The Canadian economy expanded an annualized 1.3 percent on quarter in the three months to September of 2019, below a downwardly revised 3.5 percent growth in the previous period and compared with market expectations of 3.5 percent. GDP Growth Annualized in Canada averaged 3.12 percent from 1961 until 2019, reaching an all time high of 12.60 percent in the fourth quarter of 1963 and a record low of -9 percent in the first quarter of 2009. source: Statistics Canada

GDP Growth Annualized in Canada is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Annualized in Canada to stand at 1.50 in 12 months time. In the long-term, the Canada GDP Growth Annualized is projected to trend around 1.90 percent in 2020, according to our econometric models.

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Canada GDP Growth Annualized

Actual Previous Highest Lowest Dates Unit Frequency
1.30 3.50 12.60 -9.00 1961 - 2019 percent Quarterly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-03-01 01:30 PM Q4 0.4% 2% 1.2% 1.9%
2019-05-31 12:30 PM Q1 0.4% 0.3% 0.7% 0.6%
2019-08-30 12:30 PM Q2 3.7% 0.5% 3% 2.3%
2019-11-29 01:30 PM Q3 1.3% 3.5% 1.2% 1.5%
2020-02-28 01:30 PM Q4 1.3% 1.5%
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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.

Canada GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.90 3.10 -2.30 percent [+]
GDP Annual Growth Rate 1.70 1.90 9.30 -4.10 percent [+]
GDP Growth Annualized 1.30 3.50 12.60 -9.00 percent [+]
GDP 1709.30 1646.90 1842.02 40.77 USD Billion [+]
GDP Constant Prices 2099200.00 2092327.00 2099200.00 343577.00 CAD Million [+]
Gross National Product 2285996.00 2280528.00 2285996.00 39924.00 CAD Million [+]
Gross Fixed Capital Formation 443216.00 432880.00 473052.00 57964.00 CAD Million [+]
GDP per capita 51357.80 51126.20 51357.80 17665.10 USD [+]
GDP per capita PPP 44051.05 43852.42 44051.05 30264.47 USD [+]
GDP From Agriculture 40418.00 41003.00 41208.00 23668.00 CAD Million [+]
GDP From Construction 142526.00 143310.00 147533.00 71294.00 CAD Million [+]
GDP From Manufacturing 197546.00 200823.00 218222.00 162048.00 CAD Million [+]
GDP From Mining 147158.00 147162.00 159629.00 99558.00 CAD Million [+]
GDP From Public Administration 133636.00 133332.00 133636.00 82547.00 CAD Million [+]
GDP From Services 1401573.00 1401225.00 1401573.00 753361.00 CAD Million [+]
GDP From Transport 88786.00 87603.00 89469.00 51402.00 CAD Million [+]
GDP From Utilities 43339.00 43119.00 44134.00 31420.00 CAD Million [+]