Canada GDP Growth Rate

The Gross Domestic Product (GDP) in Canada expanded 0.20 percent in the fourth quarter of 2012 over the previous quarter. GDP Growth Rate in Canada is reported by the Statistics Canada. Historically, from 1961 until 2012, Canada GDP Growth Rate averaged 0.8 Percent reaching an all time high of 3.3 Percent in December of 1963 and a record low of -1.8 Percent in March of 2009. 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 includes a chart with historical data for Canada GDP Growth Rate.

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Canada GDP Growth Rate
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Canada Economy Grows 0.2% in Q4
Statistics Canada | Duarte Ricardo | duarte.ricardo@tradingeconomics.com  |  3/1/2013 1:56:54 PM


Real gross domestic product (GDP) edged up 0.2% in the fourth quarter, similar to the gain in the third quarter.

Final domestic demand was up 0.6%, compared with a 0.2% gain the previous quarter. Household and government final consumption expenditures and business fixed capital investment all increased. Inventory investment slowed sharply from the third quarter. Imports were down, while exports increased slightly.

Mining and oil and gas extraction was the main source of industrial growth in the fourth quarter. Construction, the public sector, utilities and the finance and insurance sector also increased. Manufacturing recorded a significant decrease (-2.2%), with both durable and non-durable goods production retreating. The arts and entertainment sector, transportation and warehousing as well as wholesale trade also declined.
 
Expressed at an annualized rate, real GDP expanded 0.6% in the fourth quarter. By comparison, real GDP in the United States grew 0.1%.

ARCHIVE
Canada's Economy Expands 0.1 Percent in Q3
Real gross domestic product (GDP) rose 0.1 percent in the third quarter, slowing from the 0.4 percent growth in the second quarter. The slower pace of growth was the result of declines in exports and business investment. Final domestic demand grew 0.4 percent. On a monthly basis, real GDP by industry was unchanged in September. 2012-11-30

Canadian Economy Growth Slows In Q2
Canada's real gross domestic product (GDP) declined 0.1% in the second quarter, following a 0.9% increase the previous quarter. The decline in the second quarter was largely a result of a 2.1% drop in exports. Final domestic demand rose 0.7%. On a monthly basis, real GDP by industry increased 0.2% in June. 2011-08-31

Canada's Economy Expands 0.5% in Q2
Canada's Real gross domestic product (GDP) rose 0.5% in the second quarter, matching the pace of the two previous quarters. Business investment contributed the most to second-quarter GDP growth. Final domestic demand grew 0.4%. On a monthly basis, real GDP by industry advanced 0.2% in June. 2012-08-31

Canada's GDP Rises 1% in Q1
Real gross domestic product (GDP) advanced 1.0% in the first quarter, following a 0.8% increase in the previous quarter. Final domestic demand rose 0.6%. On a monthly basis, real GDP by industry increased 0.3% in March. 2011-05-30

Canada's Economy Grows 0.5% in Q1
Canada's real gross domestic product (GDP) rose 0.5% in the first quarter, the same pace as in the previous quarter. Business investment contributed the most to first-quarter GDP growth. Final domestic demand grew 0.3%. On a monthly basis, real GDP by industry edged up 0.1% in March. 2012-06-01

Canadian Economy Expands 0.8% in Q4
Canada's real gross domestic product (GDP) rose 0.8% in the fourth quarter, led by exports, following a 0.4% gain in the previous quarter. Final domestic demand advanced 1.2%. On a monthly basis, real GDP by industry increased 0.5% in December. 2011-02-28

Canada's Economy Expands 0.4% in Q4
Real gross domestic product (GDP) rose 0.4% in the fourth quarter, after advancing 1.0% in the third quarter. Consumer spending and exports contributed the most to fourth-quarter GDP growth. Final domestic demand grew 0.5%. 2012-03-02

Canada's GDP grows 0.3% in Q3
Real gross domestic product (GDP) rose 0.3% in the third quarter, following a 0.6% gain in the previous quarter. Final domestic demand grew 0.9%, as business investment in plant and equipment advanced. On a monthly basis, real GDP by industry declined 0.1% in September. 2010-12-02

Canada's GDP Expands 0.9% in Q3
Canada's real gross domestic product (GDP) advanced 0.9% in the third quarter, after declining 0.1% in the second quarter. Increased demand for exports led third quarter GDP growth. On a monthly basis, real GDP by industry increased 0.2% in September 2011-11-30




GDP Growth Rate | Notes

The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.






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