Canada Real GDP Growth
1962 - 2020 | Quarterly | % | CEIC Data
The Gross Domestic Product (GDP) in Canada contracted 3.2 % YoY in Dec 2020, following a negative growth of 5.3 % in the previous quarter. Real GDP Growth YoY data in Canada is updated quarterly, available from Mar 1962 to Dec 2020, with an average rate of 3.1 %. The data reached an all-time high of 9.3 % in Mar 1962 and a record low of -12.7 % in Jun 2020. CEIC calculates Real GDP Growth from quarterly Real GDP. Statistics Canada provides Real GDP in local currency, at chain linked 2012 prices.
In the latest reports, Nominal GDP of Canada reached 442.6 USD bn in Dec 2020. Its GDP deflator (implicit price deflator) increased 1.7 % in Dec 2020. GDP Per Capita in Canada reached 43,859.4 USD in Jun 2020. Its Gross Savings Rate was measured at 22.6 % in Jun 2021. For Nominal GDP contributions, Investment accounted for 22.9 % in Jun 2021. Public Consumption accounted for 21.6 % in Jun 2021. Private Consumption accounted for 55.8 % in Jun 2021.
View Canada's Real GDP Growth from Mar 1962 to Dec 2020 in the chart:
What was Canada's Real GDP Growth in Dec 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| -3.2 Dec 2020 | -5.3 Sep 2020 | -12.7 Jun 2020 | 9.3 Mar 1962 | % | quarterly | Mar 1962 - Dec 2020 |
Real GDP Growth by Country Comparison
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Includes Real GDP Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 3.0 Dec 2020 | quarterly | Mar 2010 - Dec 2020 |
| Algeria (%) | -3.9 Mar 2020 | quarterly | Mar 2012 - Mar 2020 |
| Argentina (%) | -4.7 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Armenia (%) | -8.8 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
| Australia (%) | -1.1 Dec 2020 | quarterly | Sep 1960 - Dec 2020 |
| Austria (%) | -5.9 Dec 2020 | quarterly | Mar 1989 - Dec 2020 |
| Azerbaijan (%) | -6.1 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
| Bahrain (%) | -2.1 Mar 2021 | quarterly | Mar 2009 - Mar 2021 |
| Bangladesh (%) | 5.2 2020 | yearly | 2007 - 2020 |
| Belarus (%) | -0.2 Dec 2020 | quarterly | Mar 2006 - Dec 2020 |
| Belgium (%) | 14.9 Jun 2021 | quarterly | Mar 1996 - Jun 2021 |
| Bolivia (%) | -21.7 Jun 2020 | quarterly | Mar 1991 - Jun 2020 |
| Bosnia and Herzegovina (%) | -3.8 Dec 2020 | quarterly | Mar 2009 - Dec 2020 |
| Botswana (%) | -4.0 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Brazil (%) | -1.2 Dec 2020 | quarterly | Mar 1997 - Dec 2020 |
| Brunei (%) | -1.4 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
| Bulgaria (%) | -3.8 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Cambodia (%) | 7.1 2019 | yearly | 1994 - 2019 |
| Canada (%) | -3.2 Dec 2020 | quarterly | Mar 1962 - Dec 2020 |
| Chile (%) | -0.1 Dec 2020 | quarterly | Mar 1987 - Dec 2020 |
| China (%) | 18.3 Mar 2021 | quarterly | Mar 1992 - Mar 2021 |
| Colombia (%) | -3.5 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
| Croatia (%) | -7.0 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Cyprus (%) | -4.5 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Czech Republic (%) | -4.8 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Denmark (%) | -1.5 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
| Ecuador (%) | -7.2 Dec 2020 | quarterly | Mar 1994 - Dec 2020 |
| Egypt (%) | 2.0 Dec 2020 | quarterly | Sep 2002 - Dec 2020 |
| Estonia (%) | -1.9 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| European Union (%) | -1.7 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| Finland (%) | -1.7 Dec 2020 | quarterly | Mar 1976 - Dec 2020 |
| France (%) | 1.5 Mar 2021 | quarterly | Mar 1950 - Mar 2021 |
