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Indicator Digest

Gross Domestic Product
GDP is the broadest measures of the economy, encompassing every sector of the economy, such as consumer spending, business and residential investment. Increased growth relates to better corporate profits, stock growth, and eventually wages.

Main Indicator: Gross Domestic Product

Most Recent Release

March
1st, 2010
Actual Forecast Previous Revised Form
0.6% 0.4% 0.4% N/A

Monthly Change for December
Provided by: Statistics Canada
Official Release: Press Release

Annualized GDP q/q (4Q): 5.0%, forecast 4.2%, pr. 0.9% (3Q)

From the Release: "Real gross domestic product (GDP) increased 1.2% in the fourth quarter, the largest quarterly increase since the third quarter of 2000. Final domestic demand advanced 1.1% as consumer spending continued to grow. Real GDP increased 0.6% in December, a fourth consecutive monthly advance. Additional data tables are available in the Canadian Economic Accounts Quarterly Review.

For a third consecutive quarter, growth in final domestic demand was led by increases in personal expenditures, government expenditures, and investment in residential structures. Export and import volumes both rose for a second consecutive quarter, with growth in exports outpacing that of imports in the fourth quarter."

Table of Past Data

4/306/16/308/319/3010/3011/3012/231/293/1
Actual-0.1%-0.3%-0.1%0.1%0.0%-0.1%0.4%0.2%0.4%0.6%
Forecast-0.1%-0.3%-0.1%0.2%0.4%0.1%0.4%0.3%0.3%0.4%
Previous-0.7%-0.1%-0.3%-0.5%0.1%0.0%-0.1%0.4%0.3%0.4%
Revised FromN/AN/AN/AN/AN/AN/AN/AN/A0.2%N/A

Past Releases

January
29th, 2010
Actual Forecast Previous Revised Form
0.4% 0.3% 0.3% 0.2%

Monthly Rate For November
Provided by: Statistics Canada
Previous Release: Press Release

December
23rd, 2009
Actual Forecast Previous Revised Form
0.2% 0.3% 0.4% N/A

Monthly Rate For October
Provided by: Statistics Canada
Official Release: Press Release

From the Release: "Real gross domestic product grew 0.2% in October, a second consecutive monthly advance. Production increased in most major sectors, as was the case in September. A significantly higher level of activity for real estate agents and brokers provided the largest contribution to the 0.2% gain in service industries. There were also increases in retail and wholesale trade as well as in some tourism-related industries. Conversely, the finance and insurance sector retreated. Goods-producing industries advanced 0.1% on the strength of utilities. Construction advanced while mining retreated and manufacturing stood still."

November
30th, 2009
Actual Forecast Previous Revised Form
0.4% 0.4% -0.1% N/A

Monthly Rate For September
Provided by: Statistics Canada
Official Release: Press Release

From the Release: "Real gross domestic product (GDP) increased 0.1% in the third quarter, the first quarterly gain since the third quarter of 2008. Final domestic demand advanced 1.2%, as capital investment and personal expenditures both increased. The Canadian economy expanded at an annualized rate of 0.4% in the third quarter, compared with a 2.8% increase for the US economy. Real GDP was up 0.4% in September, as most major industrial sectors increased their production.

Final domestic demand was bolstered by a second consecutive quarterly gain in personal expenditures and the first expansion in business capital expenditure since the fourth quarter of 2007. Export and import volumes both increased after many quarters of decline."

October
30th, 2009
Actual Forecast Previous Revised Form
-0.1% 0.1% 0.0% N/A

Monthly Rate For August
Provided by: Statistics Canada
Official Release: Press Release

From the Release: "Real gross domestic product decreased 0.1% in August after being unchanged in July. Oil and gas extraction and, to a lesser extent, manufacturing were the main sources of the decline in August. Wholesale trade, agriculture and forestry also retreated. Conversely, increases in the public sector, utilities, retail trade and construction mitigated these declines."

September
30th, 2009
Actual Forecast Previous Revised Form
0.0% 0.4% 0.1% N/A

Monthly Rate For July
Provided by: Statistics Canada
Official Release: Press Release

From the Release: "Real gross domestic product was unchanged in July, following a 0.1% increase in June. The strength of the manufacturing and wholesale trade sectors was attributable to a rebound in motor vehicle and parts production. There was also an increase in the accommodation and food service sector.

These gains were offset by declines in the mining sector, which were due in part to temporary closures, and in utilities. Construction, retail trade and municipal public administration were also down."

August
31st, 2009
Actual Forecast Previous Revised Form
0.1% 0.2% -0.5% N/A

Monthly Rate For Jun
Provided by: Statistics Canada
Official Release: Press Release

From the Release: "Real gross domestic product (GDP) increased 0.1% in June, the first monthly increase since July 2008. For the second quarter as a whole real GDP decreased 0.9%, a less pronounced rate of decline than the 1.6% drop in the previous quarter. Final domestic demand increased 0.1% in the second quarter."

June
30th, 2009
Actual Forecast Previous Revised Form
-0.1% -0.1% -0.3% N/A

Monthly Rate For April
Provided by: Statistics Canada
Official Release: Press Release

From the Release: "Real gross domestic product declined 0.1% in April. This follows decreases of 0.3% in March and 0.1% in February, and more pronounced declines between November 2008 and January 2009. Declines in manufacturing, the energy sector and retail trade were the main contributors to the April decrease. Increases in the activities of real estate agents and brokers and wholesale trade mitigated the drop."

June
1st, 2009
Actual Forecast Previous Revised Form
-0.3% -0.3% -0.1% N/A

Monthly Rate For March
Provided by: Statistics Canada
Official Release: Press Release

From the Release: "Real gross domestic product (GDP) declined 1.4% in the first quarter, the largest quarterly decrease since 1991. Both domestic and international demand continued to weaken. Real GDP fell 0.3% in March. The declines in February and March were less pronounced than those in the preceding three months.

Lower spending in Canada and the United States, particularly business investment in plant and equipment, led to a sharp decline in Canada's exports and imports. Business investment in Canada fell at the fastest rate since 1982. Final domestic demand was down 1.5% as personal spending, particularly on durable goods, continued to decline. Corporate and personal income also fell in the quarter."

 

April
30th, 2009
Actual Forecast Previous Revised Form
-0.1% -0.1% -0.7% N/A

Monthly Rate For February
Provided by: Statistics Canada
Official Release: Press Release

From the Release: "Real gross domestic product edged down 0.1% in February. Economic activity has declined by 2.4% since October 2008.

A 19% rise in motor vehicle and associated parts manufacturing in February was not enough to outweigh declines in construction and in mining activities (excluding oil and gas). Wholesale and retail trade and several major groups of the manufacturing sector also declined. Conversely, oil and gas extraction and some tourism-related industries advanced. The finance and insurance sector as well as the public sector were unchanged."