Quarterly Economic Indicators

Pocket Facts: Canada - Economic Indicators at a Glance
 20112012201320142015Q3-2016Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Gross Domestic Product (Current $) ($B)1,769.91,822.81,897.51,983.11,986.22,034.2*
Real GDP Growth3.1%1.7%2.5%2.6%0.9%3.5%*
GDP Per Capita51,53752,45453,97555,97255,40556,060 
Exports of Goods & Services as % of GDP30.6%30.2%30.2%31.6%31.6%30.9% 
Imports of Goods & Services as % of GDP31.8%32.2%31.8%32.6%34.0%33.5% 
Terms of Trade (2007 = 100.0) Index99.698.398.297.591.789.4 
Federal Government Balance (National Accounts) ($B)-25.9-19.1-12.2-2.0-5.4n.a. 
CPI - Rate of Inflation - year-over-year2.9%1.5%0.9%2.0%1.1%1.2%**
Unemployment Rate7.5%7.3%7.1%6.9%6.9%7.0% 
Employment Growth - year-over-year1.5%1.3%1.5%0.6%0.8%0.5% 
Population (Millions)34.34334.75135.15535.54535.84936.286 
Pocket Facts: Canada - Economic Indicators
 20112012201320142015Q3-2016Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Investment, Net Flows ($B)
Foreign direct investment in Canada, net flows39.343.171.565.353.16.5 
Canadian direct investment abroad, net flows-51.6-55.8-59.1-66.9-85.7-23.9 
Investment (Stocks) Position at the End of Period ($B)
Cumulative Foreign Direct Investment in Canada603.5633.8688.9719.6768.5n.a.**
Cumulative Canadian Direct Investment Abroad675.0704.3778.4825.31,005.2n.a.**
Balance of Payments, Current Account ($B)
Exports of Goods & Services541.0550.7572.4626.3627.2157.0 
Goods456.6461.5479.2528.4524.9130.1 
Services84.489.293.197.9102.326.9 
Imports of Goods & Services562.2586.6603.6646.6674.7170.6 
Goods456.0474.8487.4524.6547.9138.4 
Services106.2111.8116.2122.0126.832.2 
Trade Balance on Goods & Services-21.2-35.9-31.2-20.3-47.5-13.6 
Goods0.6-13.3-8.13.9-23.0-8.3 
Services-21.8-22.6-23.1-24.1-24.5-5.3 
Balance on Current Account-49.1-65.7-61.1-48.2-67.6-18.3 
Travel ($B)
Total Receipts from Travel16.617.418.219.621.26.1 
Total Payments for Travel33.035.036.238.038.59.6 
Selected Components of GDP ($B)
Wages, Salaries & Supplementary Labour Income883.0923.4961.2998.01,025.71,052.2*
Corporate Profits Before Taxes497.6496.0518.3553.5511.7516.8*
Federal Government Expenditures271.6271.5275.1276.3286.4n.a.*
Provincial Government Expenditures394.9405.0417.4425.4435.2n.a.*
Business Investment Fixed Capital338.2368.7376.9390.0379.6n.a.*
Contribution to Real GDP by Selected Sectors
Agriculture, forestry, fishing and hunting1.5%1.5%1.8%1.6%1.7%1.7% 
Mining and oil and gas extraction8.3%8.0%8.2%8.5%8.2%7.9% 
Construction and utilities9.7%10.0%10.1%10.0%9.5%9.2% 
Manufacturing10.9%10.8%10.5%10.5%10.5%10.4% 
Wholesale & retail trade, transportation and storage15.1%15.0%15.3%15.5%15.6%15.7% 
Finance, insurance and real estate services18.9%19.0%19.2%19.2%19.8%20.3% 
Information, culture, arts, entertainment and recreation4.0%4.0%3.8%3.8%3.8%3.8% 
Professional, administrative and hospitality services10.7%10.8%10.8%10.8%10.8%10.8% 
Education, health, social and government services21.1%20.9%20.5%20.2%20.2%20.3% 
