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

The Gross Domestic Product (GDP) in Canada contracted 0.10 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Canada averaged 0.81 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 -1.80 percent in the first quarter of 2009. GDP Growth Rate in Canada is reported by the Statistics Canada.

      Forecast
Canada GDP Growth Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.60 3.33 -1.80 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. Content for - Canada GDP Growth Rate - was last refreshed on Thursday, July 2, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 -0.1% 0.6% 0.0%
2015-08-28 01:30 PM Q2 -0.1% 0.18%
2015-11-27 01:30 PM Q3 -0.02%


Canada GDP Contracts 0.1% in Q1


The Canadian economy shrank 0.1 percent on quarter in the first three months of 2015, compared to a 0.6 percent growth in the previous period. This was the first contraction since the second quarter of 2011 as domestic demand, business investments and exports declined.

Final domestic demand fell 0.4 percent after increasing 0.4 percent in the previous quarter. Household final consumption expenditure rose 0.1 percent, the smallest gain since the second quarter of 2012. Increased outlays on semi-durable and non-durable goods more than offset decreased spending on durable goods. Growth in expenditures on services slowed to 0.1 percent. Government final consumption expenditure was 0.2 percent lower.

Business gross capital formation was down 2.5 percent, driven by a 4.1 percent decrease in non-residential structures and machinery and equipment. On the other hand, business investment in residential structures was up 1.0 percent, led by an increase in new home construction. Businesses added CAD 11.6 billion to their inventories in the first quarter, up from CAD 8.5 billion in the previous quarter. Wholesalers increased their inventories of durable goods by CAD 7.1 billion.

Exports of goods and services decreased 0.3 percent, following a 0.4 percent decline in the previous quarter. Exports of goods declined 0.5 percent, while services increased 0.8 percent. Imports of goods and services fell 0.4 percent.

The mining, quarrying and oil and gas extraction sector posted a notable decrease in the first quarter, as a result of a 30 percent decline in support activities for mining and oil and gas extraction. Construction, wholesale trade and manufacturing posted notable declines as well. There were also decreases in accommodation and food services, transportation and warehousing services and in the output of real estate agents and brokers. On the other hand, the finance and insurance sector, utilities as well as the agriculture and forestry sector increased in the first quarter. The public sector and professional services also advanced.

Expressed at an annualized rate, real GDP contracted 0.6 percent in the first quarter.

Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/29/2015 2:15:34 PM


Recent Releases

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.
Published on 2015-03-03

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

Canadian GDP Growth Slows to 2-Year Low in Q1
In the first quarter of 2014, Canadian economy expanded 0.3 percent, following 0.7 percent growth in the previous period. This was the smallest increase since the fourth quarter of 2012, mainly due to a sharp fall on investment and exports.
Published on 2014-05-30


Canada GDP Last Previous Highest Lowest Unit
GDP 1825.10 1821.45 1825.10 40.77 USD Billion [+]
GDP Growth Rate -0.10 0.60 3.33 -1.80 percent [+]
GDP Growth Annualized -0.60 2.20 8.50 -9.00 percent [+]
GDP Annual Growth Rate 2.06 2.63 8.80 -3.70 percent [+]
GDP Constant Prices 1762406.00 1765019.00 1765019.00 758823.00 CAD Million [+]
Gross National Product 1942356.00 1961128.00 1961840.00 343088.00 CAD Million [+]
GDP per capita 37519.66 37208.25 37519.66 12931.42 USD [+]
Gross Fixed Capital Formation 401888.00 409268.00 410110.00 134073.00 CAD Million [+]
GDP per capita PPP 41888.78 41541.12 41888.78 29933.20 USD [+]
Gdp From Agriculture 26067.00 26061.00 27581.00 24912.00 CAD Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.30 Mar/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.80 Mar/15 0.30 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.53 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.40 Mar/15 0.80 5.00 -2.70 percent [+]
United States -0.20 Mar/15 2.20 16.90 -10.00 percent [+]