Canada GDP Growth Rate

The Gross Domestic Product (GDP) in Canada expanded 0.30 percent in the first 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
0.30 0.70 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.

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.

Final domestic demand was down 0.1 percent in the first quarter, as lower business gross fixed capital formation offset increased household final consumption expenditure. Government final consumption expenditure was 0.1 percent lower.

Household final consumption expenditure rose 0.3 percent, the smallest gain in four quarters. Increased spending on non-durable goods (+1.0 percent) more than offset decreased spending on durable and semi-durable goods. Outlays on services were up 0.2 percent.

Business gross fixed capital formation was down 0.9 percent, the third decrease in five quarters. Business gross fixed capital formation in residential structures declined 1.6 percent, with new home construction (-1.5 percent) and ownership transfer costs (-6.4 percent) both down. Business investment outlays on plant and equipment decreased 0.5 percent.

Businesses investment in inventories was $16.4 billion in the first quarter, down from $16.8 billion in the previous quarter, primarily as a result of lower investment in farm inventories.

Exports fell 0.6 percent despite a 3.8 percent increase in exports of energy products. Exports of goods were 0.8 percent lower while those of services rose 0.6 percent. Imports of goods and services fell 1.9 percent.

Statistics Canada| Nuno Fontes |
5/30/2014 3:15:52 PM

Recent Releases

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

Canada's GDP Growth Accelerates to 0.7% QoQ in Q3
Canadian GDP quickened in the third quarter of 2013 to its fastest pace in nearly two years. The GDP expanded 0.7 percent quarter-on-quarter, following a 0.4 percent growth in the previous three-month period, as household and government final consumption and business investment all increased. Published on 2013-11-29

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2013-08-30 01:30 PM Canada
GDP Growth Rate QoQ
Q2 2013 0.4% 0.5% (R) 0.54%
2013-11-29 01:30 PM Canada
GDP Growth Rate QoQ
Q3 2013 0.7% 0.4% 1.0% 0.3%
2014-02-28 01:30 PM Canada
GDP Growth Rate QoQ
Q4 2013 0.7% 0.7% 0.17%
2014-05-30 01:30 PM Canada
GDP Growth Rate QoQ
Q1 2014 0.3% 0.7% 0.94%
2014-08-29 01:30 PM Canada
GDP Growth Rate QoQ
Q2 2014 0.3% 0.73%

GDP Last Previous Highest Lowest Unit
GDP 1825.10 1821.45 1825.10 40.77 USD Billion [+]
GDP Growth Rate 0.30 0.70 3.33 -1.80 Percent [+]
Gdp Growth Annualized 1.19 2.70 8.54 -8.99 Percent [+]
GDP Annual Growth Rate 2.22 2.66 8.80 -3.70 Percent [+]
GDP Constant Prices 1717239.00 1712141.00 1717239.00 758823.00 CAD Million [+]
Gross National Product 1902244.00 1869036.00 1902244.00 343088.00 CAD Million [+]
GDP per capita 37519.66 37208.25 37519.66 12931.42 USD [+]
Gross Fixed Capital Formation 393553.00 397372.00 401645.00 134073.00 CAD Million [+]
GDP per capita PPP 35936.26 35738.70 36126.74 22635.37 USD [+]

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