The Canadian economy expanded an annualized 3.1% on quarter in the first three months of 2022, the weakest performance in three quarters and well below forecasts of 5.4%. Strong household spending and investment was partially offset by a drop in exports volumes, namely energy products. source: Statistics Canada

GDP Growth Annualized in Canada averaged 3.04 percent from 1961 until 2022, reaching an all time high of 35.90 percent in the third quarter of 2020 and a record low of -44.20 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 June of 2022.

GDP Growth Annualized in Canada is expected to be 4.50 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 3.00 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Canada GDP Growth Annualized

Calendar GMT Actual Previous Consensus TEForecast
2022-03-01 01:30 PM Q4 6.7% 5.5% 6.5% 5.5%
2022-05-31 12:30 PM Q1 3.1% 6.6% 5.4% 5.6%
2022-08-31 12:30 PM Q2 3.1% 4.5%

Related Last Previous Unit Reference
GDP Growth Rate 0.80 1.60 percent Mar 2022
GDP Growth Annualized 3.10 6.60 percent Mar 2022
GDP Annual Growth Rate 2.90 3.20 percent Mar 2022
GDP Constant Prices 2140751.00 2124709.00 CAD Million Mar 2022
Gross National Product 2677132.00 2583856.00 CAD Million Mar 2022
Gross Fixed Capital Formation 474338.00 462135.00 CAD Million Mar 2022
GDP From Utilities 42110.00 42548.00 CAD Million Mar 2022
GDP From Transport 78184.00 75751.00 CAD Million Mar 2022
GDP From Services 1456235.00 1447476.00 CAD Million Mar 2022
GDP From Public Administration 140846.00 140073.00 CAD Million Mar 2022
GDP From Mining 154247.00 152133.00 CAD Million Mar 2022
GDP From Manufacturing 194667.00 192998.00 CAD Million Mar 2022
GDP From Construction 155408.00 153556.00 CAD Million Mar 2022
GDP From Agriculture 41593.00 41181.00 CAD Million Mar 2022

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
3.10 6.60 35.90 -44.20 1961 - 2022 percent Quarterly