Nominal GDP for Canada was C$2,493bn in 2021, down from C$2,205bn in 2020. The Canadian population was estimated at 38.2m in 2021 according to the IMF, while the United States is Canada’s biggest trading partner.

Variables Surveyed for Canada

Variables covered in our monthly analysis of Canada include:

  • Gross Domestic Product
  • Household Final Consumption Expenditure
  • Net Operating Surplus Corporations
  • Industrial Production
  • Consumer Prices (CPI)
  • Industrial Product Prices
  • Average Hourly Earnings
  • Housing Starts
  • Unemployment Rate
  • Current Account
  • Federal Government Budget Balance
  • Interest rates
  • Monetary Policy Evaluation
  • Canadian Dollar Currency Forecasts

Consensus Forecasts for Canada

Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the IMF and OECD. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Conensus Forecasts – G-7 and Western Europe, September 2022

Special Surveys

In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Canada on topics such as:

Main Data Sources for Canada

  • Statistics Canada: Statistics Canada produces statistical data and insights to help Canadians better understand their country's population, resources, economy, society and culture.
  • Bank of Canada: The Bank of Canada is the nation's central bank. Their main role is “to promote the economic and financial welfare of Canada,” as defined in the Bank of Canada Act.

Comprehensive Forecasts Coverage

Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.