Canada Forecast: Real GDP Growth
1980 - 2027 | Yearly | % | International Monetary Fund
Key information about Canada Forecast: Real GDP Growth
- Canada Real GDP Growth is forecasted to be 3.923 % in Dec 2022 as reported by International Monetary Fund.
- It records a decrease from the last reported number of 4.563 % in Dec 2021.
- Looking ahead, Canada Real GDP Growth is projected to stand at 1.631 % in Dec 2027.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.
View Canada's Forecast: Real GDP Growth from 1980 to 2027 in the chart:
What is Canada's Forecast: Real GDP Growth in 2027?
Canada Real GDP Growth is forecasted to be 3.923 % in Dec 2022 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1.631 2027 | 1.647 2026 | -5.233 2020 | 5.908 1984 | % | yearly | 1980 - 2027 |
Forecast: Real GDP Growth by Country Comparison
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Includes Forecast: Real GDP Growth on 195 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | -2.351 2020 | yearly | 2003 - 2020 |
| Albania (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Algeria (%) | 1.812 2027 | yearly | 1980 - 2027 |
| Andorra (%) | 1.500 2027 | yearly | 2001 - 2027 |
| Angola (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Antigua and Barbuda (%) | 2.703 2027 | yearly | 1980 - 2027 |
| Argentina (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Armenia (%) | 4.500 2027 | yearly | 1993 - 2027 |
| Aruba (%) | 1.400 2027 | yearly | 1987 - 2027 |
| Australia (%) | 2.585 2027 | yearly | 1980 - 2027 |
| Austria (%) | 1.780 2027 | yearly | 1980 - 2027 |
| Azerbaijan (%) | 2.493 2027 | yearly | 1993 - 2027 |
| Bahamas (%) | 1.496 2027 | yearly | 1980 - 2027 |
| Bahrain (%) | 3.050 2027 | yearly | 1980 - 2027 |
| Bangladesh (%) | 9.531 2021 | yearly | 1980 - 2021 |
| Barbados (%) | 1.840 2027 | yearly | 1980 - 2027 |
| Belarus (%) | 0.574 2027 | yearly | 1993 - 2027 |
| Belgium (%) | 1.198 2027 | yearly | 1980 - 2027 |
| Belize (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Benin (%) | 6.028 2027 | yearly | 1980 - 2027 |
| Bhutan (%) | 5.762 2027 | yearly | 1980 - 2027 |
| Bolivia (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Bosnia and Herzegovina (%) | 3.000 2027 | yearly | 1997 - 2027 |
| Botswana (%) | 3.986 2027 | yearly | 1980 - 2027 |
| Brazil (%) | 2.040 2027 | yearly | 1980 - 2027 |
| Brunei (%) | 2.112 2027 | yearly | 1986 - 2027 |
| Bulgaria (%) | 2.840 2027 | yearly | 1980 - 2027 |
| Burkina Faso (%) | 5.305 2027 | yearly | 1980 - 2027 |
| Burundi (%) | 4.519 2027 | yearly | 1980 - 2027 |
| Cambodia (%) | 6.500 2027 | yearly | 1988 - 2027 |
| Cameroon (%) | 5.164 2027 | yearly | 1980 - 2027 |
| Canada (%) | 1.631 2027 | yearly | 1980 - 2027 |
| Cape Verde (%) | 4.498 2027 | yearly | 1980 - 2027 |
| Central African Republic (%) | 4.664 2027 | yearly | 1980 - 2027 |
| Chad (%) | 3.508 2027 | yearly | 1980 - 2027 |
| Chile (%) | 2.459 2027 | yearly | 1980 - 2027 |
| China (%) | 4.784 2027 | yearly | 1980 - 2027 |
| Colombia (%) | 3.445 2027 | yearly | 1980 - 2027 |
| Comoros (%) | 4.342 2027 | yearly | 1980 - 2027 |
| Congo (%) | 3.370 2027 | yearly | 1980 - 2027 |
| Costa Rica (%) | 3.160 2027 | yearly | 1980 - 2027 |
| Croatia (%) | 3.000 2027 | yearly | 1993 - 2027 |
| Cyprus (%) | 2.930 2027 | yearly | 1980 - 2027 |
| Czech Republic (%) | 2.505 2027 | yearly | 1996 - 2027 |
| Democratic Republic of Congo (%) | 6.632 2027 | yearly | 1980 - 2027 |
| Denmark (%) | 1.800 2027 | yearly | 1980 - 2027 |
| Djibouti (%) | 6.000 2027 | yearly | 1992 - 2027 |
| Dominica (%) | 2.489 2027 | yearly | 1980 - 2027 |
