Quarterly Economic Indicators

Pocket Facts: Canada - Economic Indicators at a Glance
 20112012201320142015Q4-2016Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Gross Domestic Product (Current $) ($B)1,769.91,822.81,897.51,983.11,986.22,067.7*
Real GDP Growth3.1%1.7%2.5%2.6%0.9%2.6%*
GDP Per Capita51,53752,45453,97555,97255,40556,737 
Exports of Goods & Services as % of GDP30.6%30.2%30.2%31.6%31.6%31.6% 
Imports of Goods & Services as % of GDP31.8%32.2%31.8%32.6%34.0%32.5% 
Terms of Trade (2007 = 100.0) Index99.698.398.297.591.790.4 
Federal Government Balance (National Accounts) ($B)-25.9-19.1-11.80.3-4.7-23.1 
CPI - Rate of Inflation - year-over-year2.9%1.5%0.9%2.0%1.1%1.4%**
Unemployment Rate7.5%7.3%7.1%6.9%6.9%6.9% 
Employment Growth - year-over-year1.5%1.3%1.5%0.6%0.8%1.1% 
Population (Millions)34.34334.75135.15535.54535.84936.444 
Pocket Facts: Canada - Economic Indicators
 20112012201320142015Q4-2016Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Investment, Net Flows ($B)
Foreign direct investment in Canada, net flows39.343.171.565.353.112.5 
Canadian direct investment abroad, net flows-51.6-55.8-59.1-66.9-85.7-32.5 
Investment (Stocks) Position at the End of Period ($B)
Cumulative Foreign Direct Investment in Canada603.5633.8688.9744.7789.0n.a.**
Cumulative Canadian Direct Investment Abroad675.0704.3778.4845.21,035.2n.a.**
Balance of Payments, Current Account ($B)
Exports of Goods & Services541.0550.7572.4626.3627.2163.5 
Goods456.6461.5479.2528.4524.9136.5 
Services84.489.293.197.9102.327.0 
Imports of Goods & Services562.2586.6603.6646.6674.7168.2 
Goods456.0474.8487.4524.6547.9135.8 
Services106.2111.8116.2122.0126.832.4 
Trade Balance on Goods & Services-21.2-35.9-31.2-20.3-47.5-4.7 
Goods0.6-13.3-8.13.9-23.00.8 
Services-21.8-22.6-23.1-24.1-24.5-5.5 
Balance on Current Account-49.1-65.7-61.1-48.2-67.6-10.7 
Travel ($B)
Total Receipts from Travel16.617.418.219.621.26.2 
Total Payments for Travel33.035.036.238.038.59.8 
Selected Components of GDP ($B)
Wages, Salaries & Supplementary Labour Income883.0923.4961.2998.01,025.71,066.0*
Corporate Profits Before Taxes497.6496.0518.3553.5511.7530.7*
Federal Government Expenditures271.6271.5273.5273.7283.7303.7*
Provincial Government Expenditures394.9405.0415.9426.5440.8455.4*
Business Investment Fixed Capital338.2368.7383.8404.3390.9379.9*
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%8.2% 
Construction and utilities9.7%10.0%10.1%10.0%9.5%9.1% 
Manufacturing10.9%10.8%10.5%10.5%10.5%10.3% 
Wholesale & retail trade, transportation and storage15.1%15.0%15.3%15.5%15.6%15.8% 
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%10.7% 
Education, health, social and government services21.1%20.9%20.5%20.2%20.2%20.2% 
Research and Development
Gross Expenditures on R&D (GERD) ($B)31.832.732.031.831.6n.a. 
(GERD) as % of GDP1.80%1.79%1.68%1.60%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%3.58% 
Annual Average Exchange Rates: 1 Cdn $ in
U.S. Dollar1.0111.0000.9710.9050.7820.750 
Pound Sterling0.6300.6310.6210.5500.5120.604 
Chinese renminbi6.5326.3135.9705.5774.9165.122 
Mexican peso12.53813.15412.38712.04212.40214.828 
Japanese Yen80.51579.74594.60795.60294.69781.899 
Euro0.7260.7780.7310.6820.7050.695
Pocket Facts: Canadian Foreign Trade (Customs Basis)
 20112012201320142015Jan.-Dec./16Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Total Merchandise Exports ($B)446.7455.2471.9526.8524.0516.6**
Total Merchandise Imports ($B)446.7462.1475.7512.2536.3533.3**
Merchandise Exports ($B)
Farm, fishing and intermediate food products24.327.528.131.332.532.0**
Energy products105.1108.1115.5134.792.676.7**
Metal ores and non-metallic minerals20.419.018.419.219.616.5**
Metal and non-metallic mineral products58.652.852.956.857.056.0**
Basic and industrial chemical, plastic and rubber products34.932.434.234.734.332.9**
Forestry products and building and packaging materials30.730.834.037.240.041.6**
Industrial machinery, equipment and parts23.124.424.326.529.228.8**
Electronic and electrical equipment and parts20.620.319.921.223.823.9**
Motor vehicles and parts57.065.865.571.783.491.2**
Aircraft and other transportation equipment and parts14.115.415.619.321.620.2**
Consumer goods46.546.450.256.867.871.8**
Five Major Export Markets based on 2015 Exports (Share of Total Exports)
United States73.6%74.5%75.8%76.8%76.7%76.4%**
China, P. Rep.3.8%4.3%4.3%3.7%3.8%4.1%**
United Kingdom4.2%4.1%3.0%2.9%3.0%3.3%**
Japan2.4%2.3%2.3%2.0%1.9%2.1%**
Mexico1.2%1.2%1.2%1.1%1.3%1.5%**
Merchandise Imports ($B)
Farm, fishing and intermediate food products12.112.313.215.116.417.1**
Energy products47.544.744.244.131.326.7**
Metal ores and non-metallic minerals10.710.211.611.010.510.9**
Metal and non-metallic mineral products42.841.838.242.843.240.4**
Basic and industrial chemical, plastic and rubber products36.038.141.145.044.944.5**
Forestry products and building and packaging materials18.620.521.122.924.623.9**
Industrial machinery, equipment and parts42.545.345.551.054.253.2**
Electronic and electrical equipment and parts55.355.756.758.963.463.3**
Motor vehicles and parts74.282.985.190.6100.5106.8**
Aircraft and other transportation equipment and parts13.012.815.017.121.518.8**
Consumer goods88.691.996.6105.4116.8118.8**
Five Major Suppliers based on 2015 Imports (Share of Total Imports)
United States49.6%50.6%52.1%54.4%53.2%52.2%**
China, P. Rep.10.8%11.0%11.1%11.5%12.2%12.1%**
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%3.0%**

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