Canada Forecast: Real GDP Growth
1980 - 2028 | Yearly | % | International Monetary Fund
Key information about Canada Forecast: Real GDP Growth
- Canada Real GDP Growth is forecasted to be 1.700 % in Dec 2023 as reported by International Monetary Fund.
- It records a decrease from the last reported number of 3.400 % in Dec 2022.
- Looking ahead, Canada Real GDP Growth is projected to stand at 1.669 % in Dec 2028.
- 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 2028 in the chart:
What is Canada's Forecast: Real GDP Growth in 2028?
Canada Real GDP Growth is forecasted to be 1.700 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1.669 2028 | 1.699 2027 | -5.074 2020 | 5.908 1984 | % | yearly | 1980 - 2028 |
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 2028 | yearly | 1980 - 2028 |
| Algeria (%) | 1.782 2028 | yearly | 1980 - 2028 |
| Andorra (%) | 1.500 2028 | yearly | 2001 - 2028 |
| Angola (%) | 4.230 2028 | yearly | 1980 - 2028 |
| Antigua and Barbuda (%) | 2.685 2027 | yearly | 1980 - 2027 |
| Argentina (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Armenia (%) | 4.500 2028 | yearly | 1993 - 2028 |
| Aruba (%) | 1.100 2028 | yearly | 1987 - 2028 |
| Australia (%) | 2.279 2027 | yearly | 1980 - 2027 |
| Austria (%) | 1.527 2028 | yearly | 1980 - 2028 |
| Azerbaijan (%) | 2.572 2028 | yearly | 1993 - 2028 |
| Bahamas (%) | 1.496 2027 | yearly | 1980 - 2027 |
| Bahrain (%) | 2.733 2028 | yearly | 1980 - 2028 |
| Bangladesh (%) | 9.531 2021 | yearly | 1980 - 2021 |
| Barbados (%) | 1.840 2027 | yearly | 1980 - 2027 |
| Belarus (%) | 0.741 2028 | yearly | 1993 - 2028 |
| Belgium (%) | 1.289 2028 | yearly | 1980 - 2028 |
| Belize (%) | 2.012 2027 | yearly | 1980 - 2027 |
| Benin (%) | 5.934 2028 | yearly | 1980 - 2028 |
| Bhutan (%) | 3.877 2028 | yearly | 1980 - 2028 |
| Bolivia (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Bosnia and Herzegovina (%) | 3.000 2028 | yearly | 1997 - 2028 |
| Botswana (%) | 3.957 2028 | yearly | 1980 - 2028 |
| Brazil (%) | 2.015 2028 | yearly | 1980 - 2028 |
| Brunei (%) | 2.112 2027 | yearly | 1986 - 2027 |
| Bulgaria (%) | 2.840 2028 | yearly | 1980 - 2028 |
| Burkina Faso (%) | 5.258 2027 | yearly | 1980 - 2027 |
| Burundi (%) | 4.565 2027 | yearly | 1980 - 2027 |
| Cambodia (%) | 6.500 2027 | yearly | 1988 - 2027 |
| Cameroon (%) | 4.898 2027 | yearly | 1980 - 2027 |
| Canada (%) | 1.669 2028 | yearly | 1980 - 2028 |
| Cape Verde (%) | 4.498 2027 | yearly | 1980 - 2027 |
| Central African Republic (%) | 3.347 2028 | yearly | 1980 - 2028 |
| Chad (%) | 3.508 2027 | yearly | 1980 - 2027 |
| Chile (%) | 2.459 2027 | yearly | 1980 - 2027 |
| China (%) | 3.437 2028 | yearly | 1980 - 2028 |
| Colombia (%) | 3.345 2028 | yearly | 1980 - 2028 |
| Comoros (%) | 4.342 2027 | yearly | 1980 - 2027 |
| Congo (%) | 3.980 2028 | yearly | 1980 - 2028 |
| Costa Rica (%) | 3.243 2027 | yearly | 1980 - 2027 |
| Croatia (%) | 2.800 2028 | yearly | 1993 - 2028 |
| Cyprus (%) | 2.862 2028 | yearly | 1980 - 2028 |
| Czech Republic (%) | 2.501 2027 | yearly | 1996 - 2027 |
| Democratic Republic of Congo (%) | 6.482 2028 | yearly | 1980 - 2028 |
| Denmark (%) | 1.800 2027 | yearly | 1980 - 2027 |
| Djibouti (%) | 5.000 2028 | yearly | 1992 - 2028 |
| Dominica (%) | 2.685 2028 | yearly | 1980 - 2028 |
| Dominican Republic (%) | 4.985 2028 | yearly | 1980 - 2028 |
| Ecuador (%) | 2.751 2028 | yearly | 1980 - 2028 |
| Egypt (%) | 5.984 2028 | yearly | 1980 - 2028 |
| El Salvador (%) | 1.965 2027 | yearly | 1980 - 2027 |
| Equatorial Guinea (%) | -0.981 2027 | yearly | 1980 - 2027 |
| Eritrea (%) | 2.925 2028 | yearly | 1993 - 2028 |
| Estonia (%) | 3.300 2027 | yearly | 1994 - 2027 |
| Swaziland (%) | 2.278 2027 | yearly | 1980 - 2027 |
| Ethiopia (%) | 6.953 2028 | yearly | 1980 - 2028 |
| Fiji (%) | 3.459 2028 | yearly | 1980 - 2028 |
| Finland (%) | 1.246 2028 | yearly | 1980 - 2028 |
| France (%) | 1.450 2028 | yearly | 1980 - 2028 |
| Gabon (%) | 3.809 2027 | yearly | 1981 - 2027 |
