Canada GDP Growth Rate 1961-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Canada expanded 0.80 percent in the second 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.


Canada GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.20 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 Sunday, November 23, 2014.

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.

Final domestic demand was up 0.7 percent after a flat first quarter. The increase was mainly due to higher household final consumption expenditure. Household final consumption expenditure was up 0.9 percent, as a result of increased outlays on goods (+1.2 percent) and services (+0.7 percent).

Business gross fixed capital formation increased 0.8 percent following two consecutive quarterly declines. Investment in residential structures (+2.9 percent) contributed the most to the overall gain. Ownership transfer costs were up 9.0 percent after declining in the previous two quarters.

Businesses accumulated $7.0 billion in inventories, down from $14.5 billion in the first quarter. Retail trade reduced its inventories of non-durable goods by $2.8 billion.

Exports of goods and services increased 4.2 percent following a 0.2 percent decline in the previous quarter. Exports of goods rose 4.4 percent. Imports of goods and services increased 2.7 percent.

Expressed at an annualized rate, real GDP expanded 3.1 percent in the second quarter.

Statistics Canada | Joana Taborda |
8/29/2014 1:49:58 PM

Recent Releases

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

Canadian Economy Resilient in Q4
In the last three months of 2013, Canada’s GDP advanced 0.7 percent on a quarter-on-quarter basis, the same rate recorded in the preceding quarter. The annualized growth rate was recorded at 2.9 percent, better than 2.7 percent in the third quarter. Published on 2014-02-28

Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-02-28 01:30 PM
GDP Growth Rate QoQ  Q4 2013
0.7% 0.7% 0.17%
2014-05-30 01:30 PM
GDP Growth Rate QoQ  Q1 2014
0.3% 0.7% 0.94%
2014-08-29 01:30 PM
GDP Growth Rate QoQ  Q2 2014
0.8% 0.2% (R) 0.7% 0.73%
2014-11-28 01:30 PM
GDP Growth Rate QoQ  Q3 2014
0.8% 0.6%
2015-03-03 01:30 PM
GDP Growth Rate QoQ  Q4 2014

Canada GDP Last Previous Highest Lowest Unit
GDP 1825.10 1821.45 1825.10 40.77 USD Billion [+]
GDP Growth Rate 0.80 0.20 3.33 -1.80 percent [+]
GDP Growth Annualized 3.60 0.90 8.54 -8.99 percent [+]
GDP Annual Growth Rate 2.45 2.14 8.80 -3.70 percent [+]
GDP Constant Prices 1742404.00 1715982.00 1742404.00 758823.00 CAD Million [+]
Gross National Product 1937564.00 1901124.00 1937564.00 343088.00 CAD Million [+]
GDP per capita 37519.66 37208.25 37519.66 12931.42 USD [+]
Gross Fixed Capital Formation 403578.00 392804.00 403578.00 134073.00 CAD Million [+]
GDP per capita PPP 41888.78 41541.12 41888.78 29933.20 USD [+]