Name: Canada GDP Growth Annualized
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Canada,GDP Growth Annualized,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

The Canadian economy expanded an annualized 1% in Q3 2024, following an upwardly revised 2.2% growth in Q2 and in line with market expectations. GDP Growth Annualized in Canada averaged 3.00 percent from 1961 until 2024, reaching an all time high of 36.30 percent in the third quarter of 2020 and a record low of -44.00 percent in the second quarter of 2020. source: Statistics Canada

GDP Growth Annualized in Canada is expected to be 1.20 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 1.80 percent in 2025 and 2.00 percent in 2026, according to our econometric models.

Related	Last	Previous	Unit	Reference
GDP Annual Growth Rate	1.50	1.10	percent	Sep 2024
GDP Constant Prices	2419572.00	2413400.00	CAD Million	Sep 2024
GDP from Agriculture	40535.00	40458.00	CAD Million	Oct 2024
GDP from Construction	165526.00	164849.00	CAD Million	Oct 2024
GDP from Manufacturing	205694.00	205009.00	CAD Million	Oct 2024
GDP from Mining	119083.00	116327.00	CAD Million	Oct 2024
GDP from Public Administration	168704.00	168379.00	CAD Million	Oct 2024
GDP from Services	1698774.00	1696938.00	CAD Million	Oct 2024
GDP from Transport	102537.00	102289.00	CAD Million	Oct 2024
GDP from Utilities	46004.00	45833.00	CAD Million	Oct 2024
GDP Growth Rate Annualized	1.00	2.20	percent	Sep 2024
GDP Growth Rate	0.30	0.50	percent	Sep 2024
Gross Fixed Capital Formation	506865.00	509326.00	CAD Million	Sep 2024
Gross National Product	3035044.00	2998524.00	CAD Million	Sep 2024

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.