Quarterly Economic Indicators

Pocket Facts: Canada - Economic Indicators at a Glance
 20122013201420152016Q3-2017Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Gross Domestic Product (Current $) ($B)1,822.81,897.51,990.21,994.92,035.52,144.3*
Real GDP Growth1.7%2.5%2.9%1.0%1.4%1.7%*
GDP Per Capita52,45453,98056,00655,67356,12958,415 
Exports of Goods & Services as % of GDP30.2%30.2%31.5%31.5%31.0%29.7% 
Imports of Goods & Services as % of GDP32.2%31.8%32.5%34.0%33.4%32.5% 
Terms of Trade (2007 = 100.0) Index98.398.297.591.789.090.7 
Federal Government Balance (National Accounts) ($B)-19.1-11.81.13.5-8.2-14.6 
CPI - Rate of Inflation - year-over-year1.5%0.9%2.0%1.1%1.4%1.4%**
Unemployment Rate7.3%7.1%6.9%6.9%7.0%6.2% 
Employment Growth - year-over-year1.3%1.5%0.6%0.8%0.7%2.0% 
Population (Millions)34.75135.15235.53535.83336.26536.708 
Pocket Facts: Canada - Economic Indicators
 20122013201420152016Q3-2017Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Investment, Net Flows ($B)
Foreign direct investment in Canada, net flows43.171.565.258.349.49.5 
Canadian direct investment abroad, net flows-55.8-59.1-66.6-86.7-97.5-21.3 
Investment (Stocks) Position at the End of Period ($B)
Cumulative Foreign Direct Investment in Canada633.8688.9744.7789.0825.7n.a.**
Cumulative Canadian Direct Investment Abroad704.3778.4845.21,035.21,049.6n.a.**
Balance of Payments, Current Account ($B)
Exports of Goods & Services550.7572.4627.6629.0630.4159.1 
Goods461.5479.2529.3525.0521.5131.1 
Services89.293.198.3104.0108.928.1 
Imports of Goods & Services586.6603.6647.2678.3679.5174.2 
Goods474.8487.4524.7548.7547.3140.0 
Services111.8116.2122.6129.6132.234.2 
Trade Balance on Goods & Services-35.9-31.2-19.6-49.3-49.2-15.1 
Goods-13.3-8.14.7-23.7-25.9-8.9 
Services-22.6-23.1-24.3-25.6-23.3-6.1 
Balance on Current Account-65.7-61.1-47.8-71.5-65.4-19.3 
Travel ($B)
Total Receipts from Travel17.418.219.621.223.96.4 
Total Payments for Travel35.036.238.038.538.110.5 
Selected Components of GDP ($B)
Wages, Salaries & Supplementary Labour Income923.4961.2998.51,026.91,044.01,088.1*
Corporate Profits Before Taxes496.0518.3557.3515.7519.0563.6*
Federal Government Expenditures271.5273.5274.1283.2294.2309.7*
Provincial Government Expenditures405.0415.9425.0439.4453.0470.3*
Business Investment Fixed Capital368.7383.8410.6398.4389.6402.2*
Contribution to Real GDP by Selected Sectors
Agriculture, forestry, fishing and hunting1.5%1.8%1.6%1.6%1.7%1.5% 
Mining and oil and gas extraction8.0%8.2%8.6%8.3%8.1%8.6% 
Construction and utilities10.0%10.1%10.1%9.6%9.3%9.3% 
Manufacturing10.8%10.5%10.5%10.4%10.4%10.3% 
Wholesale & retail trade, transportation and storage15.0%15.3%15.3%15.5%15.5%15.9% 
Finance, insurance and real estate services19.0%19.2%19.1%19.7%20.1%20.0% 
Information, culture, arts, entertainment and recreation4.0%3.8%3.9%3.9%3.9%3.8% 
Professional, administrative and hospitality services10.8%10.8%11.0%11.0%10.9%10.8% 
Education, health, social and government services20.9%20.5%20.1%20.2%20.2%19.9% 
Research and Development
Gross Expenditures on R&D (GERD) ($B)32.632.434.533.933.9n.a. 
(GERD) as % of GDP1.79%1.71%1.73%1.70%1.67%n.a. 
Annual Average Interest Rates - Banks Prime rates
Canada3.00%3.00%3.00%2.78%2.70%3.03% 
United States3.25%3.25%3.25%3.27%3.52%4.25% 
Annual Average Exchange Rates: 1 Cdn $ in
U.S. Dollar1.0010.9710.9050.7820.755

