economyQuarterly
How fast is Canada's economy growing?
The economy contracted 0.6% in Q3 2025.
-0.6%
GDP growth (annualized)
Q3 2025
Gross Domestic Product (GDP) measures the total value of goods and services produced in Canada. Quarterly GDP growth shows whether the economy is expanding or contracting.
GDP growth over time
Canada's economy contracted sharply in 2020 but rebounded strongly in 2021. Growth has since moderated as the Bank of Canada raised interest rates to fight inflation.
Annual real GDP growth (%)
Source: Statistics Canada, Table 36-10-0104-01