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Table 3 Gross domestic product (GDP), constant dollars

Reference period GDP including adjustments GDP excluding adjustments GDP adjustments Growth rate of GDP including adjustments Growth rate of GDP excluding adjustments Growth rate difference CAN$/US$ Change in exchange rate
2002 constant prices, seasonally adjusted at annual rates exchange rate percentage
millions of dollars percentage
First quarter, 2002 1,140,386 1,140,656 -270 1.20 1.20 0.00 1.5944 0.89
Second quarter, 2002 1,147,298 1,147,571 -273 0.61 0.61 0.00 1.5542 -2.52
Third quarter, 2002 1,157,586 1,157,870 -284 0.90 0.90 0.00 1.5632 0.58
Fourth quarter, 2002 1,166,350 1,165,523 827 0.76 0.66 0.10 1.5695 0.40
First quarter, 2003 1,171,868 1,169,552 2,316 0.47 0.35 0.13 1.5098 -3.81
Second quarter, 2003 1,170,484 1,165,910 4,574 -0.12 -0.31 0.19 1.3984 -7.37
Third quarter, 2003 1,173,772 1,169,943 3,829 0.28 0.35 -0.06 1.3801 -1.31
Fourth quarter, 2003 1,186,416 1,180,995 5,421 1.08 0.94 0.13 1.3158 -4.66
First quarter, 2004 1,191,528 1,186,850 4,678 0.43 0.50 -0.06 1.3178 0.15
Second quarter, 2004 1,204,128 1,200,580 3,548 1.06 1.16 -0.10 1.3595 3.17
Third quarter, 2004 1,220,544 1,214,706 5,838 1.36 1.18 0.19 1.3072 -3.85
Fourth quarter, 2004 1,227,376 1,218,951 8,425 0.56 0.35 0.21 1.2207 -6.61
First quarter, 2005 1,230,024 1,222,801 7,223 0.22 0.32 -0.10 1.2270 0.52
Second quarter, 2005 1,236,668 1,230,255 6,413 0.54 0.61 -0.07 1.2439 1.38
Third quarter, 2005 1,251,512 1,243,229 8,283 1.20 1.05 0.15 1.2015 -3.41
Fourth quarter, 2005 1,264,688 1,255,728 8,960 1.05 1.01 0.05 1.1732 -2.35
First quarter, 2006 1,277,220 1,267,514 9,706 0.99 0.94 0.05 1.1545 -1.59
Second quarter, 2006 1,283,448 1,272,966 10,482 0.49 0.43 0.06 1.1224 -2.79
Third quarter, 2006 1,283,384 1,274,112 9,272 0.00 0.09 -0.09 1.1212 -0.10
Fourth quarter, 2006 1,290,020 1,281,330 8,690 0.52 0.57 -0.05 1.1393 1.61
First quarter, 2007 1,305,588 1,297,297 8,291 1.21 1.25 -0.04 1.1716 2.84
Second quarter, 2007 1,316,796 1,305,382 11,414 0.86 0.62 0.24 1.0981 -6.27
Third quarter, 2007 1,322,896 1,310,367 12,529 0.46 0.38 0.08 1.0446 -4.87
Fourth quarter, 20071 1,322,992 1,307,819 15,173 0.01 -0.19 0.20 0.9818 -6.01
First quarter, 2008 1,314,844 1,301,720 13,124 -0.62 -0.47 -0.15 1.0041 2.27
Second quarter, 2008 1,315,808 1,303,269 12,539 0.07 0.12 -0.05 1.0100 0.59
Third quarter, 2008 1,315,148 1,305,323 9,825 -0.05 0.16 -0.21 1.0418 3.15
Fourth quarter, 2008 1,307,380 1,308,445 -1,065 -0.59 0.24 -0.83 1.2125 16.38
1. During the fourth quarter of 2007, for example, there was an exchange rate appreciation of 6.01%. The combined export and import adjustment served to increase GDP growth by .20% during this period.