Canada Real GDP Growth
1962 - 2020 | Quarterly | % | CEIC Data
Key information about Canada Real GDP Growth
- 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.
Related information about Canada Real GDP Growth
- 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 48,047.8 USD in Jun 2021.
- Its Gross Savings Rate was measured at 24.8 % in Sep 2021.
- For Nominal GDP contributions, Investment accounted for 25.5 % in Sep 2021.
- Public Consumption accounted for 20.3 % in Sep 2021.
- Private Consumption accounted for 54.9 % in Sep 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?
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. See the table below for more data.
| 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 Sep 2021 | quarterly | Mar 2009 - Sep 2021 |
| Bangladesh (%) | 5.2 2020 | yearly | 2007 - 2020 |
| Belarus (%) | -0.2 Dec 2020 | quarterly | Mar 2006 - Dec 2020 |
| Belgium (%) | 4.9 Sep 2021 | quarterly | Mar 1996 - Sep 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 (%) | 2.6 Sep 2021 | quarterly | Mar 1992 - Sep 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) | 22,042.786 Oct 2021 | monthly | Jan 1996 - Oct 2021 |
| Tax Revenue: % of GDP (%) | 13.5 Mar 2021 | quarterly | Mar 1996 - Mar 2021 |
| National Government Debt (USD mn) | 1,314,327.4 2021 | yearly | 1962 - 2021 |
| Government Debt: % of GDP (%) | 73.8 2021 | yearly | 1962 - 2021 |
| Forecast: Government Expenditure (CAD bn) | 1,302.340 2026 | yearly | 1980 - 2026 |
| Forecast: Government Net Debt (CAD bn) | 2,818.050 2026 | yearly | 1980 - 2026 |
| Forecast: Government Revenue (CAD bn) | 1,315.350 2026 | yearly | 1980 - 2026 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -3,684.000 Oct 2021 | monthly | May 1992 - Oct 2021 |
| Budgetary Revenue (CAD mn) | 31,512.000 Oct 2021 | monthly | May 1992 - Oct 2021 |
| Budgetary Expense (CAD mn) | -35,196.000 Oct 2021 | monthly | May 1992 - Oct 2021 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,095.000 Oct 2021 | monthly | Jan 1996 - Oct 2021 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 27,408.000 Oct 2021 | monthly | Jan 1996 - Oct 2021 |
| FIN Forecast: Budgetary Balance (CAD mn) | -13,100.000 2027 | yearly | 1996 - 2027 |
| 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 Expense (CAD mn) | 498,100.000 2027 | yearly | 1996 - 2027 |
| Net Financing Activities (CAD mn) | 16,752.000 Oct 2021 | monthly | Jan 1996 - Oct 2021 |
| FIN Forecast: Federal Debt (CAD mn) | 1,358,900.000 2027 | yearly | 1997 - 2027 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.354 2026 | yearly | 1980 - 2026 |
| Trade Balance (USD mn) | 1,683.0 Oct 2021 | monthly | Jan 1988 - Oct 2021 |
| Total Exports (USD mn) | 45,185.1 Oct 2021 | monthly | Jan 1988 - Oct 2021 |
| Total Exports Growth (%) | 21.0 Oct 2021 | monthly | Jan 1989 - Oct 2021 |
| Aluminum: Exports (USD th) | 6,745,490.368 2020 | yearly | 1995 - 2020 |
| Exports: Medicament (USD th) | 7,704,119.726 2020 | yearly | 1995 - 2020 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 893,615.927 2020 | yearly | 1995 - 2020 |
| Total Imports (USD mn) | 43,502.1 Oct 2021 | monthly | Jan 1988 - Oct 2021 |
| Total Imports Growth (%) | 7.0 Oct 2021 | monthly | Jan 1989 - Oct 2021 |
| Imports: Medicament (USD th) | 8,982,517.926 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: 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) | 2,557.000 Sep 2021 | monthly | Jan 1977 - Sep 2021 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 1,539,907.680 Nov 2021 | monthly | Jan 1988 - Nov 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) | 1,276,741.147 Oct 2021 | monthly | Mar 1975 - Oct 2021 |
| Money Supply M2 (USD mn) | 1,847,036.380 Oct 2021 | monthly | Jan 1968 - Oct 2021 |
| M2 Growth (%) | 8.8 Oct 2021 | monthly | Jan 1969 - Oct 2021 |
| Foreign Exchange Reserves (USD mn) | 70,253.0 Mar 2021 | monthly | Jun 1999 - Mar 2021 |
| Foreign Exchange Reserves: % of GDP (%) | 4.072 Sep 2021 | quarterly | Jun 1999 - Sep 2021 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.7 Oct 2021 | monthly | Jun 1999 - Oct 2021 |
| Gold Reserves (USD mn) | 0.000 Oct 2021 | monthly | Dec 1956 - Oct 2021 |
| Total Deposits (USD mn) | 4,016,196.223 Oct 2021 | monthly | Jan 2009 - Oct 2021 |
| Total Deposits Growth (%) | 12.9 Feb 2021 | monthly | Jan 2010 - Feb 2021 |
| Domestic Credit (USD mn) | 4,512,501.4 Oct 2021 | monthly | Jan 1969 - Oct 2021 |
| Domestic Credit Growth (%) | 7.9 Oct 2021 | monthly | Jan 1970 - Oct 2021 |
| Debt Service Ratio: Households (%) | 12.400 Jun 2021 | quarterly | Mar 1999 - Jun 2021 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 22.900 Jun 2021 | quarterly | Mar 1999 - Jun 2021 |
| Credit to Households (USD bn) | 2,062.414 Jun 2021 | quarterly | Mar 1969 - Jun 2021 |
| Credit to Private Non-Financial Sector (USD bn) | 4,466.447 Jun 2021 | quarterly | Mar 1954 - Jun 2021 |
| Household Debt (USD mn) | 2,117,185.6 Oct 2021 | monthly | Jan 1969 - Oct 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: M1+: Gross (CAD mn) | 1,589,461.000 Oct 2021 | monthly | Mar 1975 - Oct 2021 |
| Money Supply: M3: Gross (CAD mn) | 3,115,821.000 Oct 2021 | monthly | Jan 1970 - Oct 2021 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,292,520.000 Oct 2021 | monthly | Jan 1968 - Oct 2021 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,117,892.000 Oct 2021 | monthly | Jan 1970 - Oct 2021 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,582,776.000 Oct 2021 | monthly | Mar 1975 - Oct 2021 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,289,771.000 Oct 2021 | monthly | Jan 1968 - Oct 2021 |
| Official International Reserves (USD mn) | 103,624.000 Nov 2021 | monthly | Dec 1994 - Nov 2021 |
| Official International Reserves: Gold (USD mn) | 0.000 Nov 2021 | monthly | Dec 1994 - Nov 2021 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 17.0 Nov 2021 | monthly | Dec 2001 - Nov 2021 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 61.200 Nov 2021 | monthly | Dec 2000 - Nov 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