GDP Growth Annualized in Canada increased to 5.40 percent in the third quarter of 2021 from -3.20 percent in the second quarter of 2021. source: Statistics Canada

GDP Growth Annualized in Canada averaged 3.03 percent from 1961 until 2021, reaching an all time high of 36.40 percent in the third quarter of 2020 and a record low of -45.10 percent in the second quarter of 2020. This page provides - Canada Gdp Growth Annualized - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Growth Annualized - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Growth Annualized in Canada is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada GDP Growth Annualized is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Canada GDP Growth Annualized

Calendar GMT Actual Previous Consensus TEForecast
2021-08-31 12:30 PM Q2 -1.1% 5.5% 2.5% 3.1%
2021-11-30 01:30 PM Q3 5.4% -3.2% 3% 2.9%
2022-03-01 01:30 PM Q4 5.4%

Related Last Previous Unit Reference
GDP Growth Rate 1.30 -0.80 percent Sep/21
GDP Growth Annualized 5.40 -3.20 percent Sep/21
GDP Annual Growth Rate 4.00 11.80 percent Sep/21
GDP Constant Prices 2093927.00 2066339.00 CAD Million Sep/21
Gross National Product 2487916.00 2443296.00 CAD Million Sep/21
Gross Fixed Capital Formation 447648.00 464437.00 CAD Million Sep/21
GDP From Utilities 41501.00 41664.00 CAD Million Sep/21
GDP From Transport 73616.00 73683.00 CAD Million Sep/21
GDP From Services 1421004.00 1415824.00 CAD Million Sep/21
GDP From Public Administration 139280.00 137619.00 CAD Million Sep/21
GDP From Mining 160569.00 158687.00 CAD Million Sep/21
GDP From Manufacturing 182592.00 185728.00 CAD Million Sep/21
GDP From Construction 143224.00 144218.00 CAD Million Sep/21
GDP From Agriculture 35122.00 35474.00 CAD Million Sep/21
Canada GDP Growth Annualized
GDP Annualized Growth Rate shows the gdp growth that would be registered if the quarter-on-quarter rate of change were maintained for a full year. 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.