Canada Output Gap, Percent of Potential GDP Statistics

16, Nov 2019, EST.

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Country or Region: Canada › Change country
Economic Indicator: Output Gap, Percent of Potential GDP › See all Canada indicators, › See Output Gap, Percent of Potential GDP data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Canadian Dollar
Currency Symbol: CAD

Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty. See notes for: Gross domestic product, constant prices (National currency).

Output Gap, Percent of Potential GDP Statistics for Canada , Year 2015 - In Detail

Output Gap, Percent of Potential GDP for Canada in year 2015 is -0.741 %. Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty.

This makes Canada No. 10 in world rankings according to Output Gap, Percent of Potential GDP in year 2015. The world's average Output Gap, Percent of Potential GDP value is -0.23 %; Canada is 0.51 less than the average.

In the previous year, 2014, Output Gap, Percent of Potential GDP for Canada was -0.39 % Output Gap, Percent of Potential GDP for Canada in 2015 was or will be 90.00% more than it was or will be in 2014.

In the following or forecasted year, 2016, Output Gap, Percent of Potential GDP for Canada was or will be -0.79 %, which is 6.75% more than the 2015 figure.

* Source: IMF
Output Gap, Percent of Potential GDP for Canada, in other Years
Year %
  2021 0.015
  2020 0.042
  2019 -0.007
  2018 -0.171
  2017 -0.493
  2016 -0.791
2015 -0.741
  2014 -0.39
  2013 -0.856
  2012 -1.236
  2011 -1.096
  2010 -2.376
  2009 -3.623
  2008 0.894
  2007 1.997
  2006 2.147
  2005 1.903
  2004 1.215
  2003 0.717
  2002 1.545
  2001 1.293
  2000 2.636
  1999 0.761
  1998 -1.028
  1997 -1.64
  1996 -2.803
  1995 -1.802
  1994 -1.919
  1993 -3.932
  1992 -4.419
  1991 -3.284
  1990 1.023
  1989 3.34
  1988 3.725
  1987 2.051
  1986 0.581
  1985 0.972
  1984 -1.232
  1983 -4.598
  1982 -4.834
  1981 0.781
  1980 -0.248