Canada's economy grew 6.7% in the fourth quarter on an annualized basis, beating analyst expectations of 6.5 percent and quickening from an upwardly revised 5.50 percent expansion in the third quarter of 2021. source: Statistics Canada

GDP Growth Annualized in Canada averaged 3.09 percent from 1961 until 2021, reaching an all time high of 41.10 percent in the third quarter of 2020 and a record low of -37.40 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 2022.

GDP Growth Annualized in Canada is expected to be 4.10 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
2021-11-30 01:30 PM Q3 5.4% -3.2% 3% 2.9%
2022-03-01 01:30 PM Q4 6.7% 5.5% 6.5% 5.5%
2022-05-31 12:30 PM Q1 6.7% 5.4% 5.6%

Related Last Previous Unit Reference
GDP Growth Rate 1.60 1.30 percent Dec 2021
GDP Growth Annualized 6.70 5.50 percent Dec 2021
GDP Annual Growth Rate 3.30 3.80 percent Dec 2021
GDP Constant Prices 2125350.00 2091318.00 CAD Million Dec 2021
Gross National Product 2576444.00 2492104.00 CAD Million Dec 2021
Gross Fixed Capital Formation 461075.00 452446.00 CAD Million Dec 2021
GDP From Utilities 42798.00 43823.00 CAD Million Feb 2022
GDP From Transport 76221.00 73955.00 CAD Million Feb 2022
GDP From Services 1450353.00 1436901.00 CAD Million Feb 2022
GDP From Public Administration 139041.00 137835.00 CAD Million Feb 2022
GDP From Mining 156626.00 151405.00 CAD Million Feb 2022
GDP From Manufacturing 192160.00 191352.00 CAD Million Feb 2022
GDP From Construction 156390.00 152255.00 CAD Million Feb 2022
GDP From Agriculture 42208.00 41614.00 CAD Million Feb 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
6.70 5.50 41.10 -37.40 1961 - 2021 percent Quarterly