Industrial Production in Canada
The economy of Canada recorded an average growth rate of 1.4% in industrial production in the decade to 2022, which is above the 0.7% average for major economies. In 2022, Canada's industrial production growth was 3.8%. For more industry information, visit our dedicated page.
Canada Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Canada from 2014 to 2023.
Source: Macrobond.
Canada Industry Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.1 | -7.5 | 5.0 | 3.9 | -0.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Canadian industry projections for the next ten years from a panel of 10 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 industry forecast available for Canadian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Canadian industry projections.
Want to get access to the full dataset of Canadian industry forecasts? Send an email to info@focus-economics.com.