Quarterly Economic Indicators

Pocket Facts: Canada - Economic Indicators at a Glance

	2015	2016	2017	2018	2019	Q3-2020	Comment
1. Annual estimates derived from Statistics Canada's PID 36-10-0104-01 * Seasonally adjusted at annual rate ** Not seasonally adjusted
Gross Domestic Product (Current $) ($B)	1,990.4	2,025.5	2,140.6	2,231.2	2,310.7	2,235.0	1.
Real GDP Growth	0.7%	1.0%	3.0%	2.4%	1.9%	40.5%	*
GDP Per Capita ($)	55,750	56,094	58,575	60,196	61,466	58,808	1.
Exports of Goods & Services as % of GDP	31.8%	31.5%	31.5%	32.3%	31.9%	29.3%
Imports of Goods & Services as % of GDP	34.3%	33.9%	33.6%	34.2%	33.5%	30.7%
Terms of Trade (2012 = 100.0) Index	91.1	89.8	92.9	93.8	93.8	90.0
Federal Government Balance (National Accounts) ($B)	4.7	-2.5	-2.6	10.3	1.4	-260.0
CPI - Rate of Inflation - year-over-year	1.1%	1.4%	1.6%	2.3%	1.9%	0.3%	**
Unemployment Rate	6.9%	7.0%	6.3%	5.8%	5.7%	10.0%
Employment Growth - year-over-year	0.8%	0.7%	1.9%	1.3%	2.1%	-5.1%
Population (Millions)	35.703	36.109	36.543	37.058	37.589	38.005

Pocket Facts: Canada - Economic Indicators

	2015	2016	2017	2018	2019	Q3-2020	Comment
* Seasonally adjusted at annual rate ** Not seasonally adjusted
Investment, Net Flows ($B)
Foreign direct investment in Canada, net flows	56.1	47.8	29.6	49.6	63.5	8.5
Canadian direct investment abroad, net flows	-86.2	-92.1	-98.9	-74.4	-104.7	-15.5
Investment (Stocks) Position at the End of Period ($B)
Cumulative Foreign Direct Investment in Canada	782.9	810.7	829.0	904.6	973.9	n.a.	**
Cumulative Canadian Direct Investment Abroad	1,043.8	1,105.2	1,181.9	1,356.8	1,391.3	n.a.	**
Balance of Payments, Current Account ($B)
Exports of Goods & Services	634.0	638.1	673.3	721.7	737.5	163.5
Goods	525.3	522.3	550.5	587.5	598.2	136.1
Services	108.6	115.8	122.8	134.2	139.3	27.5
Imports of Goods & Services	683.0	685.9	720.3	763.9	774.4	171.7
Goods	549.1	547.3	575.0	607.3	613.5	144.9
Services	134.0	138.5	145.2	156.5	160.8	26.9
Trade Balance on Goods & Services	-49.1	-47.8	-46.9	-42.2	-36.9	-8.2
Goods	-23.8	-25.0	-24.5	-19.8	-15.4	-8.8
Services	-25.3	-22.7	-22.4	-22.4	-21.5	0.6
Balance on Current Account	-69.6	-62.6	-60.0	-52.2	-47.4	-7.5
Travel ($B)
Total Receipts from Travel	26.0	30.0	32.4	34.9	37.2	2.9
Total Payments for Travel	43.2	43.4	45.0	44.7	47.5	1.2
Selected Components of GDP ($B)
Wages, Salaries & Supplementary Labour Income	1,026.8	1,026.5	1,070.0	1,126.9	1,176.7	1,168.7	*
Corporate Profits Before Taxes	505.2	526.0	571.8	593.4	606.1	604.9	*
Federal Government Expenditures	282.8	295.7	314.9	326.9	350.4	599.9	*
Provincial Government Expenditures	437.9	450.7	466.1	497.0	514.5	542.9	*
Business Investment Fixed Capital	395.4	382.2	400.5	412.3	421.7	426.4	*
Contribution to Real GDP by Selected Sectors
Agriculture, forestry, fishing and hunting	2.1%	2.1%	2.1%	2.1%	2.2%	2.4%
Mining and oil and gas extraction	7.6%	7.4%	7.9%	8.1%	7.9%	6.8%
Construction and utilities	10.0%	9.6%	9.6%	9.5%	9.3%	9.5%
Manufacturing	10.4%	10.3%	10.2%	10.2%	10.0%	9.8%
Wholesale & retail trade, transportation and storage	14.5%	14.7%	14.8%	14.8%	14.7%	14.5%
Finance, insurance and real estate services	19.0%	19.3%	19.6%	19.4%	19.6%	21.3%
Information, culture, arts, entertainment and recreation	3.9%	4.0%	4.0%	4.0%	4.1%	3.8%
Professional, administrative and hospitality services	11.4%	11.4%	11.1%	11.1%	11.2%	10.5%
Education, health, social and government services	21.0%	21.1%	20.8%	20.9%	21.0%	21.1%
Research and Development
Gross Expenditures on R&D (GERD) ($B)	33.7	35.0	35.7	34.8	35.5	n.a.
(GERD) as % of GDP	1.69%	1.73%	1.67%	1.56%	1.54%	n.a.
Annual Average Interest Rates - Banks Prime rates
Canada	2.78%	2.70%	2.91%	3.64%	2.96%	#N/A
United States	3.27%	3.52%	4.13%	4.94%	5.27%	3.25%
Annual Average Exchange Rates: 1 Cdn $ in
U.S. Dollar	0.782	0.755	0.770	0.772	0.754	0.751
Pound Sterling	0.512	0.557	0.598	0.578	0.590	0.581
Chinese renminbi	4.916	5.013	5.208	5.099	5.204	5.192
Mexican peso	12.402	14.065	14.540	14.826	14.509	16.572
Japanese Yen	94.697	81.900	86.387	85.179	82.158	79.681
Euro	0.705	0.682	0.683	0.653	0.673	0.642