0.798

 
Pound Sterling0.6310.6210.5500.5120.5570.610 
Chinese renminbi6.3135.9705.5774.9165.0135.325 
Mexican peso13.15412.38712.04212.40214.06514.220 
Japanese Yen79.74594.60795.60294.69781.90088.626 
Euro0.7780.7310.6820.7050.6820.680 
Pocket Facts: Canadian Foreign Trade (Customs Basis)
 20122013201420152016Jan.-Sept./17Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Total Merchandise Exports ($B)455.2471.9526.8524.0517.1407.6**
Total Merchandise Imports ($B)462.1475.7512.2536.3533.2

420.6

**
Merchandise Exports ($B)
Farm, fishing and intermediate food products27.528.131.332.532.023.9**
Energy products108.1115.5134.792.676.776.4**
Metal ores and non-metallic minerals19.018.419.219.616.813.7**
Metal and non-metallic mineral products52.852.956.857.056.046.0**
Basic and industrial chemical, plastic and rubber products32.434.234.734.332.925.8**
Forestry products and building and packaging materials30.834.037.240.041.632.4**
Industrial machinery, equipment and parts24.424.326.529.228.823.2**
Electronic and electrical equipment and parts20.319.921.223.823.917.7**
Motor vehicles and parts65.865.571.783.491.265.4**
Aircraft and other transportation equipment and parts15.415.619.321.620.214.7**
Consumer goods46.450.256.867.871.850.8**
Five Major Export Markets based on 2016 Exports (Share of Total Exports)
United States74.5%75.8%76.8%76.7%76.3%76.2%**
China, P. Rep.4.3%4.3%3.7%3.8%4.1%4.2%**
United Kingdom4.1%3.0%2.9%3.0%3.3%3.4%**
Japan2.3%2.3%2.0%1.9%2.1%2.1%**
Mexico1.2%1.2%1.1%1.3%1.5%1.4%**
Merchandise Imports ($B)
Farm, fishing and intermediate food products12.313.215.116.417.112.8**
Energy products44.744.244.131.326.715.5**
Metal ores and non-metallic minerals10.211.611.010.510.95.6**
Metal and non-metallic mineral products41.838.242.843.240.422.4**
Basic and industrial chemical, plastic and rubber products38.141.145.144.944.525.1**
Forestry products and building and packaging materials20.521.122.924.623.912.4**
Industrial machinery, equipment and parts45.345.551.054.253.227.3**
Electronic and electrical equipment and parts55.756.758.963.463.332.1**
Motor vehicles and parts82.985.190.6100.5106.857.9**
Aircraft and other transportation equipment and parts12.815.017.121.518.811.2**
Consumer goods91.996.6105.4116.8118.859.8**
Five Major Suppliers based on 2016 Imports (Share of Total Imports)
United States50.6%52.1%54.4%53.2%52.2%51.6%**
China, P. Rep.11.0%11.1%11.5%12.2%12.1%12.3%**
Mexico5.5%5.6%5.6%5.8%6.2%6.3%**
Germany3.1%3.2%3.1%3.2%3.2%3.2%**
Japan3.3%2.9%2.6%2.8%3.0%3.2%**

Notes: ($B) = Billions of Canadian Dollars
Source: Statistics Canada-CANSIM
Revised: December 2017

Global Affairs Canada
Office of the Chief Economist (BEA)
Enquiries: tradestats.bea@international.gc.ca