GDP Growth Annualized in Canada increased to 3.70 percent in the second quarter of 2019 from 0.50 percent in the first quarter of 2019. GDP Growth Annualized in Canada averaged 3.12 percent from 1961 until 2019, reaching an all time high of 12.60 percent in the fourth quarter of 1963 and a record low of -9.10 percent in the first quarter of 2009.

GDP Growth Annualized in Canada is expected to be 1.50 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 1.30 in 12 months time. In the long-term, the Canada GDP Growth Annualized is projected to trend around 1.90 percent in 2020, according to our econometric models.

Canada GDP Growth Annualized
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 01:30 PM GDP Growth Rate Annualized Q3 2% 2.9% 2% 1.9%
2019-03-01 01:30 PM GDP Growth Rate Annualized Q4 0.4% 2% 1.2% 1.9%
2019-05-31 12:30 PM GDP Growth Rate Annualized Q1 0.4% 0.3% 0.7% 0.6%
2019-08-30 12:30 PM GDP Growth Rate Annualized Q2 3.7% 0.5% 3% 2.3%
2019-11-29 01:30 PM GDP Growth Rate Annualized Q3 3.7% 1.5%


Canada GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.10 3.10 -2.30 percent [+]
GDP Annual Growth Rate 1.60 1.40 9.30 -4.10 percent [+]
GDP Growth Annualized 3.70 0.50 12.60 -9.10 percent [+]
GDP 1709.30 1646.90 1842.02 40.77 USD Billion [+]
GDP Constant Prices 2085470.00 2066571.00 2085470.00 343571.00 CAD Million [+]
Gross National Product 2272620.00 2225712.00 2272620.00 39924.00 CAD Million [+]
Gross Fixed Capital Formation 426101.00 433466.00 473052.00 57964.00 CAD Million [+]
GDP per capita 51357.80 51126.20 51357.80 17665.10 USD [+]
GDP per capita PPP 44051.05 43852.42 44051.05 30264.47 USD [+]
GDP From Agriculture 42265.00 42340.00 42340.00 23668.00 CAD Million [+]
GDP From Construction 137465.00 138380.00 147533.00 71290.00 CAD Million [+]
GDP From Manufacturing 202491.00 202774.00 218407.00 162048.00 CAD Million [+]
GDP From Mining 148819.00 154144.00 156024.00 99564.00 CAD Million [+]
GDP From Public Administration 132427.00 132170.00 132427.00 82547.00 CAD Million [+]
GDP From Services 1394150.00 1389969.00 1394150.00 753366.00 CAD Million [+]
GDP From Transport 88815.00 89271.00 89574.00 51402.00 CAD Million [+]
GDP From Utilities 43436.00 42814.00 43857.00 31420.00 CAD Million [+]


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. This page provides - Canada Gdp Growth Annualized - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Growth Annualized - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 0.50 12.60 -9.10 1961 - 2019 percent Quarterly
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