The Gross Domestic Product (GDP) in Canada contracted 5.20 percent in the third quarter of 2020 over the same quarter of the previous year. source: Statistics Canada
GDP Annual Growth Rate in Canada averaged 3.02 percent from 1962 until 2020, reaching an all time high of 9.30 percent in the first quarter of 1962 and a record low of -12.50 percent in the second quarter of 2020. This page provides - Canada GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada GDP Annual Growth Rate - values, historical data and charts - was last updated on December of 2020.
GDP Annual Growth Rate in Canada is expected to be -5.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Canada to stand at 6.00 in 12 months time. In the long-term, the Canada GDP Annual Growth Rate is projected to trend around 2.50 percent in 2021 and 1.90 percent in 2022, according to our econometric models.