| Dominican Republic (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Ecuador (%) | 2.797 2027 | yearly | 1980 - 2027 |
| Egypt (%) | 5.904 2027 | yearly | 1980 - 2027 |
| El Salvador (%) | 1.965 2027 | yearly | 1980 - 2027 |
| Equatorial Guinea (%) | -0.981 2027 | yearly | 1980 - 2027 |
| Eritrea (%) | 3.752 2027 | yearly | 1993 - 2027 |
| Estonia (%) | 3.300 2027 | yearly | 1994 - 2027 |
| Swaziland (%) | 2.278 2027 | yearly | 1980 - 2027 |
| Ethiopia (%) | 6.990 2027 | yearly | 1980 - 2027 |
| Fiji (%) | 3.413 2027 | yearly | 1980 - 2027 |
| Finland (%) | 1.265 2027 | yearly | 1980 - 2027 |
| France (%) | 1.412 2027 | yearly | 1980 - 2027 |
| Gabon (%) | 3.823 2027 | yearly | 1981 - 2027 |
| Gambia (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Georgia (%) | 5.200 2027 | yearly | 1995 - 2027 |
| Germany (%) | 1.134 2027 | yearly | 1980 - 2027 |
| Ghana (%) | 7.485 2027 | yearly | 1980 - 2027 |
| Greece (%) | 1.201 2027 | yearly | 1980 - 2027 |
| Grenada (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Guatemala (%) | 3.503 2027 | yearly | 1980 - 2027 |
| Guinea (%) | 5.107 2027 | yearly | 1980 - 2027 |
| Guinea-Bissau (%) | 5.000 2027 | yearly | 1981 - 2027 |
| Guyana (%) | 3.748 2027 | yearly | 1980 - 2027 |
| Haiti (%) | 1.700 2027 | yearly | 1980 - 2027 |
| Honduras (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Hungary (%) | 2.700 2027 | yearly | 1980 - 2027 |
| Iceland (%) | 2.299 2027 | yearly | 1980 - 2027 |
| India (%) | 6.168 2028 | yearly | 1981 - 2028 |
| Indonesia (%) | 5.177 2027 | yearly | 1980 - 2027 |
| Iran (%) | 2.025 2028 | yearly | 1981 - 2028 |
| Iraq (%) | 2.625 2027 | yearly | 1999 - 2027 |
| Ireland (%) | 3.030 2027 | yearly | 1980 - 2027 |
| Israel (%) | 3.515 2027 | yearly | 1980 - 2027 |
| Italy (%) | 0.500 2027 | yearly | 1980 - 2027 |
| Ivory Coast (%) | 6.000 2027 | yearly | 1980 - 2027 |
| Jamaica (%) | 1.600 2027 | yearly | 1980 - 2027 |
| Japan (%) | 0.398 2027 | yearly | 1980 - 2027 |
| Jordan (%) | 3.300 2027 | yearly | 1980 - 2027 |
| Kazakhstan (%) | 3.084 2027 | yearly | 1993 - 2027 |
| Kenya (%) | 5.424 2027 | yearly | 1980 - 2027 |
| Kiribati (%) | 1.971 2027 | yearly | 1980 - 2027 |
| South Korea (%) | 2.284 2027 | yearly | 1980 - 2027 |
| Kosovo (%) | 3.500 2027 | yearly | 2001 - 2027 |
| Kuwait (%) | 2.655 2027 | yearly | 1980 - 2027 |
| Kyrgyzstan (%) | 4.041 2027 | yearly | 1993 - 2027 |
| Laos (%) | 4.300 2027 | yearly | 1980 - 2027 |
| Latvia (%) | 3.260 2027 | yearly | 1993 - 2027 |
| Lebanon (%) | -22.000 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 0.122 2028 | yearly | 1981 - 2028 |
| Liberia (%) | 5.680 2027 | yearly | 2001 - 2027 |
| Libya (%) | 3.588 2027 | yearly | 1980 - 2027 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.9 Jun 2022 | quarterly | Jun 1993 - Jun 2022 |
| Consolidated Fiscal Balance (USD mn) | 2,069.368 May 2022 | monthly | May 1992 - May 2022 |
| Tax Revenue (USD mn) | 23,970.634 Jun 2022 | monthly | Jan 1996 - Jun 2022 |
| Tax Revenue: % of GDP (%) | 13.1 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
| National Government Debt (USD mn) | 1,455,818.8 2022 | yearly | 1962 - 2022 |
| Government Debt: % of GDP (%) | 71.0 2022 | yearly | 1962 - 2022 |
| Forecast: Government Expenditure (CAD bn) | 1,390.376 2027 | yearly | 1980 - 2027 |
| Forecast: Government Net Debt (CAD bn) | 2,927.597 2027 | yearly | 1980 - 2027 |
| Forecast: Government Revenue (CAD bn) | 1,380.415 2027 | yearly | 1980 - 2027 |
| Budgetary Expense (CAD mn) | -31,340.000 Jun 2022 | monthly | May 1992 - Jun 2022 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 5,872.000 Jun 2022 | monthly | Jan 1996 - Jun 2022 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | 4,877.000 Jun 2022 | monthly | May 1992 - Jun 2022 |