Research and Development
Gross Expenditures on R&D (GERD) ($B)31.832.732.031.831.6n.a. 
(GERD) as % of GDP1.80%1.79%1.69%1.61%1.59%n.a. 
Annual Average Interest Rates - Banks Prime rates
Canada3.00%3.00%3.00%3.00%2.78%2.70% 
United States3.25%3.25%3.25%3.25%3.27%3.50% 
Annual Average Exchange Rates: 1 Cdn $ in
U.S. Dollar1.0111.0000.9710.9050.7820.766 
Pound Sterling0.6300.6310.6210.5500.5120.584 
Chinese renminbi6.5326.3135.9705.5774.9165.108 
Mexican peso12.53813.15412.38712.04212.40214.379 
Japanese Yen80.51579.74594.60795.60294.69778.432 
Euro0.7260.7780.7310.6820.7050.687 
Pocket Facts: Canadian Foreign Trade (Customs Basis)
 20112012201320142015Jan.-Sept./16Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Total Merchandise Exports ($B)446.7455.2471.9525.0524.0379.8**
Total Merchandise Imports ($B)446.7462.1475.7512.1536.0401.5**
Merchandise Exports ($B)
Farm, fishing and intermediate food products24.327.528.131.332.522.9**
Energy products105.1108.1115.5134.792.653.0**
Metal ores and non-metallic minerals20.419.018.419.119.612.2**
Metal and non-metallic mineral products58.652.852.956.856.941.4**
Basic and industrial chemical, plastic and rubber products34.932.434.234.734.325.0**
Forestry products and building and packaging materials30.730.834.037.240.031.2**
Industrial machinery, equipment and parts23.124.424.326.529.221.4**
Electronic and electrical equipment and parts20.620.319.921.223.817.7**
Motor vehicles and parts57.065.865.571.483.368.1**
Aircraft and other transportation equipment and parts14.115.415.619.321.614.5**
Consumer goods46.546.450.256.767.853.3**
Five Major Export Markets based on 2015 Exports (Share of Total Exports)
United States73.6%74.5%75.8%76.8%76.8%76.9%**
China, P. Rep.3.8%4.3%4.3%3.7%3.8%3.9%**
United Kingdom4.2%4.1%3.0%2.9%3.0%3.4%**
Japan2.4%2.3%2.3%2.0%1.9%2.0%**
Mexico1.2%1.2%1.2%1.1%1.3%1.5%**
Merchandise Imports ($B)
Farm, fishing and intermediate food products12.112.313.215.116.412.9**
Energy products47.544.744.244.231.220.0**
Metal ores and non-metallic minerals10.710.211.611.010.58.3**
Metal and non-metallic mineral products42.841.838.242.843.230.3**
Basic and industrial chemical, plastic and rubber products36.038.141.145.044.933.6**
Forestry products and building and packaging materials18.620.521.122.924.618.3**
Industrial machinery, equipment and parts42.545.345.551.054.241.3**
Electronic and electrical equipment and parts55.355.756.758.963.446.0**
Motor vehicles and parts74.282.985.190.6100.581.3**
Aircraft and other transportation equipment and parts13.012.815.017.121.414.5**
Consumer goods88.691.996.6105.4116.888.9**
Five Major Suppliers based on 2015 Imports (Share of Total Imports)
United States49.6%50.6%52.1%54.4%53.2%52.4%**
China, P. Rep.10.8%11.0%11.1%11.5%12.2%11.7%**
Mexico5.5%5.5%5.6%5.6%5.8%6.2%**
Germany2.9%3.1%3.2%3.1%3.2%3.2%**
Japan2.9%3.3%2.9%2.6%2.8%2.9%**

Notes: ($B) = Billions of Canadian Dollars
Source: Statistics Canada-CANSIM
Revised: December 2016

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