Canada GDP Growth Rate  1961-2018 | Data | Chart | Calendar | Forecast

The Canadian economy advanced 0.4 percent on quarter in the last three months of 2017, the same as in the previous period, boosted by higher business investment and residential structures. Expressed at an annualized rate, the GDP expanded 1.7 percent, higher than 1.5 percent in Q3 but below expectations of a 2 percent growth. GDP Growth Rate in Canada averaged 0.79 percent from 1961 until 2017, 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.

Canada GDP Growth Rate
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Canada GDP Growth Rate Steady at 0.4%


The Canadian economy advanced 0.4 percent on quarter in the last three months of 2017, the same as in the previous period, boosted by higher business investment and residential structures. Expressed at an annualized rate, the GDP expanded 1.7 percent, higher than 1.5 percent in Q3 but below expectations of a 2 percent growth.

Final domestic demand rose 1 percent.

Business gross fixed capital formation grew 2.3 percent, compared with 0.8 percent in the previous quarter. Higher investment in residential structures was the main contributor, increasing 3.2 percent following a flat third quarter. New housing construction (+3 percent) also rose, while renovations edged down 0.1 percent. Outlays on non-residential structures increased 1.3 percent) on higher investment in engineering structures (+2.1 percent)), while investment in non-residential buildings declined 0.8 percent). Business investment in machinery and equipment rose 3 percent), primarily because of increased outlays on aircraft and other transportation equipment. Investment in intellectual property products was unchanged overall. Increased outlays on research and development (+2.1 percent)) and software (+1.1 percent)) were offset by declines in mineral exploration and evaluation (-11 percent)).

Businesses accumulated CAD 14.2 billion of inventories in the fourth quarter, as manufacturers, retailers and wholesalers all added to their stocks.

Real household final consumption expenditure slowed to 0.5 percent growth, following a 0.9 percent increase in the previous quarter. Spending was up on durable (+0.4 percent), semi-durable (+0.3 percent) and non-durable (+0.4 percent) goods, as well as on services (+0.6 percent).

Exports rose 0.7 percent, following a 2.7 percent decline in the third quarter. Exports of goods went up 0.6 percent, following a 3.4 percent drop in the previous quarter. The gain was led by basic and industrial chemical, plastic and rubber products (+7.9 percent). Forestry products and building and packing materials (+3.5 percent) also contributed to the gain, as did motor vehicles and parts (+1.3 percent). Exports of services (+1.3 percent) increased for the eighth consecutive quarter, mainly travel services (+4.4 percent).

Imports were 1.5 percent higher after edging up 0.1 percent in the previous quarter. Imports of goods increased 1.8 percent, with notable gains in aircraft and other transportation equipment and parts (+24.6 percent) and electronic and electrical equipment and parts (+6.2 percent). Imports of services increased 0.4 percent following 1.3 percent growth in the third quarter. Most of the gain was in commercial services (+1.6 percent), while imports of travel services declined 1.6 percent following 4.3 percent growth in the third quarter.

Considerinng full 2017, the economy advanced 3 percent, following a 1.4 percent growth in 2016. Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year.


Statistics Canada | Joana Taborda | joana.taborda@tradingeconomics.com
3/2/2018 1:45:13 PM


Recent Releases

Canada GDP Growth Slows to 0.4% in Q3
The Canadian economy advanced 0.4 percent on quarter in the three months to September of 2017, following a downwardly revised 1 percent growth in the previous period. It is the weakest expansion since the second quarter of 2016 after work stoppages due to changes to certain models destined for the American market weighed down on exports of motor vehicles.
Published on 2017-12-01

Canada GDP Growth at Near 6-Year High in Q2
The Canadian economy expanded 1.1 percent on quarter in the three months to June of 2017, following a 0.9 percent growth in the previous period. It is the highest growth rate since the third quarter of 2011, mainly boosted by household consumption and exports of goods. The cumulative growth for the first two quarters of the year was 2 percent, the strongest since 2002.
Published on 2017-08-31

Canada GDP Growth Beats Expectations In Q1
The Canadian economy advanced 0.9 percent on quarter in the first three months of 2017, following an upwardly revised 0.7 percent expansion in the previous period. Growth was led by a surge in household purchases of vehicles and a rebound in business investment while exports fell. Expressed at an annualized rate, the GDP rose 3.7 percent, beating expectations of 3.6 percent.
Published on 2017-05-31

Canada GDP Growth Slows to 0.6% In Q4
The Canadian economy expanded 0.6 percent on quarter in the last three months of 2016, slowing from a 0.9 percent growth in the previous quarter. Final domestic demand continued to decelerate, with ongoing weakness in business investment. Considering full 2016, the economy expanded 1.4 percent, following a 0.9 growth in 2015.
Published on 2017-03-02



Calendar GMT Actual Previous Consensus TEForecast
2017-08-31 12:30 PM GDP Growth Rate QoQ 1.1% 0.9% 0.7%
2017-12-01 01:30 PM GDP Growth Rate QoQ 0.4% 1.0% 0.4%
2018-03-02 01:30 PM GDP Growth Rate QoQ 0.4% 0.4% 0.50%
2018-05-31 12:30 PM GDP Growth Rate QoQ 0.4% 0.2%
2018-08-30 12:30 PM GDP Growth Rate QoQ 0.6%
2018-11-30 01:30 PM GDP Growth Rate QoQ 0.3%


Canada GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.40 3.33 -2.30 percent [+]
GDP Annual Growth Rate 2.90 3.00 8.80 -4.10 percent [+]
GDP Growth Annualized 1.70 1.50 12.60 -9.10 percent [+]
GDP 1529.76 1552.81 1842.63 40.77 USD Billion [+]
GDP Constant Prices 1869857.00 1861926.00 1869857.00 316042.00 CAD Million [+]
Gross National Product 2153084.00 2119264.00 2153084.00 39836.00 CAD Million [+]
Gross Fixed Capital Formation 408291.00 399028.00 429248.00 52611.00 CAD Million [+]
GDP per capita 50231.90 50109.90 50231.90 17664.20 USD [+]
GDP per capita PPP 43087.80 42983.10 43087.80 30115.28 USD [+]
GDP From Agriculture 27558.00 27742.00 29055.00 17867.00 CAD Million [+]
GDP From Construction 125973.00 125341.00 130175.00 61200.00 CAD Million [+]
GDP From Manufacturing 183668.00 182326.00 201185.00 149258.00 CAD Million [+]
GDP From Mining 147344.00 151404.00 151643.00 99541.00 CAD Million [+]
GDP From Public Administration 109214.00 109268.00 109514.00 72280.00 CAD Million [+]
GDP From Services 1236046.00 1235954.00 1236046.00 683158.00 CAD Million [+]
GDP From Transport 79317.00 79484.00 79484.00 45420.00 CAD Million [+]
GDP From Utilities 40123.00 40183.00 40697.00 30324.00 CAD Million [+]


Canada GDP Growth Rate

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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 3.33 -2.30 1961 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
South Korea -0.20 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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