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

The Canadian economy expanded 0.6 percent on quarter in the first three months of 2016, following a downwardly revised 0.1 percent growth in the previous period, mainly due to a rebound in exports. The annualized growth rate advanced to 2.4 percent from a downwardly revised 0.5 percent, but missing market expectations of 2.9 percent growth. GDP Growth Rate in Canada averaged 0.80 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
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Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.20 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-01 01:30 PM Q3 0.6% -0.1% 0.3%
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 0.6% -0.9%
2016-11-30 01:30 PM Q3 1.5%

Canada GDP Growth Picks Up in Q1


The Canadian economy expanded 0.6 percent on quarter in the first three months of 2016, following a downwardly revised 0.1 percent growth in the previous period, mainly due to a rebound in exports. The annualized growth rate advanced to 2.4 percent from a downwardly revised 0.5 percent, but missing market expectations of 2.9 percent growth.

Exports were the largest contributor to real GDP growth in the first quarter, up 1.7 percent following a 0.4 percent decline in the previous quarter. The volume of exports of goods increased 1.9 percent, while that of services advanced 0.7 percent. Imports were up 0.3 percent.

Final domestic demand was up 0.3 percent, after edging down 0.1 percent in the previous quarter.

Business non-residential investment fell 2.5 percent, the fifth consecutive quarterly decline, driven by lower investment in engineering structures (-4.3 percent).

Housing investment was up 2.7 percent in the first quarter, with increases in new home construction, renovations and resale activity. Household final consumption expenditure rose 0.6 percent, with increased outlays on goods (+1.1 percent) and services (+0.2 percent).

Businesses drew down inventories by a further $7.0 billion, after a $5.6 billion withdrawal in the previous quarter. The stock-to-sales ratio edged down.

Government final consumption expenditure increased 0.4 percent in the first quarter from 0.1 percent increase in the previous period.

Expressed at an annualized rate, real GDP rose 2.4 percent in the first quarter, following a downwardly revised 0.5 percent growth but missing market expectations of 2.9 percent. 

Statistics Canada | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/31/2016 1:43:49 PM

Canada GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.20 3.33 -2.30 percent [+]
GDP Annual Growth Rate 1.10 0.30 8.80 -4.10 percent [+]
GDP Growth Annualized 2.40 0.50 9.60 -8.80 percent [+]
GDP 1550.54 1783.78 1837.44 40.77 USD Billion [+]
GDP Constant Prices 1782972.00 1772440.00 1782972.00 760402.00 CAD Million [+]
Gross National Product 1970512.00 1974612.00 1974612.00 343908.00 CAD Million [+]
Gross Fixed Capital Formation 379005.00 380587.00 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 26157.00 26177.00 28952.00 18674.00 CAD Million [+]
GDP From Construction 114970.00 115744.00 120553.00 57172.00 CAD Million [+]
GDP From Manufacturing 171247.00 175823.00 199494.00 149709.00 CAD Million [+]
GDP From Mining 121255.00 129701.00 142190.00 99076.00 CAD Million [+]
GDP From Public Administration 109330.00 108396.00 110752.00 75620.00 CAD Million [+]
GDP From Services 1182394.00 1178231.00 1182394.00 687428.00 CAD Million [+]
GDP From Transport 72790.00 73066.00 73914.00 45292.00 CAD Million [+]
GDP From Utilities 37776.00 38500.00 41236.00 29871.00 CAD Million [+]




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Venezuela 6.80 Dec/13
Bangladesh 6.51 Dec/15
Vietnam 5.55 Jun/16
Sri Lanka 5.50 Mar/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
Mongolia 3.10 Mar/16
Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Moldova 1.70 Mar/16
Hong Kong 1.60 Jun/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
United States 1.20 Jun/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Hungary 1.10 Jun/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Czech Republic 0.90 Jun/16
Israel 0.90 Jun/16
Mauritius 0.90 Mar/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Paraguay 0.80 Mar/16
Thailand 0.80 Jun/16
Turkey 0.80 Mar/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Denmark 0.70 Mar/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
New Zealand 0.70 Mar/16
South Korea 0.70 Jun/16
Spain 0.70 Jun/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Netherlands 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Belgium 0.50 Jun/16
Slovenia 0.50 Mar/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Latvia 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Estonia 0.30 Jun/16
Euro Area 0.30 Jun/16
Finland 0.30 Jun/16
Greece 0.30 Jun/16
Malta 0.30 Mar/16
Singapore 0.30 Jun/16
Sweden 0.30 Jun/16
Colombia 0.20 Mar/16
Portugal 0.20 Jun/16
Taiwan 0.15 Jun/16
Lithuania 0.10 Jun/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
France 0.00 Jun/16
Italy 0.00 Jun/16
Japan 0.00 Jun/16
Mozambique 0.00 Jun/16
Peru 0.00 Mar/16
Trinidad And Tobago -0.10 Dec/15
Mexico -0.20 Jun/16
Brazil -0.30 Mar/16
Chile -0.40 Jun/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Jamaica -0.60 Mar/16
Argentina -0.70 Mar/16
Belize -1.07 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16