Canada GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Canada expanded 2.66 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Canada is reported by the Statistics Canada. GDP Annual Growth Rate in Canada averaged 3.30 Percent from 1962 until 2013, reaching an all time high of 8.80 Percent in the first quarter of 1962 and a record low of -3.70 Percent in the fourth quarter of 1982. Like in many developed nations, in Canada services account for more than 70 percent of GDP. Within services the most important are: Finance, insurance, real estate, rental and leasing and management of companies and enterprises (21 percent of total GDP); Retail and wholesale trade (12 percent), Health (8 percent) and Public administration (6 percent). Manufacturing accounts for 13 percent of the output and Construction for 6 percent. Mining and oil and gas extraction constitute only 4 percent of GDP, yet Canada is a net exporter of energy. Also, although Agriculture, forestry, fishing and hunting account for 2 percent of output, the country is one of the world's largest suppliers of agricultural products. This page provides - Canada GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.66 2.16 8.80 -3.70 2.95 | 2014/03 1962 - 2013 Percent Quarterly


Canada GDP Annual Growth Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-01 01:30 PM Canada
GDP Growth Rate YoY
Q4 2012 1.1% 1.5%

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 1712001.00 2013-11-15 1699725.00 1712001.00 758823.00 1719881.97 2014-03-31 CAD Million [+]
Gdp Growth Annualized 2.89 2013-11-15 2.66 8.54 -8.99 2.43 2014-03-31 Percent [+]
Gross Fixed Capital Formation 396446.00 2013-11-15 399916.00 401645.00 134073.00 396739.31 2014-03-31 CAD Million [+]
Gross National Product 1870288.00 2013-11-15 1859116.00 1870288.00 343088.00 1886199.17 2014-03-31 CAD Million [+]
GDP per capita 35992.10 2012-12-31 35794.30 36182.90 12931.40 36149.66 2013-12-31 USD [+]
GDP per capita PPP 35936.26 2012-12-31 35738.70 36126.74 22635.37 36208.91 2013-12-31 USD [+]
GDP Growth Rate 0.70 2013-12-31 0.70 3.33 -1.80 0.94 2014-03-31 Percent [+]
GDP Annual Growth Rate 2.66 2013-12-31 2.16 8.80 -3.70 2.95 2014-03-31 Percent [+]
GDP 1821.40 2012-12-31 1777.80 1821.40 40.80 1919.74 2013-12-31 USD Billion [+]

GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
Canadian Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Canadian jobless rate fell to 6.9 from 7.0 percent in the previous month and 7.2 percent a year earlier. Employment increased by 42,900, driven by gains among youths, compared with a loss of 7,000 jobs in February.
Canadian Trade Balance Turns to a CAD 290 Million Surplus  
Trade balance in Canada recorded a surplus of CAD 290 million in February of 2014, following a CAD 337 million deficit in January, as exports grew 3.6 percent and imports were up 2.1 percent. Motor vehicles and parts, and energy products improved exports, while imports increased for energy products.
Canada Inflation Rate Slows in February  
Canadian annual inflation rate decelerated for the first time in 4 months to 1.1 percent, after hitting a 19-month high 1.5 percent in January. The slowdown is mainly due to a 1.3 percent fall in gasoline prices, following a 4.6 percent increase in January.
Canada Trade Deficit Narrows Sharply in January  
Canadian trade deficit decreased to CAD 172 million in the first month of 2014 from CAD 922 million in December of 2013 as imports declined 1.6 percent while exports edged up 0.2 percent.
Canada Unemployment Rate Steady at 7%  
In February of 2014, Canada's jobless rate remained unchanged at 7 percent. There has been little overall employment growth in Canada since August 2013.
Canada Leaves Monetary Policy Unchanged  
At its March 5th, 2014 meeting, Canada's central bank decided to leave the overnight rate unchanged at 1 percent, as widely expected, citing balanced risks to inflation, housing market and household debt.
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.
Canada's Current Account Deficit Widened in Q4  
Canada's current account deficit increased by CAD 1.2 billion to CAD 16.0 billion in the fourth quarter of 2013. It is the highest deficit in the last five quarters, as exports fell due to lower crude oil prices and imports rose.
Canada Inflation Up to 19-Month High in January  
Canada’s annual inflation rate accelerated in January of 2014 to 1.5 percent from 1.2 percent in the previous month, boosted by higher shelter costs.


Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
Euro Area Inflation Rate Confirmed at 0.5% in March  
Euro area annual inflation was 0.5 percent in March of 2014, matching initial estimates and slowing from 0.7 percent in February. On a monthly basis, prices increased 0.9 percent, up from 0.3 percent in the previous month.
UK Unemployment Rate Down to 5-Year Low  
In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.
Chinese GDP Growth Slows in Q1  
China’s economy advanced 7.4 percent in the first quarter of 2014, slowing from a 7.7 percent expansion in the previous period, but beating market forecasts. It is the lowest growth since the third quarter of 2012, as exports and imports contracted and growth in fixed asset investment eased.

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