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By the numbers: A look at some of the figures in Statistics Canada’s GDP report
OTTAWA – A quick look at some of the numbers in Friday’s Statistics Canada report on real gross domestic product for the first three months of 2015.
— Annualized rate of change in real GDP: negative 0.6 per cent (followed downwardly revised growth of 2.2 per cent for final quarter of 2014).
— Nominal GDP: negative 0.7 per cent quarter-over quarter (the first decrease since the second quarter of 2009). Nominal GDP tracks the value of economic activity and is crucial to tax revenues.
— Household consumption: 0.1 per cent (the slowest growth in household spending since second quarter 2012).
— Exports: negative 0.3 per cent (rate fell for the second straight quarter).
— Imports: negative 0.4 per cent (after three consecutive quarters of growth).
— Mining, quarrying, and oil and gas extraction: negative 2.7 per cent.
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