Key information about Canada Nominal GDP Growth

• Canada Nominal GDP Growth was reported at 4.311 % in Sep 2024.
• This records a decrease from the previous number of 5.115 % for Jun 2024.
• Canada Nominal GDP Growth data is updated quarterly, averaging 6.510 % from Mar 1958 to Sep 2024, with 267 observations.
• The data reached an all-time high of 23.418 % in Jun 2021 and a record low of -12.831 % in Jun 2020.
• Canada Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

Quarterly expenditure-based, gross domestic product, Canada, in chained (2017) and current dollars.

The statistic shows the gross domestic product growth rate in Canada from 2019 to 2023, with projections up until 2029. In 2023, Canada’s real GDP growth was around 1.25 percent compared to the previous year.Economy of CanadaAs an indicator for the shape of a country’s economy, there are not many factors as telling as GDP. GDP is the total market value of all final goods and services that have been produced within a country within a given period of time, usually a year. Real GDP figures serve as an even more reliable tool in determining the direction in which a country’s economy may be swaying, as they are adjusted for inflation and reflect real price changes.Canada is one of the largest economies in the world and is counted among the globe’s wealthiest nations. It has a relatively small labor force in comparison to some of the world’s other largest economic powers, amounting to just under 19 million. Unemployment in Canada has remained relatively high as the country has battled against the tide of economic woe that swept across the majority of the world after the 2008 financial meltdown, and although moving in the right direction, there is still some way to go for Canada.Canada is among the leading trading nations worldwide, owing to the absolutely vast supplies of natural resources, which make up a key part of the Canadian trading relationship with the United States, the country with which Canada trades by far the most. In recent years, around three quarters of Canadian exports went to the United States and just over half of its imports came from its neighbor to the south. The relationship is very much mutually beneficial; Canada is the leading foreign energy supplier to the United States.

Gross Domestic Product (GDP) at basic prices, by various North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, all levels of industries, (dollars x 1,000,000), annual, 5 most recent time periods.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Canada (CANGDPRQPSMEI) from Q1 1962 to Q4 2024 about Canada, real, GDP, and rate.

Canada CA: GDP: Growth: Volume: Gross Fixed Capital Formation data was reported at 2.498 % in Dec 2026. This records an increase from the previous number of 2.477 % for Sep 2026. Canada CA: GDP: Growth: Volume: Gross Fixed Capital Formation data is updated quarterly, averaging 3.550 % from Jun 1961 (Median) to Dec 2026, with 263 observations. The data reached an all-time high of 74.683 % in Sep 2020 and a record low of -42.797 % in Jun 2020. Canada CA: GDP: Growth: Volume: Gross Fixed Capital Formation data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. ITV_ANNPCT - Gross fixed capital formation, total, volume, growth . Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Canada CA: GDP: Growth: Deflator: Double Hit Scenario data was reported at 1.558 % in Dec 2021. This records an increase from the previous number of 1.354 % for Sep 2021. Canada CA: GDP: Growth: Deflator: Double Hit Scenario data is updated quarterly, averaging 3.245 % from Jun 1961 (Median) to Dec 2021, with 243 observations. The data reached an all-time high of 17.550 % in Sep 1974 and a record low of -12.709 % in Dec 2008. Canada CA: GDP: Growth: Deflator: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. PGDP_ANNPCT - Gross domestic product, market prices, deflator. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Graph and download economic data for Nominal Gross Domestic Product for Canada (NGDPNSAXDCCAQ) from Q1 1961 to Q3 2024 about Canada and GDP.

Canada CA: GDP: Growth: Volume: Exports of Goods and Services data was reported at 2.789 % in Dec 2026. This stayed constant from the previous number of 2.789 % for Sep 2026. Canada CA: GDP: Growth: Volume: Exports of Goods and Services data is updated quarterly, averaging 4.577 % from Jun 1961 (Median) to Dec 2026, with 263 observations. The data reached an all-time high of 64.991 % in Sep 2020 and a record low of -51.028 % in Jun 2020. Canada CA: GDP: Growth: Volume: Exports of Goods and Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. XGSV_ANNPCT - Exports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Quarterly income-based gross domestic product, Canada.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Canada (NAEXKP06CAQ657S) from Q2 1961 to Q3 2024 about Canada, exports, goods, services, real, and GDP.

Annual Provincial and Territorial Gross Domestic Product (GDP) at basic prices, by North American Industry Classification aggregates, in percentage share, in current dollars.

Canada CA: GDP: Growth: Volume: Gross Fixed Capital Formation: Double Hit Scenario data was reported at 5.708 % in Dec 2021. This records a decrease from the previous number of 5.823 % for Sep 2021. Canada CA: GDP: Growth: Volume: Gross Fixed Capital Formation: Double Hit Scenario data is updated quarterly, averaging 4.048 % from Jun 1961 (Median) to Dec 2021, with 243 observations. The data reached an all-time high of 28.544 % in Dec 1964 and a record low of -57.000 % in Jun 2020. Canada CA: GDP: Growth: Volume: Gross Fixed Capital Formation: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. ITV_ANNPCT - Gross fixed capital formation, total, volume, growth . Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Canada CA: GDP: Growth: Volume: Final Consumption Expenditure: Private: Single Hit Scenario data was reported at 2.830 % in Dec 2021. This records a decrease from the previous number of 5.136 % for Sep 2021. Canada CA: GDP: Growth: Volume: Final Consumption Expenditure: Private: Single Hit Scenario data is updated quarterly, averaging 3.068 % from Jun 1961 (Median) to Dec 2021, with 243 observations. The data reached an all-time high of 21.551 % in Sep 2020 and a record low of -44.016 % in Jun 2020. Canada CA: GDP: Growth: Volume: Final Consumption Expenditure: Private: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. CPV_ANNPCT - Private final consumption expenditure, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

GDP Deflator in Canada increased to 128.20 points in the fourth quarter of 2024 from 127.10 points in the third quarter of 2024. This dataset provides - Canada GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada CA: GDP: Growth: Volume: Single Hit Scenario data was reported at 2.203 % in Dec 2021. This records a decrease from the previous number of 3.895 % for Sep 2021. Canada CA: GDP: Growth: Volume: Single Hit Scenario data is updated quarterly, averaging 2.976 % from Jun 1961 (Median) to Dec 2021, with 243 observations. The data reached an all-time high of 13.199 % in Mar 1965 and a record low of -37.887 % in Jun 2020. Canada CA: GDP: Growth: Volume: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Graph and download economic data for Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Canada (LORSGPORCAQ661S) from Q1 1961 to Q4 2023 about leading indicator, Canada, and GDP.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Canada (NAEXKP04CAQ659S) from Q1 1962 to Q3 2024 about fixed capital formation, Canada, fixed, capital, gross, real, and GDP.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Canada (NAEXKP03CAQ657S) from Q2 1961 to Q4 2024 about Canada, consumption expenditures, consumption, government, real, and GDP.

This table contains 232 series, with data for years 1961 - 2012 (not all combinations necessarily have data for all years), and was last released on 2012-10-01. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Prices (5 items: Current prices;Contributions to percent change;Chained (2002) dollars ...), Seasonal adjustment (2 items: Unadjusted;Seasonally adjusted at annual rates ...), Expenditure-based estimates (33 items: Gross domestic product (GDP) at market prices;Personal expenditure on consumer goods and services;Personal expenditure on durable goods;Personal expenditure on semi-durable goods ...).