the last three months of 2014, down from a revised 0.8 percent increase in the previous period and dragged down by a fall in business investment and exports.

Business gross fixed capital formation edged down 0.1 percent after a strong third quarter, driven by a decrease in investment in non-residential structures (-0.5 percent) and machinery and equipment (-0.8 percent). 

Exports of goods and services fell 0.4 percent after increasing 2.2 percent in the previous quarter. Exports of goods were lower, while those of services were higher. Imports were up 0.4 percent.

Household final consumption expenditure rose 0.5 percent, contributing to economic growth in the fourth quarter. Household spending on durable, semi-durable and non-durable goods all increased. Outlays on services were also higher.

After two quarters of drawing down on inventories, businesses, mostly in retail and wholesale trade, added $8.0 billion to stocks.

On the production side, most major industrial sectors increased production in the fourth quarter. The value added of service industries rose 0.6 percent, while that of goods-producing industries increased 0.5 percent.

Oil and gas extraction and the finance and insurance sector were the main contributors to growth in the fourth quarter. The public sector posted a notable increase, led by educational services. There were also gains in utilities, construction, wholesale and retail trade, professional services, accommodation and food services as well as transportation and warehousing services.

Expressed at an annualized rate, real GDP expanded 2.4 percent in the fourth quarter. 

Considering full 2014, the GDP rose 2.5 percent after increasing 2.0 percent in 2013.

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
3/3/2015 1:41:51 PM


Recent Releases

Canada GDP Growth Slows in Q3
The Canadian economy expanded 0.7 percent in the third quarter, following a 0.9 percent rise in the previous period. Net exports, consumer spending and investment contributed the most to the growth while inventories dragged the expansion down. Published on 2014-11-28

Canada GDP Growth Beats Expectations
Canadian GDP rose 0.8 percent in the second quarter of 2014, following a revised 0.2 percent increase in the first quarter. This was the largest quarterly gain since the third quarter of 2011, as all sectors of the economy increased except non-profit institutions serving households. Published on 2014-08-29


Canada GDP Last Previous Highest Lowest Unit
GDP 1825.10 1821.45 1825.10 40.77 USD Billion [+]
GDP Growth Rate 0.60 0.80 3.33 -1.80 percent [+]
GDP Growth Annualized 2.40 3.20 8.50 -9.00 percent [+]
GDP Annual Growth Rate 2.63 2.75 8.80 -3.70 percent [+]
GDP Constant Prices 1767784.00 1757162.00 1767784.00 758823.00 CAD Million [+]
Gross National Product 1961684.00 1961840.00 1961840.00 343088.00 CAD Million [+]
GDP per capita 37519.66 37208.25 37519.66 12931.42 USD [+]
Gross Fixed Capital Formation 409763.00 410110.00 410110.00 134073.00 CAD Million [+]
GDP per capita PPP 41888.78 41541.12 41888.78 29933.20 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 0.20 Feb/15 2.20 16.90 -10.00 percent [+]