GDP per capita in Canada

Canada GDP per capita (USD) | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
GDP per capita (USD)52,486  50,772  43,565  42,438  45,081  

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Canada Facts

Bond Yield1.931.00 %Feb 13
Exchange Rate1.330.15 %Feb 14
Stock Market15,6960.23 %Feb 14

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