The Canadian economy unexpectedly shrank an annualized 1.1% on quarter in Q2 2021, compared to market forecasts of a 2.5% growth. source: Statistics Canada

GDP Growth Annualized in Canada averaged 3.03 percent from 1961 until 2021, reaching an all time high of 36.40 percent in the third quarter of 2020 and a record low of -45.10 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 September of 2021.

GDP Growth Annualized in Canada is expected to be 3.00 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 2.00 percent in 2022, according to our econometric models.

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Canada GDP Growth Annualized

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 5.50 36.40 -45.10 1961 - 2021 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-12-01 01:30 PM Q3 40.5% -38.1% 47.6% 46%
2021-03-02 01:30 PM Q4 9.6% 40.6% 7.5% 7.8%
2021-06-01 12:30 PM Q1 5.6% 9.3% 6.7% 7.1%
2021-08-31 12:30 PM Q2 -1.1% 5.5% 2.5% 3.1%
2021-11-30 01:30 PM Q3 -1.1%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

Canada GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.30 1.40 9.10 -11.30 percent [+]
GDP Annual Growth Rate 12.70 0.30 12.70 -12.60 percent [+]
GDP Growth Annualized -1.10 5.50 36.40 -45.10 percent [+]
GDP 1643.40 1741.60 1846.60 40.50 USD Billion [+]
GDP Constant Prices 2071190.00 2077183.00 2114113.00 343577.00 CAD Million [+]
Gross National Product 2443296.00 2383716.00 2443296.00 39924.00 CAD Million [+]
Gross Fixed Capital Formation 459534.00 463277.00 473052.00 57964.00 CAD Million [+]
GDP per capita 48617.09 51956.84 51956.84 16405.91 USD [+]
GDP per capita PPP 45856.63 49006.74 49006.74 33292.91 USD [+]
GDP From Agriculture 47861.00 47703.00 48065.00 23668.00 CAD Million [+]
GDP From Construction 145415.00 146663.00 150329.00 71294.00 CAD Million [+]
GDP From Manufacturing 187768.00 185272.00 218222.00 139556.00 CAD Million [+]
GDP From Mining 153026.00 150463.00 165334.00 99558.00 CAD Million [+]
GDP From Public Administration 138618.00 138049.00 138618.00 82547.00 CAD Million [+]
GDP From Services 1393175.00 1383731.00 1417999.00 753361.00 CAD Million [+]
GDP From Transport 71300.00 70526.00 90666.00 51402.00 CAD Million [+]
GDP From Utilities 43356.00 41832.00 44068.00 31420.00 CAD Million [+]


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.