| Budgetary Revenue (CAD mn) | 36,217.000 Jun 2022 | monthly | May 1992 - Jun 2022 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 30,692.000 Jun 2022 | monthly | Jan 1996 - Jun 2022 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 71,400.000 2027 | yearly | 2000 - 2027 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 481,000.000 2027 | yearly | 1996 - 2027 |
| FIN Forecast: Budgetary Balance (CAD mn) | -13,100.000 2027 | yearly | 1996 - 2027 |
| FIN Forecast: Budgetary Expense (CAD mn) | 498,100.000 2027 | yearly | 1996 - 2027 |
| Net Financing Activities (CAD mn) | -7,603.000 Jun 2022 | monthly | Jan 1996 - Jun 2022 |
| FIN Forecast: Federal Debt (CAD mn) | 1,358,900.000 2027 | yearly | 1997 - 2027 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.592 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | 3,132.0 Jul 2022 | monthly | Jan 1988 - Jul 2022 |
| Total Exports (USD mn) | 52,759.7 Jul 2022 | monthly | Jan 1988 - Jul 2022 |
| Total Exports Growth (%) | 26.9 Jul 2022 | monthly | Jan 1989 - Jul 2022 |
| Aluminum: Exports (USD th) | 9,881,908.000 2021 | yearly | 1995 - 2021 |
| Exports: Medicament (USD th) | 8,651,176.943 2021 | yearly | 1995 - 2021 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 951,763.844 2021 | yearly | 1995 - 2021 |
| Total Imports (USD mn) | 49,627.7 Jul 2022 | monthly | Jan 1988 - Jul 2022 |
| Total Imports Growth (%) | 19.6 Jul 2022 | monthly | Jan 1989 - Jul 2022 |
| Imports: Medicament (USD th) | 9,962,257.486 2021 | yearly | 1995 - 2021 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,570,531.231 2021 | yearly | 1995 - 2021 |
| Total Exports to USA (USD mn) | 40,766.775 Jul 2022 | monthly | Jan 1988 - Jul 2022 |
| Total Imports from USA (USD mn) | 31,610.699 Jul 2022 | monthly | Jan 1997 - Jul 2022 |
| Total Exports to China (USD mn) | 1,649.660 Jul 2022 | monthly | Jan 1997 - Jul 2022 |
| Total Imports from China (USD mn) | 4,371.831 Jul 2022 | monthly | Jan 1997 - Jul 2022 |
| CA: Export Unit Value Index (2010=100) | 106.461 2011 | yearly | 1948 - 2011 |
| CA: Import Unit Value Index (2010=100) | 104.348 2011 | yearly | 1948 - 2011 |
| Coal Exports (kton) | 2,842.000 Jun 2022 | monthly | Jan 1977 - Jun 2022 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 48,287.612 Jul 2022 | monthly | Jan 2022 - Jul 2022 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 19,425.605 Jun 2022 | monthly | Jan 2022 - Jun 2022 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 1,342,830.136 Jul 2022 | monthly | Jan 1988 - Jul 2022 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.4 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
| Household Debt: % of GDP (%) | 104.1 Jun 2022 | quarterly | Mar 1969 - Jun 2022 |
| Money Supply M1 (USD mn) | 1,252,649.793 Jul 2022 | monthly | Mar 1975 - Jul 2022 |
| Money Supply M2 (USD mn) | 1,849,153.972 Jul 2022 | monthly | Jan 1968 - Jul 2022 |
| M2 Growth (%) | 4.7 Jul 2022 | monthly | Jan 1969 - Jul 2022 |
| Foreign Exchange Reserves (USD mn) | 80,964.0 Aug 2022 | monthly | Jun 1999 - Aug 2022 |
| Foreign Exchange Reserves: % of GDP (%) | 3.693 Mar 2022 | quarterly | Jun 1999 - Mar 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.7 Jul 2022 | monthly | Jun 1999 - Jul 2022 |
| Gold Reserves (USD mn) | 0.000 Aug 2022 | monthly | Dec 1956 - Aug 2022 |
| Total Deposits (USD mn) | 4,175,320.148 Jun 2022 | monthly | Jan 2009 - Jun 2022 |
| Total Deposits Growth (%) | 9.6 Jul 2022 | monthly | Jan 2010 - Jul 2022 |
| Domestic Credit (USD mn) | 4,577,332.8 Jun 2022 | monthly | Jan 1969 - Jun 2022 |