| Georgia (%) | -6.8 Dec 2020 | quarterly | Mar 1998 - Dec 2020 |
| Germany (%) | 9.4 Jun 2021 | quarterly | Mar 1992 - Jun 2021 |
| Ghana (%) | 0.8 Dec 2020 | quarterly | Jun 2006 - Dec 2020 |
| Greece (%) | -7.9 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Hong Kong SAR, China (%) | -2.9 Dec 2020 | quarterly | Mar 1991 - Dec 2020 |
| Hungary (%) | -4.1 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Iceland (%) | -5.9 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| India (%) | 0.4 Dec 2020 | quarterly | Jun 2005 - Dec 2020 |
| Indonesia (%) | -0.7 Mar 2021 | quarterly | Mar 1994 - Mar 2021 |
| Iran (%) | 4.8 Sep 2020 | quarterly | Jun 1989 - Sep 2020 |
| Ireland (%) | -0.2 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Israel (%) | -0.7 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Italy (%) | -1.5 Mar 2021 | quarterly | Mar 1982 - Mar 2021 |
| Ivory Coast (%) | 7.4 2018 | yearly | 1966 - 2018 |
| Japan (%) | -1.3 Dec 2020 | quarterly | Mar 1956 - Dec 2020 |
| Jordan (%) | -1.6 Dec 2020 | quarterly | Mar 1993 - Dec 2020 |
| Kazakhstan (%) | -4.9 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
| Kenya (%) | -1.9 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
| South Korea (%) | 1.7 Mar 2021 | quarterly | Mar 1961 - Mar 2021 |
| Kosovo (%) | 5.6 Mar 2021 | quarterly | Mar 2011 - Mar 2021 |
| Kuwait (%) | 1.2 Sep 2020 | quarterly | Jun 2010 - Sep 2020 |
| Kyrgyzstan (%) | -8.6 Dec 2020 | quarterly | Mar 2007 - Dec 2020 |
| Laos (%) | 5.5 2019 | yearly | 2003 - 2019 |
| Latvia (%) | -2.1 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| Lebanon (%) | -1.9 2018 | yearly | 2005 - 2018 |
| Lithuania (%) | -1.1 Dec 2020 | quarterly | Jun 1995 - Dec 2020 |
| Luxembourg (%) | 1.4 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Macau SAR, China (%) | -45.9 Dec 2020 | quarterly | Mar 2002 - Dec 2020 |
| North Macedonia (%) | -0.7 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
| Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
| Malaysia (%) | -3.4 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
| Malta (%) | -6.2 Dec 2020 | quarterly | Mar 2001 - Dec 2020 |
| Mauritius (%) | -12.2 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
| Mexico (%) | -2.9 Mar 2021 | quarterly | Mar 1981 - Mar 2021 |
| Moldova (%) | 1.0 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Mongolia (%) | -0.3 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Montenegro (%) | -7.5 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Morocco (%) | -6.0 Dec 2020 | quarterly | Mar 2008 - Dec 2020 |
| Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
| Myanmar (%) | 3.2 2020 | yearly | 2011 - 2020 |
| Nepal (%) | -2.7 Mar 2020 | quarterly | Dec 2004 - Mar 2020 |
| Netherlands (%) | -3.0 Dec 2020 | quarterly | Mar 1997 - Dec 2020 |
| New Zealand (%) | 1.2 Dec 2020 | quarterly | Jun 1983 - Dec 2020 |
| Nigeria (%) | 0.1 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Norway (%) | -1.1 Dec 2020 | quarterly | Mar 1979 - Dec 2020 |
| Oman (%) | -0.8 2019 | yearly | 1999 - 2019 |
| Pakistan (%) | 0.5 2020 | yearly | 2001 - 2020 |
| Palestinian Territory (%) | 11.8 Sep 2020 | quarterly | Jun 2011 - Sep 2020 |
| Panama (%) | -10.9 Dec 2020 | quarterly | Mar 2008 - Dec 2020 |
| Paraguay (%) | 1.0 Dec 2020 | quarterly | Mar 1995 - Dec 2020 |
| Peru (%) | -1.7 Dec 2020 | quarterly | Mar 1981 - Dec 2020 |
| Philippines (%) | -8.4 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| Poland (%) | -2.7 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
