The Canadian economy expanded an annualized 3.1% on quarter in the first three months of 2023, rebounding from a 0.1% fall in the previous period, and beating forecasts of a 2.5% increase. Favourable international trade and growth in household spending were moderated by slower inventory accumulations as well as declines in housing investment and business investment in machinery and equipment. source: Statistics Canada
GDP Growth Annualized in Canada averaged 3.04 percent from 1961 until 2023, reaching an all time high of 36.10 percent in the third quarter of 2020 and a record low of -43.70 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 June of 2023.
GDP Growth Annualized in Canada is expected to be 0.30 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 1.00 percent in 2024 and 2.00 percent in 2025, according to our econometric models.