The Canadian economy expanded an annualized 9.6 percent on quarter in the last three months of 2020, following a record 40.6 percent growth in the previous period. Figures beat market forecasts of a 7.5 percent rise. Considering full 2020, the economy shrank 5.4 percent, the biggest contraction since quarterly records began in 1961, due to the coronavirus pandemic. source: Statistics Canada
GDP Growth Annualized in Canada averaged 3.05 percent from 1961 until 2020, reaching an all time high of 40.60 percent in the third quarter of 2020 and a record low of -45.70 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 May of 2021.
GDP Growth Annualized in Canada is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Annualized in Canada to stand at 2.00 in 12 months time. In the long-term, the Canada GDP Growth Annualized is projected to trend around 2.00 percent in 2022, according to our econometric models.