Quarterly Economic Indicators

Pocket Facts: Canada - Economic Indicators at a Glance
 20122013201420152016Q2-2017Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Gross Domestic Product (Current $) ($B)1,822.81,897.51,983.11,986.22,027.52,126.4*
Real GDP Growth1.7%2.5%2.6%0.9%1.5%4.5%*
GDP Per Capita52,45453,97555,97255,40555,87658,112 
Exports of Goods & Services as % of GDP30.2%30.2%31.6%31.6%31.0%32.2% 
Imports of Goods & Services as % of GDP32.2%31.8%32.6%34.0%33.4%34.3% 
Terms of Trade (2007 = 100.0) Index98.398.297.591.789.189.9 
Federal Government Balance (National Accounts) ($B)-19.1-11.80.3-4.7-18.3-25.4 
CPI - Rate of Inflation - year-over-year1.5%0.9%2.0%1.1%1.4%1.3%**
Unemployment Rate7.3%7.1%6.9%6.9%7.0%6.5% 
Employment Growth - year-over-year1.3%1.5%0.6%0.8%0.7%1.7% 
Population (Millions)34.75135.15535.54535.84936.28636.591 
Pocket Facts: Canada - Economic Indicators
 20122013201420152016Q2-2017Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Investment, Net Flows ($B)
Foreign direct investment in Canada, net flows43.171.565.353.146.72.0 
Canadian direct investment abroad, net flows-55.8-59.1-66.9-85.7-93.5-24.1 
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 & Services550.7572.4626.3627.2628.7171.4 
Goods461.5479.2528.4524.9521.3143.3 
Services89.293.197.9102.3107.428.1 
Imports of Goods & Services586.6603.6646.6674.7676.7182.1 
Goods474.8487.4524.6547.9547.3148.5 
Services111.8116.2122.0126.8129.433.6 
Trade Balance on Goods & Services-35.9-31.2-20.3-47.5-48.0-10.7 
Goods-13.3-8.13.9-23.0-26.0-5.2 
Services-22.6-23.1-24.1-24.5-22.1-5.5 
Balance on Current Account-65.7-61.1-48.2-67.6-67.0-16.3 
Travel ($B)
Total Receipts from Travel17.418.219.621.224.16.4 
Total Payments for Travel35.036.238.038.538.510.2 
Selected Components of GDP ($B)
Wages, Salaries & Supplementary Labour Income923.4961.2998.01,025.71,050.51,082.5*
Corporate Profits Before Taxes496.0518.3553.5511.7508.5557.6*
Federal Government Expenditures271.5273.5273.7283.7295.6309.9*
Provincial Government Expenditures405.0415.9426.5440.8453.4464.1*
Business Investment Fixed Capital368.7383.8404.3390.9384.6397.2*
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%8.6% 
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%16.1% 
Finance, insurance and real estate services19.0%19.2%19.2%19.8%20.3%20.2% 
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%10.6% 
Education, health, social and government services20.9%20.5%20.2%20.2%20.3%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%1.74%1.71%1.67%n.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%3.52%4.08% 
Annual Average Exchange Rates: 1 Cdn $ in
U.S. Dollar1.0010.9710.9050.7820.7550.744 
Pound Sterling0.6310.6210.5500.5120.5570.581 
Chinese renminbi6.3135.9705.5774.9165.0135.102 
Mexican peso13.15412.38712.04212.40214.06513.796 
Japanese Yen79.74594.60795.60294.69781.90082.622 
Euro0.7780.7310.6820.7050.6820.676 
Pocket Facts: Canadian Foreign Trade (Customs Basis)
 20122013201420152016Jan.-Jun./17Comment
* Seasonally adjusted at annual rate
** Not seasonally adjusted
Total Merchandise Exports ($B)455.2471.9526.8524.0517.0280.0**
Total Merchandise Imports ($B)462.1475.7512.2536.3533.3282.7**
Merchandise Exports ($B)
Farm, fishing and intermediate food products27.528.131.332.532.016.5**
Energy products108.1115.5134.792.676.753.1**
Metal ores and non-metallic minerals19.018.419.219.616.89.1**
Metal and non-metallic mineral products52.852.956.857.056.031.3**
Basic and industrial chemical, plastic and rubber products32.434.234.734.332.917.8**
Forestry products and building and packaging materials30.834.037.240.041.621.9**
Industrial machinery, equipment and parts24.424.326.529.228.815.2**
Electronic and electrical equipment and parts20.319.921.223.823.912.0**
Motor vehicles and parts65.865.571.783.491.246.6**
Aircraft and other transportation equipment and parts15.415.619.321.620.210.1**
Consumer goods46.450.256.867.871.834.2**
Five Major Export Markets based on 2016 Exports (Share of Total Exports)
United States74.5%75.8%76.8%76.7%76.3%76.3%**
China, P. Rep.4.3%4.3%3.7%3.8%4.1%4.2%**
United Kingdom4.1%3.0%2.9%3.0%3.3%3.2%**
Japan2.3%2.3%2.0%1.9%2.1%2.2%**
Mexico1.2%1.2%1.1%1.3%1.5%1.4%**
Merchandise Imports ($B)
Farm, fishing and intermediate food products12.313.215.116.417.19.0**
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 parts12.815.017.121.518.911.2**
Consumer goods91.996.6105.4116.8118.959.8**
Five Major Suppliers based on 2016 Imports (Share of Total Imports)
United States50.6%52.1%54.4%53.2%52.2%52.3%**
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%6.3%**
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: September 2017

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