Canada Gross Domestic Product (GDP) m/m

Country:
Canada
CAD, Canadian dollar
Sector:
GDP
High 0.3% 0.1%
-0.1%
Last release Importance Actual Forecast
Previous
0.1%
0.3%
Next release Actual Forecast
Previous
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Canada Gross Domestic Product (GDP) m/m reflects a change in the total value of all goods and services produced in all sectors of economy in Canada, in the current month compared to the previous one. Canada's GDP is calculated using purchasers' prices and represents the sum of the gross value added created by all Canadian resident manufacturers. The GDP calculation includes any taxes on products. Subsidies to the enterprise, which are not included in the cost of production, are excluded from calculation.

GDP is based on the monetary estimate of the value of goods, therefore it requires an adjustment for inflation. Depending on whether adjustment is applied, GDP can be real and nominal. Nominal GDP ignores inflation and deflation, that is why it is difficult to measure the indicator change based on the nominal value. Real GDP accounts for the effect of inflation and enables the seamless comparison of economic activity over long periods (for example by showing GDP change in relation to the previous year or quarter in percentage). For this purpose, the GDP deflator is included in the calculation formula.

GDP calculation includes data in 192 industries (to ensure sufficient data specification).

GDP is usually used as an indicator of the national economy state and of the standard of living. Its growth is interpreted as the strengthening of economy, the decline shows weakening. Therefore, GDP growth can affect CAD quotes positively.

Last values:

actual data

forecast

The chart of the entire available history of the "Canada Gross Domestic Product (GDP) m/m" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jan 2019
0.3%
0.1%
-0.1%
Dec 2018
-0.1%
0.1%
-0.1%
Nov 2018
-0.1%
0.2%
0.3%
Oct 2018
0.3%
0.2%
-0.1%
Sep 2018
-0.1%
0.2%
0.1%
Aug 2018
0.1%
0.2%
0.2%
Jul 2018
0.2%
0.2%
0.0%
Jun 2018
0.0%
0.2%
0.5%
May 2018
0.5%
0.1%
0.1%
Apr 2018
0.1%
0.1%
0.3%
Mar 2018
0.3%
0.1%
0.4%
Feb 2018
0.4%
0.2%
-0.1%
Jan 2018
-0.1%
0.2%
0.2%
Dec 2017
0.1%
0.2%
0.4%
Nov 2017
0.4%
0.1%
0.0%
Oct 2017
0.0%
0.1%
0.2%
Sep 2017
0.2%
0.1%
-0.1%
Aug 2017
-0.1%
0.1%
0.0%
Jul 2017
0.0%
0.1%
0.3%
Jun 2017
0.3%
0.6%
May 2017
0.6%
0.2%
Apr 2017
0.2%
0.5%
Mar 2017
0.5%
0.0%
Feb 2017
0.0%
0.6%
Jan 2017
0.6%
0.3%
Dec 2016
0.3%
0.4%
Nov 2016
0.4%
-0.2%
Oct 2016
-0.3%
0.3%
Sep 2016
0.3%
0.2%
Aug 2016
0.2%
0.5%
Jul 2016
0.5%
0.6%
Jun 2016
0.6%
-0.6%
May 2016
-0.6%
0.1%
Apr 2016
0.1%
-0.2%
Mar 2016
-0.2%
-0.1%
Feb 2016
-0.1%
0.6%
Jan 2016
0.6%
0.2%
Dec 2015
0.2%
0.3%
Nov 2015
0.3%
0.0%
Oct 2015
0.0%
-0.5%
Sep 2015
-0.5%
0.1%
Aug 2015
0.1%
0.3%
Jul 2015
0.3%
0.4%
Jun 2015
0.5%
-0.2%
May 2015
-0.2%
-0.1%
Apr 2015
-0.1%
-0.2%
Mar 2015
-0.2%
0.0%
Feb 2015
0.0%
-0.1%
Jan 2015
-0.1%
0.3%
Dec 2014
0.3%
-0.2%

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