| Qatar (%) | -3.9 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| Romania (%) | -1.8 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Russia (%) | -2.8 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| Saudi Arabia (%) | -3.9 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
| Singapore (%) | 0.2 Mar 2021 | quarterly | Mar 1976 - Mar 2021 |
| Slovakia (%) | -2.1 Dec 2020 | quarterly | Mar 1994 - Dec 2020 |
| Slovenia (%) | -5.0 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
| South Africa (%) | -4.2 Dec 2020 | quarterly | Mar 1961 - Dec 2020 |
| Spain (%) | -4.3 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| Sri Lanka (%) | 1.3 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
| Sudan (%) | -1.3 2019 | yearly | 1983 - 2019 |
| Sweden (%) | -2.1 Dec 2020 | quarterly | Mar 1982 - Dec 2020 |
| Switzerland (%) | -1.7 Dec 2020 | quarterly | Mar 1966 - Dec 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -11.7 Dec 2020 | quarterly | Jun 1993 - Dec 2020 |
| Consolidated Fiscal Balance (USD mn) | -15,724.165 Jan 2021 | monthly | May 1992 - Jan 2021 |
| Tax Revenue (USD mn) | 20,296.236 Jun 2021 | monthly | Jan 1996 - Jun 2021 |
| Tax Revenue: % of GDP (%) | 13.5 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| National Government Debt (USD mn) | 1,282,564.6 2021 | yearly | 1962 - 2021 |
| Government Debt: % of GDP (%) | 72.2 2021 | yearly | 1962 - 2021 |
| Forecast: Government Expenditure (CAD bn) | 1,235.290 2026 | yearly | 1980 - 2026 |
| Forecast: Government Net Debt (CAD bn) | 2,898.370 2026 | yearly | 1980 - 2026 |
| Forecast: Government Revenue (CAD bn) | 1,240.440 2026 | yearly | 1980 - 2026 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -12,709.000 Jun 2021 | monthly | May 1992 - Jun 2021 |
| Budgetary Expense (CAD mn) | -42,335.000 Jun 2021 | monthly | May 1992 - Jun 2021 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 4,780.000 Jun 2021 | monthly | Jan 1996 - Jun 2021 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 24,802.000 Jun 2021 | monthly | Jan 1996 - Jun 2021 |
| Budgetary Revenue (CAD mn) | 29,626.000 Jun 2021 | monthly | May 1992 - Jun 2021 |
| FIN Forecast: Budgetary Balance (CAD mn) | -24,900.000 2026 | yearly | 1996 - 2026 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 65,700.000 2026 | yearly | 2000 - 2026 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 417,300.000 2026 | yearly | 1996 - 2026 |
| FIN Forecast: Budgetary Expense (CAD mn) | 434,500.000 2026 | yearly | 1996 - 2026 |
| Net Financing Activities (CAD mn) | 20,460.000 Jun 2021 | monthly | Jan 1996 - Jun 2021 |
| FIN Forecast: Federal Debt (CAD mn) | 1,378,300.000 2026 | yearly | 1997 - 2026 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.287 2026 | yearly | 1980 - 2026 |
| Trade Balance (USD mn) | 621.0 Jul 2021 | monthly | Jan 1988 - Jul 2021 |
| Total Exports (USD mn) | 42,896.5 Jul 2021 | monthly | Jan 1988 - Jul 2021 |
| Total Exports Growth (%) | 17.0 Jul 2021 | monthly | Jan 1989 - Jul 2021 |
| Aluminum: Exports (USD th) | 6,745,490.369 2020 | yearly | 1995 - 2020 |
| Exports: Medicament (USD th) | 7,704,119.726 2020 | yearly | 1995 - 2020 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 893,615.928 2020 | yearly | 1995 - 2020 |
| Total Imports (USD mn) | 42,275.5 Jul 2021 | monthly | Jan 1988 - Jul 2021 |
| Total Imports Growth (%) | 9.4 Jul 2021 | monthly | Jan 1989 - Jul 2021 |
| Imports: Medicament (USD th) | 8,982,517.927 2020 | yearly | 1995 - 2020 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 6,403,601.693 2020 | yearly | 1995 - 2020 |
| Total Exports to USA (USD mn) | 26,098.603 Dec 2020 | monthly | Jan 1988 - Dec 2020 |
| Total Imports from USA (USD mn) | 25,661.469 Mar 2021 | monthly | Jan 1997 - Mar 2021 |
