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Canadian Research Economic DataCRED

GDP: Wholesale Trade

(GDP_WHOLESALE)
Observations
Jul 2026: 130311
Updated: 2026-10-09, 6:19:49 a.m. ET
Units
Millions of chained 2017 dollars,
Seasonally adjusted at annual rates
Frequency
Monthly
Source
Statistics Canada, Gross Domestic Product by Industry
Series ID
GDP_WHOLESALE
Table 36-10-0434-02
CREDGDP: Wholesale Trade
COVID-19 recessionGlobal Financial Crisis50000600007000080000900001000001100001200001300001400001997200020032006200920122015201820212024Millions of chained 2017 dollars1997-01-01: 559451997-02-01: 566511997-03-01: 559651997-04-01: 571961997-05-01: 573821997-06-01: 589591997-07-01: 606021997-08-01: 607551997-09-01: 612431997-10-01: 624711997-11-01: 622471997-12-01: 630841998-01-01: 620081998-02-01: 636421998-03-01: 641591998-04-01: 647171998-05-01: 645711998-06-01: 637601998-07-01: 636401998-08-01: 633901998-09-01: 640371998-10-01: 640421998-11-01: 632251998-12-01: 640731999-01-01: 643271999-02-01: 647111999-03-01: 639811999-04-01: 639471999-05-01: 635131999-06-01: 637251999-07-01: 637561999-08-01: 642551999-09-01: 646191999-10-01: 647631999-11-01: 668421999-12-01: 661602000-01-01: 660852000-02-01: 666832000-03-01: 673792000-04-01: 670082000-05-01: 674882000-06-01: 683932000-07-01: 685272000-08-01: 686952000-09-01: 687142000-10-01: 688882000-11-01: 686592000-12-01: 687752001-01-01: 688432001-02-01: 680792001-03-01: 679842001-04-01: 676112001-05-01: 678182001-06-01: 691632001-07-01: 696622001-08-01: 698932001-09-01: 686012001-10-01: 678762001-11-01: 678462001-12-01: 681342002-01-01: 695872002-02-01: 697622002-03-01: 689812002-04-01: 700562002-05-01: 710262002-06-01: 706362002-07-01: 717762002-08-01: 724792002-09-01: 717732002-10-01: 718222002-11-01: 718392002-12-01: 718182003-01-01: 734872003-02-01: 739682003-03-01: 739682003-04-01: 733142003-05-01: 744412003-06-01: 749372003-07-01: 753812003-08-01: 702982003-09-01: 751482003-10-01: 760742003-11-01: 748982003-12-01: 759742004-01-01: 750932004-02-01: 742162004-03-01: 760672004-04-01: 754312004-05-01: 756202004-06-01: 761622004-07-01: 761302004-08-01: 766822004-09-01: 774722004-10-01: 771262004-11-01: 790022004-12-01: 792162005-01-01: 794732005-02-01: 800202005-03-01: 793932005-04-01: 807332005-05-01: 802162005-06-01: 816762005-07-01: 800692005-08-01: 815692005-09-01: 825592005-10-01: 841812005-11-01: 836782005-12-01: 838102006-01-01: 846812006-02-01: 849902006-03-01: 857442006-04-01: 859232006-05-01: 864322006-06-01: 854652006-07-01: 852142006-08-01: 861682006-09-01: 847872006-10-01: 844362006-11-01: 847322006-12-01: 874982007-01-01: 860242007-02-01: 892972007-03-01: 894162007-04-01: 893812007-05-01: 899462007-06-01: 900952007-07-01: 893072007-08-01: 886912007-09-01: 887802007-10-01: 895082007-11-01: 888272007-12-01: 879492008-01-01: 891092008-02-01: 880432008-03-01: 890402008-04-01: 888062008-05-01: 893662008-06-01: 900662008-07-01: 904902008-08-01: 900942008-09-01: 899492008-10-01: 889542008-11-01: 866392008-12-01: 840142009-01-01: 825062009-02-01: 821282009-03-01: 814772009-04-01: 814292009-05-01: 818922009-06-01: 820802009-07-01: 829392009-08-01: 831772009-09-01: 831822009-10-01: 835272009-11-01: 850072009-12-01: 865462010-01-01: 875702010-02-01: 869502010-03-01: 875892010-04-01: 874882010-05-01: 874952010-06-01: 882262010-07-01: 872472010-08-01: 889392010-09-01: 892912010-10-01: 899922010-11-01: 913832010-12-01: 931072011-01-01: 945902011-02-01: 932082011-03-01: 942342011-04-01: 932022011-05-01: 942862011-06-01: 939212011-07-01: 965792011-08-01: 958172011-09-01: 961672011-10-01: 973972011-11-01: 974712011-12-01: 982162012-01-01: 963672012-02-01: 975352012-03-01: 