Quarterly Economic Indicators

Pocket Facts: Canada - Economic Indicators at a Glance
 20122013201420152016Q1-2017Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Gross Domestic Product (Current $) ($B)1,822.81,897.51,983.11,986.22,027.52,113.0*
Real GDP Growth1.7%2.5%2.6%0.9%1.5%3.7%*
GDP Per Capita52,45453,97555,97255,40555,87657,885 
Exports of Goods & Services as % of GDP30.2%30.2%31.6%31.6%31.0%31.4% 
Imports of Goods & Services as % of GDP32.2%31.8%32.6%34.0%33.4%32.8% 
Terms of Trade (2007 = 100.0) Index98.398.297.591.789.190.8 
Federal Government Balance (National Accounts) ($B)-19.1-11.80.3-4.7-18.3-17.2 
CPI - Rate of Inflation - year-over-year1.5%0.9%2.0%1.1%1.4%1.9%**
Unemployment Rate7.3%7.1%6.9%6.9%7.0%6.7% 
Employment Growth - year-over-year1.3%1.5%0.6%0.8%0.7%1.6% 
Population (Millions)34.75135.15535.54535.84936.28636.503 
Pocket Facts: Canada - Economic Indicators
 20122013201420152016Q1-2017Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Investment, Net Flows ($B)
Foreign direct investment in Canada, net flows43.171.565.353.146.78.8 
Canadian direct investment abroad, net flows-55.8-59.1-66.9-85.7-93.5-49.5 
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 & Services550.7572.4626.3627.2628.7166.0 
Goods461.5479.2528.4524.9521.3138.5 
Services89.293.197.9102.3107.427.5 
Imports of Goods & Services586.6603.6646.6674.7676.7173.5 
Goods474.8487.4524.6547.9547.3140.3 
Services111.8116.2122.0126.8129.432.2 
Trade Balance on Goods & Services-35.9-31.2-20.3-47.5-48.0-7.5 
Goods-13.3-8.13.9-23.0-26.0-1.8 
Services-22.6-23.1-24.1-24.5-22.1-5.7 
Balance on Current Account-65.7-61.1-48.2-67.6-67.0-14.1 
Travel ($B)
Total Receipts from Travel17.418.219.621.224.16.4 
Total Payments for Travel35.036.238.038.538.510.1 
Selected Components of GDP ($B)
Wages, Salaries & Supplementary Labour Income923.4961.2998.01,025.71,050.51,073.2*
Corporate Profits Before Taxes496.0518.3553.5511.7508.5560.1*
Federal Government Expenditures271.5273.5273.7283.7295.6302.6*
Provincial Government Expenditures405.0415.9426.5440.8453.4452.8*
Business Investment Fixed Capital368.7383.8404.3390.9384.6393.5*
Contribution to Real GDP by Selected Sectors
Agriculture, forestry, fishing and hunting1.5%1.8%1.6%1.7%1.7%1.6% 
Mining and oil and gas extraction8.0%8.2%8.5%8.2%7.9%8.3% 
Construction and utilities10.0%10.1%10.0%9.5%9.2%9.1% 
Manufacturing10.8%10.5%10.5%10.5%10.4%10.4% 
Wholesale & retail trade, transportation and storage15.0%15.3%15.5%15.6%15.8%16.0% 
Finance, insurance and real estate services19.0%19.2%19.2%19.8%20.3%20.3% 
Information, culture, arts, entertainment and recreation4.0%3.8%3.8%3.8%3.8%3.7% 
Professional, administrative and hospitality services10.8%10.8%10.8%10.8%10.8%10.7% 
Education, health, social and government services20.9%20.5%20.2%20.2%20.3%20.0% 
Research and Development
Gross Expenditures on R&D (GERD) ($B)32.732.031.831.6n.an.a. 
(GERD) as % of GDP1.79%1.68%1.60%1.59%n.an.a. 
Annual Average Interest Rates - Banks Prime rates
Canada3.00%3.00%3.00%2.78%2.70%2.70% 
United States3.25%3.25%3.25%3.27%3.83%3.83% 
Annual Average Exchange Rates: 1 Cdn $ in
U.S. Dollar1.0000.9710.9050.7820.7560.756 
Pound Sterling0.6310.6210.5500.5120.6100.604 
Chinese renminbi6.3135.9705.5774.9165.2075.122 
Mexican peso13.15412.38712.04212.40214.06515.330 
Japanese Yen79.74594.60795.60294.69781.90085.837 
Euro0.7780.7310.6820.7050.6820.709 
Pocket Facts: Canadian Foreign Trade (Customs Basis)
 20122013201420152016Jan.-Mar./17Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Total Merchandise Exports ($B)455.2471.9526.8524.0517.0136.2**
Total Merchandise Imports ($B)462.1475.7512.2536.3533.3133.9**
Merchandise Exports ($B)
Farm, fishing and intermediate food products27.528.131.332.532.08.1**
Energy products108.1115.5134.792.676.727.4**
Metal ores and non-metallic minerals19.018.419.219.616.84.0**
Metal and non-metallic mineral products52.852.956.857.056.015.4**
Basic and industrial chemical, plastic and rubber products32.434.234.734.332.98.7**
Forestry products and building and packaging materials30.834.037.240.041.610.5**
Industrial machinery, equipment and parts24.424.326.529.228.87.1**
Electronic and electrical equipment and parts20.319.921.223.823.95.8**
Motor vehicles and parts65.865.571.783.491.222.5**
Aircraft and other transportation equipment and parts15.415.619.321.620.24.7**
Consumer goods46.450.256.867.871.816.4**
Five Major Export Markets based on 2016 Exports (Share of Total Exports)
United States74.5%75.8%76.8%76.7%76.3%76.6%**
China, P. Rep.4.3%4.3%3.7%3.8%4.1%4.5%**
United Kingdom4.1%3.0%2.9%3.0%3.3%3.1%**
Japan2.3%2.3%2.0%1.9%2.1%2.1%**
Mexico1.2%1.2%1.1%1.3%1.5%1.5%**
Merchandise Imports ($B)
Farm, fishing and intermediate food products12.313.215.116.417.14.3**
Energy products44.744.244.131.326.77.3**
Metal ores and non-metallic minerals10.211.611.010.510.92.4**
Metal and non-metallic mineral products41.838.242.843.240.410.6**
Basic and industrial chemical, plastic and rubber products38.141.145.044.944.511.9**
Forestry products and building and packaging materials20.521.122.924.623.95.8**
Industrial machinery, equipment and parts45.345.551.054.253.212.7**
Electronic and electrical equipment and parts55.756.758.963.463.315.6**
Motor vehicles and parts82.985.190.6100.5106.827.1**
Aircraft and other transportation equipment and parts12.815.017.121.518.95.1**
Consumer goods91.996.6105.4116.8118.929.2**
Five Major Suppliers based on 2016 Imports (Share of Total Imports)
United States50.6%52.1%54.4%53.2%52.2%52.2%**
China, P. Rep.11.0%11.1%11.5%12.2%12.1%11.8%**
Mexico5.5%5.6%5.6%5.8%6.2%6.4%**
Germany3.1%3.2%3.1%3.2%3.2%3.2%**
Japan3.3%2.9%2.6%2.8%3.0%3.1%**

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

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