Canada GDP Growth Rate 1961-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Canada contracted 0.10 percent in the second quarter of 2015 over the previous quarter, following a downwardly revised 0.2 percent contraction in the first three months of the year and below market expectations. GDP Growth Rate in Canada averaged 0.81 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 -1.80 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
-0.10 -0.10 3.33 -1.80 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. Content for - Canada GDP Growth Rate - was last refreshed on Thursday, September 3, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-03 01:30 PM Q4 0.6% 0.8%(R) 0.5%
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%
2015-11-27 01:30 PM Q3 -0.1% 0.22%


Canada GDP Contracts Again in Q2


The Canadian economy shrank 0.1 percent on quarter in the three months to June of 2015, following a downwardly revised 0.2 percent contraction in the previous period, hurt by a slump in investment.

Business gross fixed capital formation decreased 2.0 percent, the second consecutive quarterly decline. Lower business investment in non-residential structures and machinery and equipment (-3.1 percent) were the main contributors to the decline. Other factors contributing to the decrease included a 4.1 percent decline in new housing construction and a 33.2 percent drop in business outlays on mineral exploration and evaluation.

Household final consumption expenditure rose 0.6 percent, following a 0.1 percent gain in the first quarter. Increased spending on durable goods and semi-durable goods more than offset decreased spending on non-durable goods. Outlays on services were up 0.8 percent.

Inventory accumulation slowed in the second quarter as businesses added $7.1 billion worth of goods to inventories, down from the $12.1 billion added in the first quarter. 

Final domestic demand was flat after declining 0.5 percent in the first quarter.

Exports of goods and services edged up 0.1 percent after decreasing 0.3 percent in the first quarter. Exports of goods were 0.2 percent higher while services fell 0.3 percent. Imports of goods and services were down 0.4 percent.

Expressed at an annualized rate, real GDP contracted 0.5 percent in the second quarter and 0.8 percent in the first quarter.

Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
9/1/2015 1:41:09 PM


Recent Releases

Canada GDP Contracts 0.1% in Q1
The Canadian economy shrank 0.1 percent on quarter in the first three months of 2015, compared to a 0.6 percent growth in the previous period. This was the first contraction since the second quarter of 2011 as domestic demand, business investments and exports declined.
Published on 2015-05-29

Canada GDP Growth Slows in Q4
The Canadian economy rose 0.6 percent on quarter in the last three months of 2014, down from a revised 0.8 percent increase in the previous period and dragged down by a fall in business investment and exports.
Published on 2015-03-03

Canada GDP Growth Slows in Q3
The Canadian economy expanded 0.7 percent in the third quarter, following a 0.9 percent rise in the previous period. Net exports, consumer spending and investment contributed the most to the growth while inventories dragged the expansion down.
Published on 2014-11-28

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.
Published on 2014-08-29


Canada GDP Last Previous Highest Lowest Unit
GDP 1786.66 1838.96 1838.96 40.77 USD Billion [+]
GDP Growth Rate -0.10 -0.10 3.33 -1.80 percent [+]
GDP Growth Annualized -0.50 -0.80 8.50 -9.00 percent [+]
GDP Annual Growth Rate 1.00 2.00 8.80 -3.90 percent [+]
GDP Constant Prices 1759190.00 1761560.00 1765019.00 758823.00 CAD Million [+]
Gross National Product 1945444.00 1943628.00 1961128.00 343088.00 CAD Million [+]
GDP per capita 38293.28 37753.63 38293.28 12930.99 USD [+]
Gross Fixed Capital Formation 394150.00 400446.00 409268.00 134073.00 CAD Million [+]
GDP per capita PPP 42816.51 42213.12 42816.51 29977.04 USD [+]
GDP From Agriculture 25902.00 25781.00 28952.00 18674.00 CAD Million [+]
Gdp From Construction 114257.00 114897.00 118556.00 57172.00 CAD Million [+]
Gdp From Manufacturing 171563.00 170906.00 199494.00 149709.00 CAD Million [+]
Gdp From Mining 133563.00 129495.00 142190.00 99076.00 CAD Million [+]
Gdp From Public Administration 110416.00 110623.00 110623.00 75620.00 CAD Million [+]
Gdp From Services 1165327.00 1161410.00 1165327.00 687428.00 CAD Million [+]
Gdp From Transport 69062.00 68953.00 69677.00 45292.00 CAD Million [+]
Gdp From Utilities 39671.00 39621.00 41236.00 29871.00 CAD Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.20 Jun/15 0.90 4.40 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Jun/15 -0.10 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.30 Jun/15 0.40 6.00 -3.00 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]