986682012-04-01: 991062012-05-01: 986092012-06-01: 988412012-07-01: 992202012-08-01: 991972012-09-01: 990802012-10-01: 984302012-11-01: 1004612012-12-01: 995822013-01-01: 1007612013-02-01: 1015382013-03-01: 1014792013-04-01: 1019252013-05-01: 1027932013-06-01: 1009352013-07-01: 1038132013-08-01: 1036542013-09-01: 1043742013-10-01: 1049742013-11-01: 1052822013-12-01: 1036682014-01-01: 1030702014-02-01: 1045332014-03-01: 1047712014-04-01: 1044492014-05-01: 1061422014-06-01: 1067842014-07-01: 1062552014-08-01: 1070342014-09-01: 1084122014-10-01: 1055562014-11-01: 1047332014-12-01: 1050402015-01-01: 1033072015-02-01: 1028332015-03-01: 1024482015-04-01: 1034242015-05-01: 1023352015-06-01: 1027882015-07-01: 1017422015-08-01: 1006352015-09-01: 1004602015-10-01: 1007332015-11-01: 1018842015-12-01: 1028272016-01-01: 1051722016-02-01: 1014962016-03-01: 1002392016-04-01: 1015042016-05-01: 1010302016-06-01: 1012062016-07-01: 1018822016-08-01: 1013042016-09-01: 1013632016-10-01: 1019422016-11-01: 1028232016-12-01: 1034012017-01-01: 1036552017-02-01: 1048222017-03-01: 1058962017-04-01: 1058952017-05-01: 1051122017-06-01: 1051272017-07-01: 1041882017-08-01: 1057812017-09-01: 1050342017-10-01: 1063242017-11-01: 1068852017-12-01: 1071732018-01-01: 1066602018-02-01: 1069492018-03-01: 1083782018-04-01: 1079392018-05-01: 1107632018-06-01: 1091932018-07-01: 1094302018-08-01: 1095162018-09-01: 1096922018-10-01: 1101962018-11-01: 1088712018-12-01: 1097652019-01-01: 1097082019-02-01: 1099382019-03-01: 1118052019-04-01: 1127822019-05-01: 1124652019-06-01: 1143372019-07-01: 1146962019-08-01: 1122492019-09-01: 1145362019-10-01: 1133182019-11-01: 1127682019-12-01: 1150942020-01-01: 1133332020-02-01: 1144292020-03-01: 1087042020-04-01: 892002020-05-01: 941312020-06-01: 1118342020-07-01: 1176182020-08-01: 1181262020-09-01: 1188352020-10-01: 1187052020-11-01: 1191012020-12-01: 1183642021-01-01: 1194802021-02-01: 1167812021-03-01: 1199582021-04-01: 1194942021-05-01: 1175232021-06-01: 1151222021-07-01: 1140682021-08-01: 1153682021-09-01: 1171352021-10-01: 1185452021-11-01: 1226162021-12-01: 1238702022-01-01: 1250192022-02-01: 1235822022-03-01: 1236902022-04-01: 1223812022-05-01: 1231442022-06-01: 1228822022-07-01: 1221262022-08-01: 1226302022-09-01: 1224992022-10-01: 1230952022-11-01: 1220612022-12-01: 1210672023-01-01: 1250552023-02-01: 1232482023-03-01: 1221632023-04-01: 1203792023-05-01: 1230812023-06-01: 1203632023-07-01: 1223932023-08-01: 1229332023-09-01: 1227232023-10-01: 1228682023-11-01: 1248992023-12-01: 1249952024-01-01: 1249272024-02-01: 1244872024-03-01: 1237412024-04-01: 1251902024-05-01: 1246502024-06-01: 1229922024-07-01: 1236032024-08-01: 1227462024-09-01: 1246902024-10-01: 1258272024-11-01: 1253272024-12-01: 1255682025-01-01: 1264552025-02-01: 1278772025-03-01: 1275562025-04-01: 1247352025-05-01: 1254132025-06-01: 1264662025-07-01: 1277232025-08-01: 1266042025-09-01: 1268962025-10-01: 1265202025-11-01: 1248272025-12-01: 1263482026-01-01: 1244882026-02-01: 1267992026-03-01: 1286192026-04-01: 1292972026-05-01: 1286542026-06-01: 1308182026-07-01: 130311
Source: Statistics Canada, Gross Domestic Product by Industry via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).
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Notes

Source: Statistics Canada

Release: Gross Domestic Product by Industry

Units: Millions of chained 2017 dollars, Seasonally adjusted at annual rates

Frequency: Monthly

Notes: Monthly value-added of wholesale trade in millions of chained 2017 dollars. Wholesalers earn margins moving goods from producers to retailers, so this series tracks the health of the distribution layer. Seasonally adjusted at annual rates.

