Real gross domestic product (GDP) increased 0.5% in the first quarter, the same pace as in the fourth quarter of 2024. Exports of goods drove the growth in the first quarter of 2025, followed by accumulations of business non-farm inventories. Higher imports and weak residential structure resale activity tempered overall growth in the first quarter.
On a per capita basis, real GDP was up 0.4% in the first quarter, after increasing 0.1% in the previous quarter. In the first quarter, final domestic demand, which represents total final consumption expenditures and investment in fixed capital, did not increase for the first time since the end of 2023.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).