Canada Real GDP Growth
1962 - 2022 | Quarterly | % | CEIC Data
Key information about Canada Real GDP Growth
- The Gross Domestic Product (GDP) in Canada expanded 2.1 % YoY in Dec 2022, following a growth of 3.8 % in the previous quarter.
- Real GDP Growth YoY data in Canada is updated quarterly, available from Mar 1962 to Dec 2022, with an average rate of 3.1 %.
- The data reached an all-time high of 12.1 % in Jun 2021 and a record low of -12.2 % in Jun 2020.
Related information about Canada Real GDP Growth
- In the latest reports, Nominal GDP of Canada reached 513.5 USD bn in Dec 2022.
- Its GDP deflator (implicit price deflator) increased 4.2 % in Dec 2022.
- GDP Per Capita in Canada reached 54,104.3 USD in Jun 2022.
- Its Gross Savings Rate was measured at 23.4 % in Dec 2022.
- For Nominal GDP contributions, Investment accounted for 23.1 % in Dec 2022.
- Public Consumption accounted for 21.0 % in Dec 2022.
- Private Consumption accounted for 55.6 % in Dec 2022.
View Canada's Real GDP Growth from Mar 1962 to Dec 2022 in the chart:
What was Canada's Real GDP Growth in Dec 2022?
The Gross Domestic Product (GDP) in Canada expanded 2.1 % YoY in Dec 2022, following a growth of 3.8 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 2.1 Dec 2022 | 3.8 Sep 2022 | -12.2 Jun 2020 | 12.1 Jun 2021 | % | quarterly | Mar 1962 - Dec 2022 |
Real GDP Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Algeria (%) | 2.0 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
| Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
| Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
| Azerbaijan (%) | 4.9 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Bahrain (%) | 2.1 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
| Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
| Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
| Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
| Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
| Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
| Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
| China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
| Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
| Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
| France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
| Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Ghana (%) | 0.9 Dec 2024 | quarterly | Jun 2006 - Dec 2024 |
| Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
| Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
| Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
| Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
| Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
| Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Kosovo (%) | 4.0 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Kuwait (%) | -2.2 Sep 2024 | quarterly | Jun 2010 - Sep 2024 |
| Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
| Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
| Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Lebanon (%) | 2.0 2021 | yearly | 2012 - 2021 |
| Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
| Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
| North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
| Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Malta (%) | 4.6 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
| Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
| Montenegro (%) | 2.9 Dec 2024 | quarterly | Mar 2011 - Dec 2024 |
| Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
| Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
| Myanmar (%) | 3.3 2023 | yearly | 2011 - 2023 |
| Nepal (%) | 0.2 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
| Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
| Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
| Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
| Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
| Palestinian Territory (%) | 3.5 Sep 2024 | quarterly | Jun 2000 - Sep 2024 |
| Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
| Qatar (%) | 2.0 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
| Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
| Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Slovenia (%) | 1.1 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
| South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
| Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
| Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
| Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
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Learn more about what we doCanada Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.6 Dec 2024 | quarterly | Jun 1993 - Dec 2024 |
| Consolidated Fiscal Balance (USD mn) | 703.306 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Tax Revenue (USD mn) | 26,706.675 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Tax Revenue: % of GDP (%) | 13.0 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
| National Government Debt (USD mn) | 1,519,779.9 2024 | yearly | 1962 - 2024 |
| Government Debt: % of GDP (%) | 69.4 2024 | yearly | 1962 - 2024 |
| Forecast: Government Expenditure (CAD bn) | 1,546.047 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,523.743 2029 | yearly | 1980 - 2029 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,472.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Budgetary Expense (CAD mn) | -43,333.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Budgetary Revenue (CAD mn) | 44,335.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 38,049.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | 1,002.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 612,800.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Expense (CAD mn) | 643,700.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Balance (CAD mn) | -23,000.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 84,700.000 2030 | yearly | 2000 - 2030 |
| Net Financing Activities (CAD mn) | 18,326.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| FIN Forecast: Federal Debt (CAD mn) | 1,435,700.000 2030 | yearly | 1997 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.003 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | 2,760.8 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Exports (USD mn) | 51,751.0 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Exports Growth (%) | 20.3 Jan 2025 | monthly | Jan 1989 - Jan 2025 |
| Aluminum: Exports (USD th) | 10,038,642.351 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 8,523,307.384 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,163,157.014 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 48,990.2 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Imports Growth (%) | 14.1 Jan 2025 | monthly | Jan 1989 - Jan 2025 |
| Imports: Medicament (USD th) | 11,834,156.934 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 7,945,480.562 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 40,444.298 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Imports from USA (USD mn) | 30,440.336 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Total Exports to China (USD mn) | 2,133.435 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Total Imports from China (USD mn) | 3,731.323 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Coal Exports (kton) | 2,125.000 Nov 2024 | monthly | Jan 1977 - Nov 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 9,394.499 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 4,954.608 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 844,825.938 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Import Value Index (2015=100) | 117.179 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 123.790 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.6 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Household Debt: % of GDP (%) | 99.0 Dec 2024 | quarterly | Mar 1969 - Dec 2024 |
| Money Supply M1 (USD mn) | 1,118,688.194 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply M2 (USD mn) | 1,832,025.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| M2 Growth (%) | 6.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Foreign Exchange Reserves (USD mn) | 91,801.0 Feb 2025 | monthly | Jun 1999 - Feb 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.192 Dec 2024 | quarterly | Jun 1999 - Dec 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Jan 2025 | monthly | Jun 1999 - Jan 2025 |
| Gold Reserves (USD mn) | 0.000 Feb 2025 | monthly | Dec 1956 - Feb 2025 |
| Total Deposits (USD mn) | 4,370,496.703 Dec 2024 | monthly | Jan 2009 - Dec 2024 |
| Total Deposits Growth (%) | 6.1 Dec 2024 | monthly | Jan 2010 - Dec 2024 |
| Domestic Credit (USD mn) | 4,531,668.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Domestic Credit Growth (%) | 3.9 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Debt Service Ratio: Households (%) | 14.400 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 25.200 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Credit to Households (USD bn) | 2,245.143 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 4,889.449 Sep 2024 | quarterly | Mar 1954 - Sep 2024 |
| Household Debt (USD mn) | 2,110,945.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Total Loans (USD mn) | 3,076,370.833 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Total Loans Growth (%) | 3.38 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Private Debt: % of Nominal GDP (%) | 212.62 Dec 2024 | quarterly | Mar 1969 - Dec 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,800,470.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,638,116.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,610,911.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,817,749.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,648,681.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,623,406.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Official International Reserves (USD mn) | 119,595.000 Feb 2025 | monthly | Dec 1994 - Feb 2025 |
| Official International Reserves: Gold (USD mn) | 0.000 Feb 2025 | monthly | Dec 1994 - Feb 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 2.8 Feb 2025 | monthly | Dec 2001 - Feb 2025 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 55.300 Feb 2025 | monthly | Dec 2000 - Feb 2025 |
More Indicators for Canada
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