After each quarterly release of the National Economic Accounts data, Bank of Canada staff analyze the Canadian and international economies and produce forecasts for many macroeconomic variables. These forecasts are provided to Governing Council in preparation for monetary policy decisions. They are saved along with the relevant historical real-time data and released once a year with a five-year lag.
For more details about the Staff Economic Projections database, see Champagne, Poulin-Bellisle and Sekkel (2018), Staff Working Paper No. 2018-52.
Projection data on this page is available in the CSV, JSON, and XML formats provided by our Valet API.
Real Gross Domestic Product
Nominal Gross Domestic Product
Implicit Price Deflator for GDP
Nominal Gross National Expenditure
Implicit Price Deflator for GNE
Personal Consumption Expenditures
Deflator for Personal Consumption Expenditures
Investment (Gross fixed capital formation)
Exports of Goods and Services
Imports of Goods and Services
Sum of Personal consumption expenditures, residential investment and investment in inventories (CIRINV)
Deflator for CIRINV
Consumer Price Index
Core Consumer Price Index
U.S. / CAD nominal exchange rate
Staff projection policy rate
5-year Federal Government bonds rate
Each series download
- is organized by variable;
- contains one time series per projection for each variable.
Each series represents a snapshot of
- the historical data available to staff at a specific point in time;
- the forecasts produced by staff at that time.
Series names describe the variable and the projection (or “vintage”) date. Observations from before the vintage date are historical data, and those on or after the vintage date are forecasts.
For example, in the case of SWP-GDP1987Q1:
- The series name refers to GDP as of the first quarter (Q1) of 1987.
- Observations before 1987Q1 are historical data.
- Observations from 1987Q1 onward are forecasts.