The Canadian economy expanded an annualized 3.1% on quarter in the first three months of 2023, rebounding from a 0.1% fall in the previous period, and beating forecasts of a 2.5% increase. Favourable international trade and growth in household spending were moderated by slower inventory accumulations as well as declines in housing investment and business investment in machinery and equipment. source: Statistics Canada
GDP Growth Annualized in Canada averaged 3.04 percent from 1961 until 2023, reaching an all time high of 36.10 percent in the third quarter of 2020 and a record low of -43.70 percent in the second quarter of 2020. This page provides - Canada Gdp Growth Annualized - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Growth Annualized - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.
GDP Growth Annualized in Canada is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada GDP Growth Annualized is projected to trend around 1.00 percent in 2024 and 2.00 percent in 2025, according to our econometric models.