The Canadian economy shrank an annualized 8.2 percent on quarter in the first three months of 2020, following a 0.6 percent expansion in the previous period and compared with market forecasts of a 10 percent decline. It was the sharpest contraction since Q1 2009, amid the coronavirus pandemic.

GDP Growth Annualized in Canada averaged 3.06 percent from 1961 until 2020, 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. 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 May of 2020. source: Statistics Canada

GDP Growth Annualized in Canada is expected to be -9.50 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 1.70 percent in 2021 and 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
-8.20 0.60 12.60 -9.00 1961 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
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 0.3% 1.1% 0.3% 0.3%
2020-05-29 12:30 PM Q1 -8.2% 0.6% -10% -9%
2020-08-28 12:30 PM Q2 -8.2% -9.5%
2020-12-01 01:30 PM Q3 -4.5%

Canada GDP Last Previous Highest Lowest Unit
GDP Growth Rate -2.10 0.10 3.10 -2.30 percent [+]
GDP Annual Growth Rate -0.90 1.50 9.30 -4.10 percent [+]
GDP Growth Annualized -8.20 0.60 12.60 -9.00 percent [+]
GDP 1740.00 1709.30 1842.02 40.77 USD Billion [+]
GDP Constant Prices 2057160.00 2101480.00 2101480.00 343577.00 CAD Million [+]
Gross National Product 2279760.00 2314532.00 2314532.00 39924.00 CAD Million [+]
Gross Fixed Capital Formation 438786.00 439158.00 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 40966.00 40975.00 42347.00 23668.00 CAD Million [+]
GDP From Construction 138196.00 144552.00 147533.00 71294.00 CAD Million [+]
GDP From Manufacturing 185841.00 198769.00 218222.00 162048.00 CAD Million [+]
GDP From Mining 141143.00 148511.00 159629.00 99558.00 CAD Million [+]
GDP From Public Administration 128957.00 135089.00 135089.00 82547.00 CAD Million [+]
GDP From Services 1296191.00 1411203.00 1411249.00 753361.00 CAD Million [+]
GDP From Transport 77068.00 87823.00 90283.00 51402.00 CAD Million [+]
GDP From Utilities 43853.00 43658.00 44555.00 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.