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Figure 3-1: Canadian Real GDP Growth, 2006-2010

Figure 3-1 depicts Canadian Real GDP Growth, annual percentage change from 2006 to 2010 and quarterly annualized growth in each of the quarters of 2009 and 2010. In 2006 annual Real GDP Growth was 2.8%; in 2007 2.2%; in 2008 0.5%, and registered a 2.5-percent decline in 2009. In Q1 2009 quarter over quarter economic growth was -1.8 percent, improved to -0.7 percent in Q2 2009 before returning to positive growth at 0.2 percent in Q3 and 1.2 percent in Q4 2009. Growth in Q1 2010 was 1.4 percent, 0.6 percent in Q2 2010, 0.5 in Q3 2010 and 0.8 percent in Q4 2010.

Source: Statistics Canada