| Total Exports to China (USD mn) | 1,955.178 Apr 2021 | monthly | Jan 1997 - Apr 2021 |
| Total Imports from China (USD mn) | 4,514.997 Mar 2021 | monthly | Jan 1997 - Mar 2021 |
| CA: Import Unit Value Index (2010=100) | 104.348 2011 | yearly | 1948 - 2011 |
| CA: Export Unit Value Index (2010=100) | 106.461 2011 | yearly | 1948 - 2011 |
| Coal Exports (kton) | 2,494.000 Jun 2021 | monthly | Jan 1977 - Jun 2021 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 1,028,000.242 Jul 2021 | monthly | Oct 2009 - Jul 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.6 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
| Household Debt: % of GDP (%) | 110.6 Mar 2021 | quarterly | Mar 1969 - Mar 2021 |
| Money Supply M1 (USD mn) | 1,251,451.951 Jun 2021 | monthly | Mar 1975 - Jun 2021 |
| Money Supply M2 (USD mn) | 1,802,014.673 Jun 2021 | monthly | Jan 1968 - Jun 2021 |
| M2 Growth (%) | 11.8 Jun 2021 | monthly | Jan 1969 - Jun 2021 |
| Foreign Exchange Reserves (USD mn) | 70,253.0 Mar 2021 | monthly | Jun 1999 - Mar 2021 |
| Foreign Exchange Reserves: % of GDP (%) | 4.136 Jun 2021 | quarterly | Jun 1999 - Jun 2021 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.8 Jul 2021 | monthly | Jun 1999 - Jul 2021 |
| Gold Reserves (USD mn) | 0.000 Aug 2021 | monthly | Dec 1956 - Aug 2021 |
| Total Deposits (USD mn) | 3,958,157.836 Jun 2021 | monthly | Jan 2009 - Jun 2021 |
| Total Deposits Growth (%) | 12.9 Feb 2021 | monthly | Jan 2010 - Feb 2021 |
| Domestic Credit (USD mn) | 4,399,821.0 Jun 2021 | monthly | Jan 1969 - Jun 2021 |
| Domestic Credit Growth (%) | 6.6 Jun 2021 | monthly | Jan 1970 - Jun 2021 |
| Debt Service Ratio: Households (%) | 12.400 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 23.000 Mar 2021 | quarterly | Mar 1999 - Mar 2021 |
| Credit to Households (USD bn) | 1,970.207 Mar 2021 | quarterly | Mar 1969 - Mar 2021 |
| Credit to Private Non-Financial Sector (USD bn) | 4,231.089 Dec 2020 | quarterly | Mar 1954 - Dec 2020 |
| Household Debt (USD mn) | 2,039,134.2 Jun 2021 | monthly | Jan 1969 - Jun 2021 |
| Total Loans (USD mn) | 2,777,369.665 Feb 2021 | monthly | Jan 1969 - Feb 2021 |
| Total Loans Growth (%) | 3.52 Mar 2021 | monthly | Jan 1970 - Mar 2021 |
| Private Debt: % of Nominal GDP (%) | 239.82 Dec 2020 | quarterly | Mar 1969 - Dec 2020 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,240,811.000 Jun 2021 | monthly | Jan 1968 - Jun 2021 |
| Money Supply: M1+: Gross (CAD mn) | 1,549,139.000 Jun 2021 | monthly | Mar 1975 - Jun 2021 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,003,837.000 Jun 2021 | monthly | Jan 1970 - Jun 2021 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,265,475.000 Jul 2021 | monthly | Jan 1968 - Jul 2021 |
| Money Supply: M3: Gross (CAD mn) | 3,004,894.000 Jun 2021 | monthly | Jan 1970 - Jun 2021 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,552,301.000 Jun 2021 | monthly | Mar 1975 - Jun 2021 |
| Official International Reserves: Gold (USD mn) | 0.000 Aug 2021 | monthly | Dec 1994 - Aug 2021 |
| Official International Reserves (USD mn) | 106,539.000 Aug 2021 | monthly | Dec 1994 - Aug 2021 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -3.6 Aug 2021 | monthly | Dec 2001 - Aug 2021 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 66.000 Aug 2021 | monthly | Dec 2000 - Aug 2021 |
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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
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
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 Deflator
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