Pocket Facts: Canadian Foreign Trade (Customs Basis)

	2015	2016	2017	2018	2019	Jan.-Sep./20	Comment
** Not seasonally adjusted
Total Merchandise Exports ($B)	524.1	516.8	546.1	584.4	592.9	380.8	**
Total Merchandise Imports ($B)	536.2	533.3	562.0	596.0	601.6	396.1	**
Merchandise Exports ($B)
Farm, fishing and intermediate food products	38.9	38.3	39.1	40.0	38.2	31.7	**
Energy products	94.7	79.3	104.6	123.5	124.5	65.3	**
Metal ores and non-metallic minerals	17.8	14.7	16.6	19.9	21.5	16.0	**
Metal and non-metallic mineral products	55.2	54.1	59.5	61.4	61.8	43.0	**
Basic and industrial chemical, plastic and rubber products	31.8	30.2	31.9	34.1	33.3	22.0	**
Forestry products and building and packaging materials	40.4	42.4	44.3	47.9	42.9	30.9	**
Industrial machinery, equipment and parts	32.6	31.6	33.8	35.9	37.5	23.7	**
Electronic and electrical equipment and parts	23.9	24.4	24.8	25.7	26.6	16.9	**
Motor vehicles and parts	83.8	91.6	86.8	83.5	85.5	46.2	**
Aircraft and other transportation equipment and parts	22.3	20.8	20.5	23.1	25.1	14.7	**
Consumer goods	60.6	64.2	60.9	64.5	68.6	51.5	**
Five Major Export Markets based on 2019 Exports (Share of Total Exports)
United States	76.7%	76.3%	75.8%	74.9%	75.4%	27.8%	**
China, P. Rep.	3.9%	4.1%	4.3%	4.7%	3.9%	1.3%	**
United Kingdom	3.0%	3.3%	3.2%	2.8%	3.3%	1.2%	**
Japan	1.9%	2.1%	2.2%	2.2%	2.1%	0.8%	**
Mexico	1.3%	1.5%	1.4%	1.4%	1.2%	0.5%	**
Merchandise Imports ($B)
Farm, fishing and intermediate food products	18.5	19.3	19.5	20.3	21.3	5.5	**
Energy products	32.7	28.1	32.7	38.9	37.4	8.2	**
Metal ores and non-metallic minerals	9.4	10.2	12.5	14.5	14.3	3.2	**
Metal and non-metallic mineral products	40.3	37.4	39.4	40.2	38.3	9.2	**
Basic and industrial chemical, plastic and rubber products	40.4	39.8	43.2	47.4	45.1	11.9	**
Forestry products and building and packaging materials	24.8	24.6	25.5	26.9	26.9	6.3	**
Industrial machinery, equipment and parts	62.8	61.2	62.9	68.4	69.5	15.9	**
Electronic and electrical equipment and parts	65.0	64.7	67.8	71.5	72.3	15.8	**
Motor vehicles and parts	101.4	108.1	113.6	113.9	115.4	26.1	**
Aircraft and other transportation equipment and parts	21.9	19.3	21.0	23.9	26.6	6.7	**
Consumer goods	110.2	111.9	114.8	120.2	124.3	28.9	**
Five Major Suppliers based on 2019 Imports (Share of Total Imports)
United States	53.2%	52.2%	51.4%	51.1%	50.7%	18.7%	**
China, P. Rep.	12.2%	12.1%	12.6%	12.7%	12.5%	3.7%	**
Mexico	5.8%	6.2%	6.3%	6.2%	6.1%	2.1%	**
Germany	3.2%	3.2%	3.2%	3.2%	3.2%	1.1%	**
Japan	2.8%	3.0%	3.1%	2.8%	2.7%	1.0%	**

Notes: ($B) = Billions of Canadian Dollars
Source: Statistics Canada
YTD = Year-to-Date
Revised: December 2020

Global Affairs Canada
Office of the Chief Economist (BEA)
Information: tradestats.bea@international.gc.ca
http://www.international.gc.ca/economist-economiste/index.aspx