Suggested Citation: Statistics Canada, GDP: Wholesale Trade GDP_WHOLESALE, retrieved from CRED, Canadian Research Economic Data; https://cred.nshipyard.com/series/GDP_WHOLESALE, October 9, 2026.

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CREDReal Manufacturing Sales
COVID-19 recession36000380004000042000440004600048000500005200054000560005800060000201620182020202220242026Millions of 2017 dollars2016-08-01: 524452016-09-01: 522352016-10-01: 519492016-11-01: 524922016-12-01: 537232017-01-01: 541372017-02-01: 538112017-03-01: 534412017-04-01: 541842017-05-01: 544822017-06-01: 541062017-07-01: 537832017-08-01: 543462017-09-01: 547842017-10-01: 539152017-11-01: 550522017-12-01: 550402018-01-01: 543232018-02-01: 554542018-03-01: 553072018-04-01: 548902018-05-01: 550892018-06-01: 557772018-07-01: 557482018-08-01: 553622018-09-01: 551472018-10-01: 557592018-11-01: 554232018-12-01: 551002019-01-01: 562982019-02-01: 554812019-03-01: 559832019-04-01: 558982019-05-01: 573852019-06-01: 562722019-07-01: 557332019-08-01: 565742019-09-01: 564972019-10-01: 559992019-11-01: 556842019-12-01: 555702020-01-01: 548212020-02-01: 555792020-03-01: 496822020-04-01: 369532020-05-01: 413862020-06-01: 498722020-07-01: 527302020-08-01: 522602020-09-01: 531152020-10-01: 534582020-11-01: 529742020-12-01: 529942021-01-01: 542522021-02-01: 525282021-03-01: 538912021-04-01: 514432021-05-01: 508162021-06-01: 525032021-07-01: 514662021-08-01: 525702021-09-01: 503372021-10-01: 524902021-11-01: 539162021-12-01: 546062022-01-01: 531272022-02-01: 554682022-03-01: 562102022-04-01: 569232022-05-01: 550482022-06-01: 562302022-07-01: 557172022-08-01: 552682022-09-01: 552312022-10-01: 552222022-11-01: 555202022-12-01: 552902023-01-01: 568532023-02-01: 554912023-03-01: 560492023-04-01: 562422023-05-01: 574962023-06-01: 570772023-07-01: 566512023-08-01: 571972023-09-01: 563692023-10-01: 549542023-11-01: 559282023-12-01: 558322024-01-01: 552842024-02-01: 559472024-03-01: 545932024-04-01: 553122024-05-01: 553772024-06-01: 547322024-07-01: 548142024-08-01: 546362024-09-01: 543422024-10-01: 547822024-11-01: 551242024-12-01: 542422025-01-01: 552342025-02-01: 542742025-03-01: 533772025-04-01: 526852025-05-01: 525132025-06-01: 524512025-07-01: 537622025-08-01: 528162025-09-01: 542992025-10-01: 533222025-11-01: 521552025-12-01: 527062026-01-01: 505532026-02-01: 520112026-03-01: 525922026-04-01: 537492026-05-01: 539592026-06-01: 547682026-07-01: 54000
Source: Statistics Canada, Monthly Survey of Manufacturing via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Real Manufacturing Sales

