Canada GDP Growth Rate 1961-2017 | Data | Chart | Calendar | Forecast

The Canadian economy advanced 0.4 percent on quarter in the three months to September of 2017, following a downwardly revised 1 percent growth in the previous period. It is the smallest expansion since the second quarter of 2016 after work stoppages and changes to certain models destined for the American market weighed down on exports of motor vehicles while rising household consumption was the main driver of the expansion. GDP Growth Rate in Canada averaged 0.79 percent from 1961 until 2017, reaching an all time high of 3.33 percent in the fourth quarter of 1963 and a record low of -2.30 percent in the first quarter of 2009.

Canada GDP Growth Rate
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Canada GDP Growth Slows to 0.4% in Q3


The Canadian economy advanced 0.4 percent on quarter in the three months to September of 2017, following a downwardly revised 1 percent growth in the previous period. It is the weakest expansion since the second quarter of 2016 after work stoppages due to changes to certain models destined for the American market weighed down on exports of motor vehicles.

Exports fell 2.7 percent while imports were flat in the quarter. Exports of goods decreased 3.4 percent following three quarters of growth, mainly due to lower sales of motor vehicles and parts (-9 percent) amid work stoppages and changes to certain models destined for the American market. Exports of metal and non-metallic mineral products (-4.5 percent), consumer goods (-3.1 percent) and energy products (-1.9 percent) also fell. Exports of services grew 0.7 percent on the strength of commercial services (+2.5 percent).

Businesses made additions to inventories totalling CAD 17.2 billion in real terms, marking the third consecutive quarter of accumulation. The economy-wide stock-to-sales ratio increased to 0.76 following four consecutive quarterly declines.

Household final consumption expenditure grew 1 percent as households increased their outlays on both services (+1.3 percent) and goods (+0.6 percent). The main contributor was increased expenditure by Canadians abroad (+7.2 percent), in tandem with an appreciating Canadian dollar.

Business gross fixed capital investment slowed to 0.4 percent from 0.7 percent in the previous quarter. Investment in non-residential structures (+0.5 percent), machinery and equipment (+1.5 percent) and intellectual property products (+0.7 percent) all increased, albeit at slower rates than in the strong second quarter. Investment in residential structures (-0.4 percent) fell for a second consecutive period.

The compensation of employees rose 1.3 percent in nominal terms, the strongest growth since the third quarter of 2014, while the gross operating surplus of corporations fell 0.7 percent.

Expressed at an annualized rate, real GDP rose 1.7 percent in the third quarter, below a downwardly revised 4.3 percent rise in the previous period but above expectations of 1.6 percent.

Statistics Canada | Joana Taborda |
12/1/2017 1:46:58 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-05-31 12:30 PM GDP Growth Rate QoQ 0.9% 0.7% 0.8%
2017-08-31 12:30 PM GDP Growth Rate QoQ 1.1% 0.9% 0.7%
2017-12-01 01:30 PM GDP Growth Rate QoQ 0.4% 1.0% 0.4%
2018-03-02 01:30 PM GDP Growth Rate QoQ 0.4%
2018-05-31 12:30 PM GDP Growth Rate QoQ
2018-08-30 12:30 PM GDP Growth Rate QoQ


Canada GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 1.00 3.33 -2.30 percent [+]
GDP Annual Growth Rate 3.00 3.60 8.80 -4.10 percent [+]
GDP Growth Annualized 1.70 4.30 12.60 -9.10 percent [+]
GDP 1529.76 1552.81 1842.63 40.77 USD Billion [+]
GDP Constant Prices 1860679.00 1852818.00 1860679.00 760402.00 CAD Million [+]
Gross National Product 2116304.00 2102704.00 2116304.00 39836.00 CAD Million [+]
Gross Fixed Capital Formation 397398.00 394026.00 429248.00 52611.00 CAD Million [+]
GDP per capita 50231.90 50109.90 50231.90 17664.20 USD [+]
GDP per capita PPP 43087.80 42983.10 43087.80 30115.28 USD [+]
GDP From Agriculture 26909.00 27041.00 29055.00 17867.00 CAD Million [+]
GDP From Construction 123046.00 122602.00 130175.00 61200.00 CAD Million [+]
GDP From Manufacturing 179317.00 179358.00 201185.00 149258.00 CAD Million [+]
GDP From Mining 150490.00 149501.00 153073.00 99541.00 CAD Million [+]
GDP From Public Administration 110112.00 109712.00 110112.00 72280.00 CAD Million [+]
GDP From Services 1230188.00 1228378.00 1230188.00 683158.00 CAD Million [+]
GDP From Transport 79082.00 78707.00 79082.00 45420.00 CAD Million [+]
GDP From Utilities 40912.00 40211.00 40912.00 30324.00 CAD Million [+]


Canada GDP Growth Rate

Canada's economy is diversified and highly developed. The foundation of Canadian economy is foreign trade and the United States is by far the nation's largest trade partner. Foreign trade is responsible for about 45 percent of the nation's gross domestic product (GDP). Canada is one of the few developed nations that is a net exporter of energy. This page provides - Canada GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 1.00 3.33 -2.30 1961 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17