The Gross Domestic Product (GDP) in Canada expanded 3.30 percent in the fourth quarter of 2021 over the same quarter of the previous year. source: Statistics Canada

GDP Annual Growth Rate in Canada averaged 3.02 percent from 1962 until 2021, reaching an all time high of 11.70 percent in the second quarter of 2021 and a record low of -12.60 percent in the second quarter of 2020. This page provides - Canada GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

GDP Annual Growth Rate in Canada is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada GDP Annual Growth Rate is projected to trend around 3.50 percent in 2023 and 2.50 percent in 2024, according to our econometric models.

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Canada GDP Annual Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate 1.60 1.30 percent Dec 2021
GDP Growth Annualized 6.70 5.50 percent Dec 2021
GDP Annual Growth Rate 3.30 3.80 percent Dec 2021
GDP Constant Prices 2125350.00 2091318.00 CAD Million Dec 2021
Gross National Product 2576444.00 2492104.00 CAD Million Dec 2021
Gross Fixed Capital Formation 461075.00 452446.00 CAD Million Dec 2021
GDP From Utilities 42798.00 43823.00 CAD Million Feb 2022
GDP From Transport 76221.00 73955.00 CAD Million Feb 2022
GDP From Services 1450353.00 1436901.00 CAD Million Feb 2022
GDP From Public Administration 139041.00 137835.00 CAD Million Feb 2022
GDP From Mining 156626.00 151405.00 CAD Million Feb 2022
GDP From Manufacturing 192160.00 191352.00 CAD Million Feb 2022
GDP From Construction 156390.00 152255.00 CAD Million Feb 2022
GDP From Agriculture 42208.00 41614.00 CAD Million Feb 2022

Canada GDP Annual Growth Rate
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. Finally, agriculture, forestry, fishing and hunting account for 2 percent of output. On the expenditure side, household consumption is the main component of GDP and accounts for 58 percent of its total use, followed by gross fixed capital formation (22 percent) and government expenditure (19 percent). Exports of goods and services account for 32 percent of GDP while imports account for 33 percent, subtracting 1 percent of total GDP. Non-profit institutions serving households' final consumption expenditure and investment in inventories account for the remaining 2 percent.
Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.80 11.70 -12.60 1962 - 2021 percent Quarterly