CREDRetail Sales
COVID-19 recession3500000040000000450000005000000055000000600000006500000070000000750000002017201820192020202120222023202420252026Thousands of dollars2017-01-01: 504172352017-02-01: 498634522017-03-01: 499374202017-04-01: 508274382017-05-01: 507116342017-06-01: 507626242017-07-01: 508790022017-08-01: 510115882017-09-01: 510403842017-10-01: 525225322017-11-01: 521390922017-12-01: 523105732018-01-01: 522714462018-02-01: 520354652018-03-01: 519469652018-04-01: 521017772018-05-01: 534470832018-06-01: 532879402018-07-01: 530961022018-08-01: 533764292018-09-01: 536349322018-10-01: 538592582018-11-01: 529762702018-12-01: 533865742019-01-01: 529079652019-02-01: 529974822019-03-01: 536277442019-04-01: 537860702019-05-01: 540930662019-06-01: 538020842019-07-01: 543819602019-08-01: 543501842019-09-01: 543632452019-10-01: 536254702019-11-01: 540402942019-12-01: 553498662020-01-01: 546945672020-02-01: 548798792020-03-01: 488089332020-04-01: 375620592020-05-01: 458981942020-06-01: 558774532020-07-01: 563079802020-08-01: 560798362020-09-01: 579858342020-10-01: 585304352020-11-01: 587355682020-12-01: 563728882021-01-01: 551670782021-02-01: 586912112021-03-01: 616921362021-04-01: 584132102021-05-01: 570346652021-06-01: 596651822021-07-01: 602025422021-08-01: 611173152021-09-01: 607981162021-10-01: 617179712021-11-01: 623721502021-12-01: 613355522022-01-01: 629022312022-02-01: 632261832022-03-01: 640103202022-04-01: 640835892022-05-01: 659918522022-06-01: 668131702022-07-01: 649119492022-08-01: 651822722022-09-01: 648743502022-10-01: 655050912022-11-01: 653222412022-12-01: 647240322023-01-01: 663370302023-02-01: 653937172023-03-01: 651518982023-04-01: 655436262023-05-01: 659124182023-06-01: 659992262023-07-01: 659344372023-08-01: 659285212023-09-01: 667315052023-10-01: 666694912023-11-01: 664406302023-12-01: 663265592024-01-01: 670900622024-02-01: 671613922024-03-01: 666549412024-04-01: 672484852024-05-01: 668819052024-06-01: 664416572024-07-01: 677868472024-08-01: 676042192024-09-01: 683212692024-10-01: 690418702024-11-01: 690702942024-12-01: 708912132025-01-01: 705737822025-02-01: 694004542025-03-01: 702696502025-04-01: 704133652025-05-01: 696126792025-06-01: 705792252025-07-01: 701345762025-08-01: 707803862025-09-01: 700590942025-10-01: 701127742025-11-01: 709851442025-12-01: 707087402026-01-01: 716505472026-02-01: 720538902026-03-01: 727259052026-04-01: 730184782026-05-01: 737797252026-06-01: 742455282026-07-01: 73696547
Source: Statistics Canada, Retail Trade Survey via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Retail Sales

CREDWholesale Sales
COVID-19 recession5000000060000000700000008000000090000000100000000110000000120000000130000000140000000150000000201620182020202220242026Thousands of dollars2016-08-01: 563732772016-09-01: 563419832016-10-01: 569166072016-11-01: 570111282016-12-01: 583142692017-01-01: 585517372017-02-01: 584906002017-03-01: 594249272017-04-01: 597269132017-05-01: 603524822017-06-01: 603926232017-07-01: 605836262017-08-01: 608282762017-09-01: 605247722017-10-01: 615470842017-11-01: 623600182017-12-01: 622070872018-01-01: 616975302018-02-01: 612387482018-03-01: 623169532018-04-01: 620682372018-05-01: 635561942018-06-01: 628854712018-07-01: 628498472018-08-01: 629104892018-09-01: 625175322018-10-01: 632700212018-11-01: 627150242018-12-01: 628670232019-01-01: 626201362019-02-01: 623689302019-03-01: 631461602019-04-01: 642946212019-05-01: 636720552019-06-01: 638729222019-07-01: 646764602019-08-01: 636845292019-09-01: 642537072019-10-01: 634127112019-11-01: 623155342019-12-01: 634938222020-01-01: 641511742020-02-01: 649290872020-03-01: 626053372020-04-01: 490999262020-05-01: 522275332020-06-01: 626804822020-07-01: 652899172020-08-01: 656613992020-09-01: 666612222020-10-01: 668557932020-11-01: 671036192020-12-01: 668585242021-01-01: 962557722021-02-01: 973137292021-03-01: 1012928312021-04-01: 1017641322021-05-01: 1024563262021-06-01: 1034815162021-07-01: 1065268112021-08-01: 1060408472021-09-01: 1076815392021-10-01: 1107781932021-11-01: 1158877102021-12-01: 1168423912022-01-01: 1184298492022-02-01: 1224118032022-03-01: 1269366552022-04-01: 1288336252022-05-01: 1336121082022-06-01: 1384559242022-07-01: 1343015832022-08-01: 1321441232022-09-01: 1329111292022-10-01: 1370672322022-11-01: 1363247872022-12-01: 1309583592023-01-01: 1338913782023-02-01: 1315853812023-03-01: 1164218652023-04-01: 1162427072023-05-01: 1218407402023-06-01: 1184741962023-07-01: 1232771212023-08-01: 1288388842023-09-01: 1226919232023-10-01: 1252834232023-11-01: 1218573202023-12-01: 1179152482024-01-01: 1183246782024-02-01: 1213981052024-03-01: 1175955482024-04-01: 1247498032024-05-01: 1217472012024-06-01: 1186530712024-07-01: 1194514882024-08-01: 1192786042024-09-01: 1162312802024-10-01: 1205355502024-11-01: 1184608022024-12-01: 1208648242025-01-01: 1221174362025-02-01: 1183863872025-03-01: 1205470432025-04-01: 1149073602025-05-01: 1138058562025-06-01: 1181019932025-07-01: 1206437952025-08-01: 1169747002025-09-01: 1172849662025-10-01: 1175907752025-11-01: 1158063422025-12-01: 1173095002026-01-01: 1159531612026-02-01: 1187815112026-03-01: 1349022372026-04-01: 1410044562026-05-01: 1407834732026-06-01: 1366898302026-07-01: 137297173
Source: Statistics Canada, Wholesale Trade Survey via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Wholesale Sales

