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More information Previous issues Related products Gross domestic product by industry Balance of international payments National economic and financial accounts Overview PDF version Canadian economic accounts quarterly review

Canadian economic accounts quarterly review >

Third quarter 2002

Overview

National economic and financial accounts
Real gross domestic product (GDP) grew 0.8% in the third quarter supported by rebounding exports and continuing strong demand for new housing. Growth in final domestic demand slowed to 0.5%.

Balance of international payments
In the third quarter of 2002, the seasonally adjusted current account surplus was $5.1 billion, an increase of $0.4 billion over the previous quarter, led by a higher surplus for goods. It was the third consecutive quarter that the surplus was in the $5 billion range.

Gross domestic product by industry
After a strong start to the quarter, economic activity levelled off in September, edging up 0.1%. Higher purchases of new and existing housing and increased industrial production offset the weakness in agriculture, finance, retail and wholesale trade.

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Date Modified: 2003-10-16 Important Notices