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Canada GDP Growth Rate

Last Release
Jun 2021
Actual
-0.3 %
Forecast
N/A
Previous
1.4 %
Frequency
Quarterly
Units In
%
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
8.9 %
Sep 2020
-11.3 %
Jun 2020
0.75 %1961 - 2021Statistics Canada
Canada's economy is diversified and highly developed. Foreign trade is responsible for about 45 percent of the nation's GDP and the United States is by far the largest trade partner. 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.

Latest Updates

The Canadian economy unexpectedly shrank 0.3% on quarter in Q2 2021, ending three straight quarters of expansion mostly due to a decline in home resale activities and exports. So-called home ownership transfer costs shrank 17.7%, including all costs associated with the transfer of a residential asset from one owner to another. Meanwhile, international supply chain disruptions have constrained imports of parts mostly for the auto sector and led to a 4% decrease in exports. On a positive note, business inventories, government expenditure, business investment in machinery and equipment, and investment in new home construction and renovation were all higher. On an annualized basis, the Canadian economy contracted 1.1%, compared to forecasts of a 2.5% expansion.

Canada GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Aug 31, 202112:34Canada GDP Back to Contraction in Q2
Nov 29, 201913:54Canada GDP Growth Slows to 0.3% in Q3
Aug 30, 201913:22Canada Q2 GDP Growth Strongest in 2 Years
May 31, 201913:13Canada GDP Growth Remains Steady at 0.1% in Q1
DATETIMEEVENTActual
Aug 28, 202012:30GDP Growth Rate QoQ-11.5 %
May 29, 202012:30GDP Growth Rate QoQ-2.1 %
Feb 28, 202013:30GDP Growth Rate QoQ0.1 %

Canada gdp Indicators

All Canada indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
1,643.4
Dec 2020
1,741.6
Dec 2019
40.77
Dec 1961
1,842.02
Dec 2013
USD BillionYearly1960 - 2020
GDP Annual Growth Rate
12.7
Jun 2021
0.3
Mar 2021
-12.5
Jun 2020
12.7
Jun 2021
%Quarterly1962 - 2021
GDP Constant Prices
2,071,190
Jun 2021
2,077,183
Mar 2021
343,577
Mar 1961
2,101,480
Dec 2019
CAD MillionQuarterly1961 - 2021
GDP From Agriculture
46,188
Nov 2020
46,418
Oct 2020
23,668
Jun 1998
46,418
Oct 2020
CAD MillionMonthly1997 - 2020
GDP From Construction
138,918
Nov 2020
138,309
Oct 2020
71,294
Jan 1997
147,533
Nov 2014
CAD MillionMonthly1997 - 2020
GDP From Manufacturing
189,511
Nov 2020
186,802
Oct 2020
162,048
Jun 2009
218,222
Jan 2006
CAD MillionMonthly1997 - 2020

GDP Growth Rate across North America

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
-0.3
Jun 2021
1.4
Mar 2021
-11.3
Jun 2020
8.9
Sep 2020
%Quarterly1961 - 2021
Mexico
1.5
Jun 2021
0.8
Mar 2021
-17
Jun 2020
12.4
Sep 2020
%Quarterly1993 - 2021
United States
6.6
Jun 2021
6.3
Mar 2021
-31.4
Jun 2020
33.4
Sep 2020
%Quarterly1947 - 2021

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