The GDP in Canada rose at an annualized 3.3% rate in the second quarter of 2026, after a 0.3% increase in the previous period, below market expectations of 3.4%. GDP Growth Annualized in Canada averaged 2.96 percent from 1961 until 2026, reaching an all time high of 36.30 percent in the third quarter of 2020 and a record low of -44.00 percent in the second quarter of 2020. source: Statistics Canada

GDP Growth Annualized in Canada is expected to be 1.30 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 2.10 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-29 12:30 PM
Annualized
Q1 -0.1% -1% 1.5% 0.7%
2026-08-28 12:30 PM
Annualized
Q2 3.3% 0.3% 3.4% 3.4%
2026-11-30 01:30 PM
Annualized
Q3 3.3% 1.3%


Related Last Previous Unit Reference
GDP Annual Growth Rate 1.10 0.10 percent Jun 2026
GDP Constant Prices 2524127.00 2503604.00 CAD Million Jun 2026
GDP from Agriculture 44330.00 44461.00 CAD Million Jun 2026
GDP from Construction 169534.00 169106.00 CAD Million Jun 2026
GDP from Manufacturing 202428.00 201269.00 CAD Million Jun 2026
GDP from Mining 123779.00 124509.00 CAD Million Jun 2026
GDP from Public Administration 171853.00 170661.00 CAD Million Jun 2026
GDP from Services 1778881.00 1771719.00 CAD Million Jun 2026
GDP from Transport 107405.00 107171.00 CAD Million Jun 2026
GDP from Utilities 48073.00 48616.00 CAD Million Jun 2026
GDP Growth Rate Annualized 3.30 0.30 percent Jun 2026
GDP Growth Rate 0.80 0.10 percent Jun 2026
Gross Fixed Capital Formation 534210.00 527399.00 CAD Million Jun 2026
Gross National Product 3379468.00 3267564.00 CAD Million Jun 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
3.30 0.30 36.30 -44.00 1961 - 2026 percent Quarterly
SA