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

The Canadian economy expanded 0.6 percent on quarter in the three months to September of 2015, recovering from a 0.1 percent contraction in the previous period, boosted by an acceleration in exports and housing investment. Expressed at an annualized rate, the GDP expanded 2.3 percent, in line with market expectations. 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
0.60 -0.10 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-29 01:30 PM Q1 -0.1% 0.6% 0.0%
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 0.6% -0.19%
2016-05-31 12:30 PM Q1 0.57%
2016-08-31 12:30 PM Q2 0.63%

Canada GDP Growth Rebounds in Q3


The Canadian economy expanded 0.6 percent on quarter in the three months to September of 2015, recovering from a 0.1 percent contraction in the previous period, boosted by an acceleration in exports and housing investment. Expressed at an annualized rate, the GDP expanded 2.3 percent, in line with market expectations.

Exports of goods advanced 2.7 percent after increasing 0.5 percent in the second quarter. Exports of services edged up 0.1 percent. Imports of goods and services decreased 0.7 percent, in tandem with weak domestic demand.

Household final consumption expenditure increased 0.4 percent in the third quarter, following a 0.6 percent gain in the second quarter. Consumption on goods rose 0.8 percent in the third quarter, driven by outlays on durable goods (+2.3 percent). Expenditure on services edged up 0.1 percent. 

Business investment in residential structures grew 0.6 percent following a flat second quarter. The growth was driven by new construction (+3.2 percent), which offset declines in renovations (-1.6 percent) and ownership transfer costs (-0.7 percent).

Business gross fixed capital formation fell 0.8 percent, the third consecutive quarterly decline. Investment in non-residential structures and machinery and equipment declined 1.5 percent. 

Businesses reduced their inventory accumulation to $0.6 billion in the third quarter after adding $5.3 billion in the second quarter. Businesses added $3.9 billion to non-farm inventories, compared with $9.2 billion in the previous quarter. Farm inventories were drawn down by $2.1 billion, the seventh consecutive quarterly decrease, as grain holdings were sold off.

Final consumption expenditure of the general governments sector decreased 0.4 percent in the third quarter, following a 0.4 percent increase in the second quarter. Declines occurred at all levels of government.

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
12/1/2015 1:48:17 PM

Canada GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 -0.10 3.33 -2.30 percent [+]
GDP Annual Growth Rate 1.20 1.10 8.80 -4.10 percent [+]
GDP Growth Annualized 2.30 -0.30 9.30 -9.10 percent [+]
GDP 1785.39 1838.96 1838.96 40.77 USD Billion [+]
GDP Constant Prices 1773166.00 1762917.00 1773166.00 760402.00 CAD Million [+]
Gross National Product 1967628.00 1949884.00 1967628.00 343908.00 CAD Million [+]
Gross Fixed Capital Formation 394071.00 396873.00 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 27084.00 25416.00 28952.00 18674.00 CAD Million [+]
GDP From Construction 120401.00 120447.00 120553.00 57172.00 CAD Million [+]
GDP From Manufacturing 172134.00 172322.00 199494.00 149709.00 CAD Million [+]
GDP From Mining 130539.00 130226.00 142190.00 99076.00 CAD Million [+]
GDP From Public Administration 106480.00 106657.00 110752.00 75620.00 CAD Million [+]
GDP From Services 1161355.00 1158672.00 1167282.00 687428.00 CAD Million [+]
GDP From Transport 71529.00 70839.00 71529.00 45292.00 CAD Million [+]
GDP From Utilities 37510.00 37053.00 41236.00 29871.00 CAD Million [+]




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