Private Consumption in Canada
In the decade leading up to 2022, Canada's economy recorded an average growth rate for private consumption of 2.1%, above the major economies' average of 1.7%. In 2022, private consumption growth reached 4.8%. For more private consumption information, visit our dedicated page.
Canada Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Canada from 2014 to 2019.
Source: Macrobond.
Canada Private consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 1.5 | -6.4 | 5.2 | 5.1 | 1.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Canadian private consumption projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Canadian private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Canadian private consumption projections.
Want to get access to the full dataset of Canadian private consumption forecasts? Send an email to info@focus-economics.com.