Canada GDP 1Q2014

by Eduardo Petazze
In 1Q2014 Canadian GDP grew at an annualized rate of 1.20% Q/Q, from +2.75% in 4Q2013
By 2014 it is estimated that Canada will grow by 2.06%, a similar figure to +2.02% in 2013
StatCan release the GDP data for the 1Q2014 (pdf, 17 pages)
The following summary includes our projection for the rest of the year

Seasonally adjusted data (chained prices, reference year 2007)

Chained (2007) million CAD SAAR
Final consumption expenditure
Household
NPISHs'
General governments
Residual
Gross fixed capital formation
Business
NPISHs'
General governments
Residual
Exports of goods and services
Imports of goods and services
Inventories change and Residual
GDP
Q/Q SAAR
Final consumption expenditure
Household
NPISHs'
General governments
Gross fixed capital formation
Business
NPISHs'
General governments
Exports of goods and services
Imports of goods and services
GDP
Last data
Own estimate

Q1 2013
1,306,314
934,757
24,076
347,748
-267
399,932
328,293
2,136
69,458
45
511,217
555,167
17,679
1,679,975
Q1 2013
1.05%
1.36%
3.67%
0.14%
-1.70%
-1.62%
12.50%
-2.42%
5.40%
2.73%
2.99%

Q2 2013
1,315,706
943,511
23,964
348,632
-401
398,826
328,268
2,162
68,375
21
517,361
558,496
14,540
1,687,937
Q2 2013
2.91%
3.80%
-1.85%
1.02%
-1.10%
-0.03%
4.96%
-6.09%
4.89%
2.42%
1.91%

Q3 2013
1,322,321
950,606
23,972
348,310
-567
399,802
329,431
2,086
68,271
14
518,226
557,454
17,675
1,700,570
Q3 2013
2.03%
3.04%
0.13%
-0.37%
0.98%
1.42%
-13.34%
-0.61%
0.67%
-0.74%
3.03%

Q4 2013
1,328,199
956,297
23,996
348,578
-672
397,372
328,599
2,083
66,711
-21
523,163
559,526
22,933
1,712,141
Q4 2013
1.79%
2.42%
0.40%
0.31%
-2.41%
-1.01%
-0.57%
-8.83%
3.87%
1.50%
2.75%

Q1 2014
1,330,707
959,211
24,080
348,180
-764
393,553
325,482
2,100
65,995
-24
519,989
549,162
22,152
1,717,239
Q1 2014
0.76%
1.22%
1.41%
-0.46%
-3.79%
-3.74%
3.30%
-4.22%
-2.40%
-7.21%
1.20%

Q2 2014
1,336,310
964,358
24,484
348,281
-814
396,641
327,978
2,080
66,606
-23
525,164
557,242
21,156
1,722,029
Q2 2014
1.69%
2.16%
6.88%
0.12%
3.18%
3.10%
-3.72%
3.76%
4.04%
6.02%
1.12%

Q3 2014
1,342,036
970,580
24,072
348,315
-931
398,263
329,626
2,015
66,650
-27
526,879
559,423
25,419
1,733,174
Q3 2014
1.73%
2.61%
-6.56%
0.04%
1.65%
2.03%
-11.97%
0.26%
1.31%
1.57%
2.61%

Q4 2014
1,348,090
976,128
24,222
348,789
-1,049
396,873
329,252
2,024
65,647
-49
532,212
560,810
31,269
1,747,634
Q4 2014
1.82%
2.31%
2.52%
0.55%
-1.39%
-0.45%
1.77%
-5.89%
4.11%
1.00%
3.38%

Not seasonally adjusted data (at 2007 prices)

Million (2007) CAD, NSA
Final consumption expenditure
Household
NPISHs'
General governments
Gross fixed capital formation
Business
NPISHs'
General governments
Exports of goods and services
Imports of goods and services
Inventories change and Residual
GDP
Y/Y
Final consumption expenditure
Household
NPISHs'
General governments
Gross fixed capital formation
Business
NPISHs'
General governments
Exports of goods and services
Imports of goods and services
GDP
Last data
Own estimate

Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014

322,177
332,710
324,073
343,603
326,795
338,434
329,866
349,401
223,689
239,855
239,264
247,142
228,958
245,258
244,560
252,731
6,031
6,178
5,771
6,022
6,014
6,172
5,962
6,066
92,457
86,677
79,038
90,439
91,823
87,004
79,344
90,604
91,604
101,300
105,416
101,717
90,409
100,583
104,790
101,541
75,295
84,193
86,204
83,421
74,870
83,969
86,007
83,504
556
555
547
567
549
528
537
543
15,753
16,552
18,665
17,729
14,990
16,086
18,245
17,495
123,536
130,697
128,097
130,776
126,036
131,548
130,014
132,021
137,098
145,485
141,456
140,873
136,063
144,285
141,761
141,359
-1,485
-5,026
11,743
5,306
1,026
-2,508
12,843
5,737
398,734
414,196
427,873
440,529
408,203
423,772
435,753
447,342
Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014
1.29%
2.25%
2.25%
2.02%
1.43%
1.72%
1.79%
1.69%
1.52%
2.62%
2.76%
2.83%
2.36%
2.25%
2.21%
2.26%
4.74%
5.14%
-1.70%
0.75%
-0.28%
-0.10%
3.31%
0.74%
0.52%
1.05%
1.05%
-0.07%
-0.69%
0.38%
0.39%
0.18%
0.69%
0.32%
0.49%
-1.48%
-1.30%
-0.71%
-0.59%
-0.17%
0.46%
0.42%
0.74%
-0.82%
-0.56%
-0.27%
-0.23%
0.10%
-5.92%
-2.80%
-2.32%
0.71%
-1.26%
-4.83%
-1.77%
-4.31%
2.09%
-0.13%
-0.57%
-4.55%
-4.84%
-2.82%
-2.25%
-1.32%
-0.77%
1.73%
2.01%
3.31%
2.02%
0.65%
1.50%
0.95%
-0.11%
2.64%
0.96%
1.79%
-0.75%
-0.83%
0.22%
0.35%
0.08%
1.22%
2.66%
2.50%
2.37%
2.31%
1.84%
1.55%

PS:
Chained VS. 2007 prices million CAD
2007
Final consumption expenditure
0
Household
0
NPISHs'
0
General governments
0
Residual
0
Gross fixed capital formation
0
Business
0
NPISHs'
0
General governments
0
Residual
-0
Exports of goods and services
0
Imports of goods and services
0
Inventories change and Residual
0
GDP
0
Also see: Canada - Gross domestic product by industry

2008
-176
-268
0
21
72
-39
16
-20
-60
25
-771
-131
2,012
1,158

2009
-199
-475
0
34
242
-560
-620
-69
-61
190
-275
-499
5,114
4,579

2010
-1,467
-1,576
0
-67
177
-720
-765
-74
-93
212
2,616
-164
5,724
6,318

2011
-2,407
-2,296
0
-106
-5
-1,250
-818
-112
-399
79
1,969
-2,903
6,649
7,864

2012
-3,343
-3,059
0
-159
-125
-1,159
-655
-114
-427
37
1,383
-5,921
4,550
7,352

2013
-4,428
-3,657
0
-294
-477
-1,054
-465
-108
-495
15
4,386
-7,251
7,669
13,824

2014
-5,211
-3,937
-0
-384
-889
-991
-266
-102
-591
-31
6,442
-6,808
7,900
14,950