CREDIndustrial Capacity Utilization Rate
COVID-19 recessionGlobal Financial Crisis707274767880828486881996199920022005200820112014201720202023Percent1996-01-01: 82.11996-04-01: 82.21996-07-01: 83.51996-10-01: 83.11997-01-01: 841997-04-01: 84.31997-07-01: 85.41997-10-01: 85.61998-01-01: 85.61998-04-01: 84.71998-07-01: 83.71998-10-01: 841999-01-01: 84.81999-04-01: 84.21999-07-01: 84.81999-10-01: 85.42000-01-01: 852000-04-01: 84.82000-07-01: 85.12000-10-01: 85.22001-01-01: 83.92001-04-01: 83.72001-07-01: 82.32001-10-01: 81.62002-01-01: 83.22002-04-01: 84.22002-07-01: 84.12002-10-01: 83.62003-01-01: 83.62003-04-01: 82.92003-07-01: 83.42003-10-01: 84.92004-01-01: 84.82004-04-01: 85.32004-07-01: 85.72004-10-01: 85.72005-01-01: 85.52005-04-01: 85.72005-07-01: 85.92005-10-01: 86.22006-01-01: 86.22006-04-01: 85.32006-07-01: 84.42006-10-01: 842007-01-01: 85.22007-04-01: 85.42007-07-01: 84.82007-10-01: 82.92008-01-01: 80.92008-04-01: 80.62008-07-01: 80.92008-10-01: 78.72009-01-01: 73.82009-04-01: 71.82009-07-01: 732009-10-01: 75.42010-01-01: 77.82010-04-01: 792010-07-01: 79.32010-10-01: 79.42011-01-01: 80.12011-04-01: 79.72011-07-01: 81.32011-10-01: 81.42012-01-01: 81.12012-04-01: 81.32012-07-01: 80.32012-10-01: 79.72013-01-01: 80.52013-04-01: 802013-07-01: 80.12013-10-01: 80.72014-01-01: 80.52014-04-01: 81.62014-07-01: 81.52014-10-01: 82.22015-01-01: 80.72015-04-01: 79.42015-07-01: 802015-10-01: 79.22016-01-01: 79.12016-04-01: 77.52016-07-01: 78.62016-10-01: 78.92017-01-01: 78.82017-04-01: 79.12017-07-01: 79.72017-10-01: 80.52018-01-01: 822018-04-01: 82.22018-07-01: 81.72018-10-01: 80.52019-01-01: 79.82019-04-01: 81.32019-07-01: 80.42019-10-01: 802020-01-01: 79.42020-04-01: 69.62020-07-01: 76.32020-10-01: 78.42021-01-01: 79.92021-04-01: 80.12021-07-01: 79.52021-10-01: 80.12022-01-01: 80.82022-04-01: 81.52022-07-01: 81.22022-10-01: 80.52023-01-01: 80.72023-04-01: 80.52023-07-01: 802023-10-01: 79.22024-01-01: 78.52024-04-01: 78.92024-07-01: 78.52024-10-01: 78.42025-01-01: 78.52025-04-01: 782025-07-01: 78.92025-10-01: 78.5
Source: Statistics Canada, Industrial Capacity Utilization via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Industrial Capacity Utilization Rate

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