Domestic Demand in Canada
The economy of Canada recorded an average growth rate of 1.6% in the decade leading up to 2022. In 2022, the domestic demand growth was 2.7%.
Canada Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Canada from 2020 to 2019.
Source: Macrobond.
Canada Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 1.3 | -4.1 | 6.4 | 3.3 | 1.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Canadian demand projections for the next ten years from a panel of 9 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 demand forecast available for Canadian demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Canadian demand projections.
Want to get access to the full dataset of Canadian demand forecasts? Send an email to info@focus-economics.com.