Canada: Economic growth, quarterly

* indicates monthly or quarterly data series

Economic growth, percent change in quarterly real GDP

 Latest value 0.53
 Reference Q1 2024
 Measure percent
 Data availability Q1 1962 - Q1 2024
 Average 3.03
 Min - Max -12.24 - 12.38
 Source Statistics Canada
The latest data from Q1 2024 show economic growth of 0.53 percent, which is a decrease from the rate of growth of 0.97 percent in the previous quarter and a decrease compared to the growth rate of 2.04 percent in the same quarter last year. The economic growth time series for Canada cover the period from Q1 1962 to Q1 2024. During that time span, the average growth rate for Canada was 3.03 percent. The lowest rate of growth of -12.24 percent was recorded in Q2 2020 while the highest growth rate was 12.38 percent in Q2 2021. See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series

Recent values chart
Canada - Economic growth, quarterly  - recent values

Historical chart
Canada - Economic growth, quarterly  - historical chart - 1962-2024
Measure: percent
Source: Statistics Canada

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Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.

 Related indicators Latest value Reference Measure
 Economic growth 3.82 2022 percent
 GDP, constant dollars 1,761.1 2022 billion U.S. dollars
 GDP, current U.S. dollars 2,161.48 2022 billion U.S. dollars
 GDP per capita, current dollars 55,522.45 2022 U.S. dollars
 GDP per capita, PPP 49,296 2022 U.S. dollars
 GDP per capita, constant dollars 45,237.78 2022 U.S. dollars
 Productivity, relative to the U.S. 78.54 2022 index points
 Productivity, current USD 71.9 2022 USD per hour worked
 Economic growth, quarterly 0.73 Q3/2023 percent
 Economic growth Q-on-Q -0.07 Q3/2023 percent
 Gross Domestic Product (GDP) 758.51 Q3/2023 billion
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