Canada GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Canada expanded 2.22 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Canada averaged 3.29 Percent from 1962 until 2014, 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. GDP Annual Growth Rate in Canada is reported by the Statistics Canada.
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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.