Retail Sales in Canada
Canada's economy recorded an average growth rate of 4.9% in retail sales in the decade up to 2022, surpassing the 3.5% average for Major Economies. In 2022, Canada's retail sales growth was 8.3%.
Canada Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Canada from 2014 to 2023.
Source: Macrobond.
Canada Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 1.9 | -0.9 | 11.9 | 8.3 | 1.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Canadian retail projections for the next ten years from a panel of 3 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 retail forecast available for Canadian retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Canadian retail projections.
Want to get access to the full dataset of Canadian retail forecasts? Send an email to info@focus-economics.com.