Economy - overview:
As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US, its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010 and 2011 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly becoming an even larger economic driver with Alberta's oil sands significantly boosting Canada's proven oil reserves, ranking the country third in the world behing Saudia Arabia and Venezuela.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Canada on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Canada Economy 2012 information contained here. All suggestions for corrections of any errors about Canada Economy 2012 should be addressed to the CIA.
$1.389 trillion (2011 est.)
country comparison to the world: 15
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$1.759 trillion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
2.2% (2011 est.)
country comparison to the world: 146
[see also: GDP - real growth rate country ranks ]
$40,300 (2011 est.)
country comparison to the world: 21
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 1.9%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 27.1%
[see also: GDP - composition by sector - industry country ranks ]
services: 71% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
18.68 million (2011 est.)
country comparison to the world: 31
[see also: Labor force country ranks ]
agriculture: 2%
[see also: Labor force - by occupation - agriculture country ranks ]
manufacturing: 13%
construction: 6%
services: 76%
[see also: Labor force - by occupation - services country ranks ]
other: 3% (2006 est.)
7.4% (2011 est.)
country comparison to the world: 82
[see also: Unemployment rate country ranks ]
9.4%
note: this figure is the Low Income Cut-Off (LICO), a calculation that results in higher figures than found in many comparable economies; Canada does not have an official poverty line (2008)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 24.8% (2000)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
32.1 (2005)
country comparison to the world: 105
[see also: Distribution of family income - Gini index country ranks ]
22.7% of GDP (2011 est.)
country comparison to the world: 82
[see also: Investment (gross fixed) country ranks ]
revenues: $677.6 billion
[see also: Budget revenues country ranks ]
expenditures: $744.8 billion (2011 est.)
[see also: Budget expenditures country ranks ]
38.5% of GDP (2011 est.)
country comparison to the world: 48
[see also: Taxes and other revenues country ranks ]
-3.8% of GDP (2011 est.)
country comparison to the world: 121
[see also: Budget surplus (+) or deficit (-) country ranks ]
83.5% of GDP (2011 est.)
country comparison to the world: 19
note: figures are for gross general government debt, as opposed to net federal debt; gross general government debt includes both intragovernmental debt and the debt of public entities at the sub-national level
[see also: Public debt country ranks ]
2.8% (2011 est.)
country comparison to the world: 43
[see also: Inflation rate (consumer prices) country ranks ]
1% (31 December 2010 est.)
country comparison to the world: 143
[see also: Central bank discount rate country ranks ]
3% (31 December 2011 est.)
country comparison to the world: 184
[see also: Commercial bank prime lending rate country ranks ]
$626 billion (31 December 2011 est.)
country comparison to the world: 9
[see also: Stock of narrow money country ranks ]
$1.433 trillion (31 December 2011 est.)
country comparison to the world: 13
[see also: Stock of broad money country ranks ]
$2.731 trillion (31 December 2010 est.)
country comparison to the world: 11
[see also: Stock of domestic credit country ranks ]
$2.16 trillion (31 December 2010)
country comparison to the world: 8
[see also: Market value of publicly traded shares country ranks ]
wheat, barley, oilseed, tobacco, fruits, vegetables; dairy products; forest products; fish
transportation equipment, chemicals, processed and unprocessed minerals, food products, wood and paper products, fish products, petroleum and natural gas
4% (2011 est.)
country comparison to the world: 89
[see also: Industrial production growth rate country ranks ]
604.4 billion kWh (2009 est.)
country comparison to the world: 7
[see also: Electricity - production country ranks ]
549.5 billion kWh (2008 est.)
country comparison to the world: 7
[see also: Electricity - consumption country ranks ]
51.11 billion kWh (2009 est.)
[see also: Electricity - exports country ranks ]
33.62 billion kWh (2009 est.)
[see also: Electricity - imports country ranks ]
3.483 million bbl/day (2010 est.)
country comparison to the world: 6
[see also: Oil - production country ranks ]
2.209 million bbl/day (2010 est.)
country comparison to the world: 10
[see also: Oil - consumption country ranks ]
1.929 million bbl/day (2009 est.)
country comparison to the world: 10
[see also: Oil - exports country ranks ]
1.088 million bbl/day (2009 est.)
country comparison to the world: 14
[see also: Oil - imports country ranks ]
152.3 billion cu m (2010 est.)
country comparison to the world: 4
[see also: Natural gas - production country ranks ]
82.48 billion cu m (2010 est.)
country comparison to the world: 11
[see also: Natural gas - consumption country ranks ]
92.4 billion cu m (2010 est.)
country comparison to the world: 5
[see also: Natural gas - exports country ranks ]
22.53 billion cu m (2010 est.)
country comparison to the world: 14
[see also: Natural gas - imports country ranks ]
1.754 trillion cu m (1 January 2011 est.)
country comparison to the world: 21
[see also: Natural gas - proved reserves country ranks ]
-$52.6 billion (2011 est.)
country comparison to the world: 190
[see also: Current account balance country ranks ]
$450.6 billion (2011 est.)
country comparison to the world: 13
[see also: Exports country ranks ]
motor vehicles and parts, industrial machinery, aircraft, telecommunications equipment; chemicals, plastics, fertilizers; wood pulp, timber, crude petroleum, natural gas, electricity, aluminum
US 74.9%, UK 4.1% (2010)
$459.6 billion (2011 est.)
country comparison to the world: 12
[see also: Imports country ranks ]
machinery and equipment, motor vehicles and parts, crude oil, chemicals, electricity, durable consumer goods
US 50.4%, China 11%, Mexico 5.5% (2010)
$57.15 billion (31 December 2010 est.)
country comparison to the world: 29
[see also: Reserves of foreign exchange and gold country ranks ]
$1.181 trillion (30 June 2011)
country comparison to the world: 15
[see also: Debt - external country ranks ]
$596.8 billion (31 December 2011 est.)
country comparison to the world: 9
[see also: Stock of direct foreign investment - at home country ranks ]
$659.8 billion (31 December 2011 est.)
country comparison to the world: 11
[see also: Stock of direct foreign investment - abroad country ranks ]
Canadian dollars (CAD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12