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Canada GDP Growth Rate

Last Release
Sep 2020
Actual
8.9 %
Forecast
N/A
Previous
-11.3 %
Frequency
Quarterly
Units In
%
Next Release
Mar 2, 2021
Time to Release
1 Months 3 Days 7 Hours
Highest
Lowest
Average
Date Range
Source
8.9 %
Sep 2020
-11.3 %
Jun 2020
0.75 %1961 - 2020Statistics 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 advance 0.3 percent on quarter in the three months to September 2019, slowing from a 0.9 percent expansion in the previous period.Growth was mainly driven by business investment and household spending. Expressed at an annualized rate, real GDP advanced 1.3 percent in the third quarter, easing from a 3.7 percent growth in the prior period and beating market consensus of 1.2 percent.

Canada GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
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 %

A Look at the Markets

Educational Pieces on Marco Indicators

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Canada gdp Indicators

All Canada indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
1,736.43
Dec 2019
1,716.26
Dec 2018
40.77
Dec 1961
1,842.02
Dec 2013
USD BillionYearly1960 - 2019
GDP Annual Growth Rate
-5.2
Sep 2020
-12.5
Jun 2020
-12.5
Jun 2020
9.3
Mar 1962
%Quarterly1962 - 2020
GDP Constant Prices
2,003,084
Sep 2020
1,839,804
Jun 2020
343,577
Mar 1961
2,101,480
Dec 2019
CAD MillionQuarterly1961 - 2020
GDP From Agriculture
46,418
Oct 2020
42,010
Aug 2020
23,668
Jun 1998
46,418
Oct 2020
CAD MillionMonthly1997 - 2020
GDP From Construction
138,309
Oct 2020
142,337
Aug 2020
71,294
Jan 1997
147,533
Nov 2014
CAD MillionMonthly1997 - 2020
GDP From Manufacturing
186,802
Oct 2020
190,551
Aug 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
8.9
Sep 2020
-11.3
Jun 2020
-11.3
Jun 2020
8.9
Sep 2020
%Quarterly1961 - 2020
Mexico
12.1
Sep 2020
-17
Jun 2020
-17
Jun 2020
12.1
Sep 2020
%Quarterly1993 - 2020
United States
33.4
Sep 2020
-31.4
Jun 2020
-31.4
Jun 2020
33.4
Sep 2020
%Quarterly1947 - 2020

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