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1,000-Word Chart: Canada's 'Real' GDP Growth

Alex Carrick
1,000-Word Chart: Canada's 'Real' GDP Growth

Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs.

At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that cry out for compelling ‘shorthand’ visualizations.

Whichever path is followed, the point of the journey, almost always, is to reach a bottom line or two.

To provide additional value, ConstructConnect is now pleased to offer an ongoing series of 1,000-word charts.

These will help readers sort out the ‘big picture’ more clearly.

This 1,000-word chart looks at Canada’s ‘Real’ GDP Growth, year-over-year and quarter-over-quarter.

Graph 1: Canada ‘Real’ GDP Growth, Y/Y & Q/Q
These outsized percentages are somewhat misleading because they are the quarter to quarter changes annualized (i.e., essentially Q/Q multiplied by four). The official annual figure for full year 2020 was -5.4%.
Data source: Statistics Canada Table 36-10-0140-01.
Chart: ConstructConnect.

Alex Carrick is Chief Economist for ConstructConnect. He has delivered presentations throughout North America on the U.S., Canadian and world construction outlooks. Mr. Carrick has been with the company since 1985. Links to his numerous articles are featured on Twitter @ConstructConnx, which has 50,000 followers.

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