| Domestic Credit Growth (%) | 7.8 Jun 2022 | monthly | Jan 1970 - Jun 2022 |
| Debt Service Ratio: Households (%) | 12.700 Dec 2021 | quarterly | Mar 1999 - Dec 2021 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 22.700 Dec 2021 | quarterly | Mar 1999 - Dec 2021 |
| Credit to Households (USD bn) | 2,111.239 Dec 2021 | quarterly | Mar 1969 - Dec 2021 |
| Credit to Private Non-Financial Sector (USD bn) | 4,508.771 Dec 2021 | quarterly | Mar 1954 - Dec 2021 |
| Household Debt (USD mn) | 2,140,661.2 Jun 2022 | monthly | Jan 1969 - Jun 2022 |
| Total Loans (USD mn) | 3,074,427.006 Jun 2022 | monthly | Jan 1969 - Jun 2022 |
| Total Loans Growth (%) | 8.89 Jun 2022 | monthly | Jan 1970 - Jun 2022 |
| Private Debt: % of Nominal GDP (%) | 222.61 Jun 2022 | quarterly | Mar 1969 - Jun 2022 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,372,003.000 Jul 2022 | monthly | Jan 1968 - Jul 2022 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,325,422.000 Jul 2022 | monthly | Jan 1970 - Jul 2022 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,603,517.000 Jul 2022 | monthly | Mar 1975 - Jul 2022 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,367,102.000 Jul 2022 | monthly | Jan 1968 - Jul 2022 |
| Money Supply: M3: Gross (CAD mn) | 3,319,904.000 Jul 2022 | monthly | Jan 1970 - Jul 2022 |
| Money Supply: M1+: Gross (CAD mn) | 1,614,949.000 Jul 2022 | monthly | Mar 1975 - Jul 2022 |
| Official International Reserves: Gold (USD mn) | 0.000 Aug 2022 | monthly | Dec 1994 - Aug 2022 |
| Official International Reserves (USD mn) | 107,766.000 Aug 2022 | monthly | Dec 1994 - Aug 2022 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -10.2 Aug 2022 | monthly | Dec 2001 - Aug 2022 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 60.900 Aug 2022 | monthly | Dec 2000 - Aug 2022 |
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National Accounts
CSNA 1997: GDP: by Expenditure: 2002 Price: Seasonally Adjusted at Annual Rates
CSNA 1997: GDP: by Expenditure: Current Price
CSNA 1997: GDP: by Expenditure: Index: 2002=100
CSNA 1997: GDP: by Income: Seasonally Adjusted at Annual Rates
CSNA 1997: GDP: by Industry: Chain Linked 2002 Price: Seasonally Adjusted at Annual Rates
CSNA 2012: GDP: by Expenditure: 2007 Price: Seasonally Adjusted at Annual Rates
CSNA 2012: GDP: by Expenditure: Current Price
CSNA 2012: GDP: by Expenditure: Index: 2007=100
CSNA 2012: GDP: by Income: Seasonally Adjusted at Annual Rates
CSNA 2012: GDP: by Industry: Chain Linked 2007 Price: Seasonally Adjusted at Annual Rates
CSNA2012: Financial Flow Accounts
CSNA2012: Financial Flow Accounts: General Government
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Seasonally Adjusted: Quarterly
Gross Domestic Product: Nominal
Gross Domestic Product: Real
Contribution to GDP
CSNA 1997: GDP: by Expenditure: Chain Linked 2002 Price: Seasonally Adjusted at Annual Rates
CSNA 1997: GDP: by Expenditure: Current Price: Seasonally Adjusted at Annual Rates
CSNA 1997: GDP: by Income
CSNA 1997: GDP: by Industry: 2002 Price: Seasonally Adjusted at Annual Rates
CSNA 2012: GDP: by Expenditure: 2007 Price
CSNA 2012: GDP: by Expenditure: Chain Linked 2007 Price: Seasonally Adjusted at Annual Rates
CSNA 2012: GDP: by Expenditure: Current Price: Seasonally Adjusted at Annual Rates
CSNA 2012: GDP: by Income
CSNA 2012: GDP: by Industry: 2007 Price: Seasonally Adjusted at Annual Rates
CSNA 2012: GDP per Capita
CSNA2012: Financial Flow Accounts: Corporations
CSNA2012: Financial Flow Accounts: Households and Non Profit Institutions Serving Households
Gross Domestic Product: by Expenditure: Seasonally Adjusted: Annual
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP