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. 2014-04-24

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

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Canada GDP Annual Growth Rate
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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%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 1712001.00 2013-11-15 1699725.00 1712001.00 758823.00 1732921.31 2014-06-30 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 36396.13 2014-06-30 USD [+]
GDP per capita PPP 35936.26 2012-12-31 35738.70 36126.74 22635.37 36407.42 2014-06-30 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 1959.83 2014-06-30 USD Billion [+]
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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.


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