GDP per capita in Canada
Canada - GDP per capita (U.S. Dollars)
Economic activity contracts in November
Matching analysts’ expectations, the economy shrank 0.1% month-on-month in November, following a 0.3% month-on-month expansion in October. According to Statistics Canada, 13 out of the 20 industrial sectors posted gains over the previous month, but this was more than offset by decreases in the wholesale trade, finance and insurance, manufacturing and construction sectors.
On an annual basis, growth ticked down to 1.7% from 2.2% in October, while annual average growth inched down to 2.4% from 2.5% a month earlier.
Dissecting November’s print, Benoit P. Durocher, senior economist at Desjardins, noted that:
“Some one-time factors contributed to a decline in output for November. Production in oil refineries was down
due to maintenance work. An unusual retooling and production schedule hampered the automobile industry. The rotating strike
at Canada Post disrupted the transportation sector. A violent storm on the east coast impacted oil and gas extraction activities.
That said, all of these sectors could bounce back in December.”
The Bank of Canada expects economic momentum to ease slightly this year, forecasting growth of 1.7% in 2019 and 2.1% in 2020. Met the why particular Consensus Forecast panelists see growth of 1.9% in 2019, which is down 0.1 percentage points from the previous forecast, and 1.8% in 2020.
Canada - GDP per capita (USD) Data
|GDP per capita (USD)||52,486||50,772||43,565||42,438||45,081|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||1.93||1.00 %||Feb 13|
|Exchange Rate||1.33||0.15 %||Feb 14|
|Stock Market||15,696||0.23 %||Feb 14|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
February 13, 2019
House prices edged down 0.05% on a seasonally-adjusted monthly basis in January, according to the Teranet-National Bank National Composite House Price Index (December: -0.30% month-on-month).
February 8, 2019
Housing starts on a seasonally-adjusted annualized (SAAR) basis fell to 207,968 units in January, according to the Canada Mortgage and Housing Corporation (CMHC).
February 6, 2019
The Ivey Purchasing Managers’ Index (PMI), prepared by the Richard Ivey School of Business, dipped to 54.7 in January from 59.7 in December.
January 31, 2019
Matching analysts’ expectations, the economy shrank 0.1% month-on-month in November, following a 0.3% month-on-month expansion in October.
January 18, 2019
Seasonally-adjusted consumer prices increased 0.2% from a month earlier in December, contrasting November’s 0.1% fall (previously reported: -0.2% month-on-month).