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

The Canadian economy shrank 0.4 percent on quarter in the three months to June of 2016, following a 0.6 percent rise in the previous period. It is the first contraction in four quarters and the biggest since 2009 caused by a decline in crude petroleum output due to continued weakness in the energy sector and the wildfire in Alberta. GDP Growth Rate in Canada averaged 0.79 percent from 1961 until 2016, 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
Receive the next reported value for Canada GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 0.60 3.33 -2.30 1961 - 2016 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 October of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-01 01:30 PM Q4 0.2% 0.6% -0.1%
2016-05-31 12:30 PM Q1 0.6% 0.1% 0.4%
2016-08-31 12:30 PM Q2 -0.4% 0.6% -0.9%
2016-11-30 01:30 PM Q3 -0.4% 1.5%

Canada GDP Contracts 0.4% QoQ in Q2


The Canadian economy shrank 0.4 percent on quarter in the three months to June of 2016, following a 0.6 percent rise in the previous period. It is the first contraction in four quarters and the biggest since 2009 caused by a decline in crude petroleum output due to continued weakness in the energy sector and the wildfire in Alberta.

Exports of goods and services largely contributed to the decline in real GDP, down 4.5 percent, following a 1.9 percent increase in the first quarter. Sales of motor vehicles and parts were down 5.8 percent, mostly because of lower exports of passenger cars and light trucks (-6.6 percent). Exports of consumer goods (-6.8 percent) decreased across the board, resulting in the largest drop since the second quarter of 2003. Lower shipments of crude oil and crude bitumen (-9.6 percent) and refined petroleum energy products (-19.6 percent) pushed down exports of energy products (-7.5 percent). Exports of metal ores and non-metallic minerals were down 17.5 percent, the largest drop since the first quarter of 2009. The only major offset to the decline in exports was aircraft and other transportation equipment and parts, which rebounded 5.6 percent following two quarters of decrease. Imports rose 0.3 percent in the second quarter, following a 0.4 percent gain in the first quarter. 

Business gross fixed capital formation edged down 0.1 percent, following a similar decline in the previous quarter, led by lower investment in non-residential structures (-1.1 percent), which was partially offset by higher investment in housing (+0.3 percent) and machinery and equipment (+0.5 percent). Businesses drew down inventories by $307 million to compensate for lower production and imports, following a withdrawal of $8.5 billion in the previous quarter. Non-farm inventories were reduced by $1.6 billion.

Household expenditure continued to rise, up 0.5 percent, virtually matching the pace in the previous four quarters. Growth in the second quarter was mostly attributable to increased outlays on services (+0.8 percent), while household spending on goods was up 0.2 percent.

Government consumption rose 1.0 percent, partly as a result of government spending related to the wildfire in Fort McMurray. This was the sixth consecutive quarterly increase in government final consumption expenditure.

Excluding the impact of the large decline in crude petroleum output, the economy advanced 0.1 percent.

Expressed at an annualized rate, real GDP fell 1.6 percent, worse than market expectations of a 1.5 percent decline. 

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
8/31/2016 3:19:57 PM

Canada GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.40 0.60 3.33 -2.30 percent [+]
GDP Annual Growth Rate 0.90 1.20 8.80 -4.10 percent [+]
GDP Growth Annualized -1.60 2.50 9.30 -9.10 percent [+]
GDP 1550.54 1783.78 1837.44 40.77 USD Billion [+]
GDP Constant Prices 1776171.00 1783390.00 1783390.00 760402.00 CAD Million [+]
Gross National Product 1972716.00 1968996.00 1972716.00 343908.00 CAD Million [+]
Gross Fixed Capital Formation 380049.00 379970.00 412614.00 134930.00 CAD Million [+]
GDP per capita 50000.56 49895.98 50000.56 17663.57 USD [+]
GDP per capita PPP 42890.88 42801.18 42890.88 30115.28 USD [+]
GDP From Agriculture 26460.00 26518.00 28281.00 17867.00 CAD Million [+]
GDP From Construction 114396.00 114829.00 125158.00 61200.00 CAD Million [+]
GDP From Manufacturing 174358.00 171321.00 201185.00 149258.00 CAD Million [+]
GDP From Mining 126395.00 122015.00 142432.00 99541.00 CAD Million [+]
GDP From Public Administration 108984.00 108947.00 108984.00 72280.00 CAD Million [+]
GDP From Services 1184589.00 1182122.00 1184589.00 683158.00 CAD Million [+]
GDP From Transport 73339.00 72711.00 73683.00 45420.00 CAD Million [+]
GDP From Utilities 39030.00 37849.00 39556.00 30324.00 CAD Million [+]




Last
Bangladesh 7.05 Dec/16
Venezuela 6.80 Dec/13
Vietnam 6.40 Sep/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
South Africa 3.30 Jun/16
Sri Lanka 2.60 Jun/16
Paraguay 2.50 Jun/16
Iceland 2.10 Jun/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Hong Kong 1.60 Jun/16
Jamaica 1.60 Jun/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
India 1.40 Jun/16
Mongolia 1.40 Jun/16
United States 1.40 Jun/16
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Bahrain 1.20 Jun/16
Ghana 1.10 Mar/16
Hungary 1.00 Jun/16
Israel 1.00 Jun/16
Czech Republic 0.90 Jun/16
Mauritius 0.90 Mar/16
New Zealand 0.90 Jun/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Nigeria 0.82 Jun/16
South Korea 0.80 Jun/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
United Kingdom 0.70 Jun/16
Ireland 0.60 Jun/16
Latvia 0.60 Jun/16
Moldova 0.60 Jun/16
Netherlands 0.60 Jun/16
Switzerland 0.60 Jun/16
Ukraine 0.60 Jun/16
Australia 0.50 Jun/16
Belgium 0.50 Jun/16
Croatia 0.50 Jun/16
Estonia 0.50 Jun/16
Slovenia 0.50 Jun/16
Sweden 0.50 Jun/16
Denmark 0.40 Jun/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Austria 0.30 Jun/16
Cameroon 0.30 Mar/16
Euro Area 0.30 Jun/16
Portugal 0.30 Jun/16
Singapore 0.30 Jun/16
Turkey 0.30 Jun/16
Colombia 0.20 Jun/16
Greece 0.20 Jun/16
Japan 0.20 Jun/16
Lithuania 0.20 Jun/16
Malta 0.20 Jun/16
Tunisia 0.20 Jun/16
Taiwan 0.15 Jun/16
Belize 0.05 Jun/16
Finland 0.00 Jun/16
Italy 0.00 Jun/16
Mozambique 0.00 Jun/16
Norway 0.00 Jun/16
Peru 0.00 Mar/16
Serbia 0.00 Jun/16
Uruguay 0.00 Jun/16
France -0.10 Jun/16
Mexico -0.20 Jun/16
Canada -0.40 Jun/16
Chile -0.40 Jun/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Brazil -0.60 Jun/16
Botswana -1.30 Jun/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Rwanda -1.40 Jun/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Argentina -2.10 Jun/16
Senegal -2.50 Jun/16
Qatar -2.60 Mar/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16