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Gross Domestic Product (GDP) Forecast

Definitions

Gross Domestic Product (GDP): GDP is the total of all goods and services produced within the boundaries of a country. For example, Canada’s GDP includes goods and services produced by Canadian and foreign-owned corporations inside Canada, but it does not include goods and services produced by Canadian corporations outside Canada.

  • GDP at basic prices: Equals GDP at market prices, minus taxes and subsidies on products.
  • GDP at market prices: The gross value at market prices of all goods and services produced by the economy, plus taxes but minus subsidies on imports.
  • GDP (expenditure-based): Equals the total expenditures of the four sectors of the economy (individual residents, individual non-residents, businesses, and governments).
  • GDP (income-based): Equals the total earnings from the two factors of production (labour and capital), plus taxes but minus subsidies.

Gross National Product (GNP): GNP is the total of all goods and service produced within the boundaries of a country, minus goods and services produced by foreign-owned businesses inside the country, plus goods and services produced by domestic-owned businesses outside the country. This was once the most common measure of national wealth production but has, in most cases, been replaced by GDP.

What Data Do We Forecast

Available data:

  • GDP at Market Prices
  • GDP at Basic Prices by Industry - Canada
  • GDP at Basic Prices by Industry -  Provinces
  • GDP at Basic Prices by Industry - CMAs

This GDP data is available for:

  • U.S. (view directory)
  • Canada (view directory)
  • Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Quebec, Ontario, Manitoba, Saskatchewan, Alberta, British Columbia and Whitehorse, Yukon, Yellowknife, Northwest Territories, Iqaluit, Nunavut (view directory)
  • Abbotsford, Victoria, Vancouver, Calgary, Edmonton, Saskatoon, Regina, Winnipeg, Thunder Bay, Windsor, London, Kitchener, St. Catharines–Niagara, Hamilton, Oshawa, Toronto, Sudbury, Kingston, Ottawa–Gatineau, Montreal, Sherbrooke, Saguenay, Trois-Rivières, Quebec, Halifax, Saint John and St. John’s. (view directory)
  • Accommodations, Aerospace Product Manufacturing, Air Transportation, Computer System Design, Computer and Electronic Product Manufacturing, Telecommunications, Food Manufacturing, Food Services, Motor Vehicle Manufacturing, Motor Vehicle Parts Manufacturing, Crude Oil Extraction, Natural Gas Extraction, Residential Construction, Non-Residential Construction, Paper Products, Wood Products (view directory)

Forecasts and research often involve numerous assumptions and data sources, and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.

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Forecast Models

Learn how the forecast is produced:

Economics Team

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