| Gambia (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Georgia (%) | 5.198 2028 | yearly | 1995 - 2028 |
| Germany (%) | 1.134 2028 | yearly | 1980 - 2028 |
| Ghana (%) | 6.774 2027 | yearly | 1980 - 2027 |
| Greece (%) | 1.355 2027 | yearly | 1980 - 2027 |
| Grenada (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Guatemala (%) | 3.900 2028 | yearly | 1980 - 2028 |
| Guinea (%) | 5.187 2027 | yearly | 1980 - 2027 |
| Guinea-Bissau (%) | 5.000 2027 | yearly | 1981 - 2027 |
| Guyana (%) | 3.320 2027 | yearly | 1980 - 2027 |
| Haiti (%) | 1.500 2027 | yearly | 1980 - 2027 |
| Honduras (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Hungary (%) | 3.150 2027 | yearly | 1980 - 2027 |
| Iceland (%) | 2.329 2028 | yearly | 1980 - 2028 |
| India (%) | 6.042 2029 | yearly | 1981 - 2029 |
| Indonesia (%) | 5.117 2027 | yearly | 1980 - 2027 |
| Iran (%) | 2.047 2029 | yearly | 1981 - 2029 |
| Iraq (%) | 2.625 2027 | yearly | 1999 - 2027 |
| Ireland (%) | 3.010 2027 | yearly | 1980 - 2027 |
| Israel (%) | 3.499 2027 | yearly | 1980 - 2027 |
| Italy (%) | 0.882 2028 | yearly | 1980 - 2028 |
| Ivory Coast (%) | 6.000 2028 | yearly | 1980 - 2028 |
| Jamaica (%) | 1.600 2027 | yearly | 1980 - 2027 |
| Japan (%) | 0.409 2028 | yearly | 1980 - 2028 |
| Jordan (%) | 3.300 2027 | yearly | 1980 - 2027 |
| Kazakhstan (%) | 2.778 2028 | yearly | 1993 - 2028 |
| Kenya (%) | 5.516 2027 | yearly | 1980 - 2027 |
| Kiribati (%) | 1.971 2027 | yearly | 1980 - 2027 |
| South Korea (%) | 2.340 2027 | yearly | 1980 - 2027 |
| Kosovo (%) | 3.500 2028 | yearly | 2001 - 2028 |
| Kuwait (%) | 2.655 2027 | yearly | 1980 - 2027 |
| Kyrgyzstan (%) | 3.977 2028 | yearly | 1993 - 2028 |
| Laos (%) | 4.496 2028 | yearly | 1980 - 2028 |
| Latvia (%) | 3.377 2027 | yearly | 1993 - 2027 |
| Lebanon (%) | -22.000 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 1.084 2029 | yearly | 1981 - 2029 |
| 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 (%) | -1.7 Jun 2023 | quarterly | Jun 1993 - Jun 2023 |
| Consolidated Fiscal Balance (USD mn) | 1,584.375 Jun 2023 | monthly | May 1992 - Jun 2023 |
| Tax Revenue (USD mn) | 23,119.073 Jun 2023 | monthly | Jan 1996 - Jun 2023 |
| Tax Revenue: % of GDP (%) | 13.1 Jun 2023 | quarterly | Mar 1996 - Jun 2023 |
| National Government Debt (USD mn) | 1,376,171.5 2023 | yearly | 1962 - 2023 |
| Government Debt: % of GDP (%) | 66.4 2023 | yearly | 1962 - 2023 |
| Forecast: Government Expenditure (CAD bn) | 1,403.695 2028 | yearly | 1980 - 2028 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,404.401 2028 | yearly | 1980 - 2028 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | 2,105.000 Jun 2023 | monthly | May 1992 - Jun 2023 |
| Budgetary Revenue (CAD mn) | 37,617.000 Jun 2023 | monthly | May 1992 - Jun 2023 |
| Budgetary Expense (CAD mn) | -35,512.000 Jun 2023 | monthly | May 1992 - Jun 2023 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 5,804.000 Jun 2023 | monthly | Jan 1996 - Jun 2023 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 30,716.000 Jun 2023 | monthly | Jan 1996 - Jun 2023 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 542,400.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Expense (CAD mn) | 535,500.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Balance (CAD mn) | 4,500.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 71,400.000 2027 | yearly | 2000 - 2027 |
| Net Financing Activities (CAD mn) | -6,116.000 Jun 2023 | monthly | Jan 1996 - Jun 2023 |
| FIN Forecast: Federal Debt (CAD mn) | 1,246,700.000 2028 | yearly | 1997 - 2028 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.597 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | -747.4 Jul 2023 | monthly | Jan 1988 - Jul 2023 |
| Total Exports (USD mn) | 45,732.1 Jul 2023 | monthly | Jan 1988 - Jul 2023 |
| Total Exports Growth (%) | -9.1 Jul 2023 | monthly | Jan 1989 - Jul 2023 |
| Aluminum: Exports (USD th) | 11,552,234.816 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 9,821,982.309 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,079,544.056 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 46,479.5 Jul 2023 | monthly | Jan 1988 - Jul 2023 |
| Total Imports Growth (%) | -5.2 Jul 2023 | monthly | Jan 1989 - Jul 2023 |
| Imports: Medicament (USD th) | 11,462,582.313 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,439,260.899 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 35,888.124 Jul 2023 | monthly | Jan 1988 - Jul 2023 |
| Total Imports from USA (USD mn) | 30,300.583 Jul 2023 | monthly | Jan 1997 - Jul 2023 |
| Total Exports to China (USD mn) | 1,844.372 Jul 2023 | monthly | Jan 1997 - Jul 2023 |
| Total Imports from China (USD mn) | 2,943.608 Jul 2023 | monthly | Jan 1997 - Jul 2023 |
| Coal Exports (kton) | 3,501.000 May 2023 | monthly | Jan 1977 - May 2023 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 9,333.600 Jul 2023 | monthly | Jan 2022 - Jul 2023 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 31,733.901 Jul 2023 | monthly | Jan 2022 - Jul 2023 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 1,069,824.243 Jul 2023 | monthly | Jan 1988 - Jul 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.4 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
| Household Debt: % of GDP (%) | 102.0 Jun 2023 | quarterly | Mar 1969 - Jun 2023 |
| Money Supply M1 (USD mn) | 1,140,691.505 Jun 2023 | monthly | Mar 1975 - Jun 2023 |
| Money Supply M2 (USD mn) | 1,821,668.682 Jun 2023 | monthly | Jan 1968 - Jun 2023 |
| M2 Growth (%) | 2.3 Jun 2023 | monthly | Jan 1969 - Jun 2023 |
| Foreign Exchange Reserves (USD mn) | 86,550.0 Aug 2023 | monthly | Jun 1999 - Aug 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 4.127 Jun 2023 | quarterly | Jun 1999 - Jun 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.9 Jul 2023 | monthly | Jun 1999 - Jul 2023 |
| Gold Reserves (USD mn) | 0.000 Aug 2023 | monthly | Dec 1956 - Aug 2023 |
| Total Deposits (USD mn) | 4,332,391.350 Jun 2023 | monthly | Jan 2009 - Jun 2023 |
| Total Deposits Growth (%) | 6.7 Jun 2023 | monthly | Jan 2010 - Jun 2023 |
| Domestic Credit (USD mn) | 4,651,396.6 Jun 2023 | monthly | Jan 1969 - Jun 2023 |
| Domestic Credit Growth (%) | 3.7 Jun 2023 | monthly | Jan 1970 - Jun 2023 |
| Debt Service Ratio: Households (%) | 13.800 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 23.400 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Credit to Households (USD bn) | 2,106.393 Dec 2022 | quarterly | Mar 1969 - Dec 2022 |
| Credit to Private Non-Financial Sector (USD bn) | 4,441.403 Dec 2022 | quarterly | Mar 1954 - Dec 2022 |
| Household Debt (USD mn) | 2,163,242.1 Jun 2023 | monthly | Jan 1969 - Jun 2023 |
| Total Loans (USD mn) | 3,143,001.814 Jun 2023 | monthly | Jan 1969 - Jun 2023 |
| Total Loans Growth (%) | 4.73 Jun 2023 | monthly | Jan 1970 - Jun 2023 |
| Private Debt: % of Nominal GDP (%) | 219.40 Jun 2023 | quarterly | Mar 1969 - Jun 2023 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,418,605.000 Jun 2023 | monthly | Jan 1968 - Jun 2023 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,509,363.000 Jun 2023 | monthly | Mar 1975 - Jun 2023 |
| Money Supply: M1+: Gross (CAD mn) | 1,509,464.000 Jun 2023 | monthly | Mar 1975 - Jun 2023 |
| Money Supply: M3: Gross (CAD mn) | 3,470,763.000 Jun 2023 | monthly | Jan 1970 - Jun 2023 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,475,271.000 Jun 2023 | monthly | Jan 1970 - Jun 2023 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,410,432.000 Jun 2023 | monthly | Jan 1968 - Jun 2023 |
| Official International Reserves (USD mn) | 114,687.000 Aug 2023 | monthly | Dec 1994 - Aug 2023 |
| Official International Reserves: Gold (USD mn) | 0.000 Aug 2023 | monthly | Dec 1994 - Aug 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 0.0 Aug 2023 | monthly | Dec 2001 - Aug 2023 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 53.500 Aug 2023 | monthly | Dec 2000 - Aug 2023 |
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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