Canadian Domestic Market

Economy of Canada

Toronto, the financial centre of Canada
Currency	Canadian dollar (CAD)
Fiscal year	1 April – 29 March
Trade organizations	NAFTA, OECD, WTO and others
Statistics
GDP	$1.640 trillion (nominal; 2017) $1.763 trillion (PPP; 2017)
GDP rank	10th (nominal) 17th (PPP)
GDP growth	1.7% (Q3 2017)
GDP per capita	$44,773 (nominal; 2017) $48,141 (PPP; 2017)
GDP per capita rank	16th (nominal) 22nd (PPP)
GDP by sector	agriculture: 1.6%, industry: 27.7%, services: 70.7% (2016 est.)
Inflation (CPI)	1.4% (October 2017)
Population below poverty line	12.9%
Gini coefficient	.315 (2011)
Labour force	20 million (2017)
Labour force by occupation	agriculture: 2%, manufacturing: 13%, construction: 6%, services: 76%, other: 3% (2006 est.)
Unemployment	5.7% (December 2017)
Average gross salary	C$983 weekly (October 2017)
Main industries	Transportation equipment chemicals minerals food products wood and paper fish products petroleum natural gas
Ease-of-doing-business rank	18th (2018)
External
Exports	$390.1 billion (2016)
Export goods	motor vehicles and parts, industrial machinery, aircraft, telecommunications equipment; chemicals, plastics, fertilizers; wood pulp, timber, crude petroleum, natural gas, electricity, aluminum
Main export partners	United States 76.2%  European Union 7.7%  China 4.1%  Japan 2.1%  Mexico 1.5% Other 8.4%
Imports	$416.6 billion (2016)
Import goods	machinery and equipment, motor vehicles and parts, crude oil, chemicals, electricity, durable consumer goods
Main import partners	United States 52.2%  China 12.1%  European Union 11.4%  Mexico 6.2%  Japan 3% Other 15.1%
FDI stock	Inward: $956.0 billion Outward: $1.219 trillion (2016)
Current account	C$-16.3 billion (Q2 2017)
Gross external debt	$1.791 trillion (31 March 2017)
Public finances
Public debt	98.2% of GDP (2017)
Revenues	$623.7 billion (2017 est.)
Expenses	$657.3 billion (2017 est.)
Economic aid	donor: ODA, $3.96 billion (2016)
Credit rating	Standard & Poor's: AAA Outlook: Stable Moody's: AAA Outlook: Stable Fitch: AAA Outlook: Stable
Foreign reserves	$83.1 billion (November 2016)
Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars.

The economy of Canada is a highly developed mixed economy with 10th largest GDP by nominal and 17th largest GDP by PPP in the world. As with other developed nations, the country's economy is dominated by the service industry, which employs about three quarters of Canadians. Canada has the fourth highest total estimated value of natural resources, valued at US$33.2 trillion in 2016. It has the world's third largest proven petroleum reserves and is the fourth largest exporter of petroleum. It is also the fourth largest exporter of natural gas. Canada is considered an "energy superpower" due to its abundant natural resources.

Canada is unusual among developed countries in the importance of the primary sector, with the logging and oil industries being two of Canada's most important. Canada also has a sizable manufacturing sector, based in Central Canada, with the automobile industry and aircraft industry being especially important. With a long coastline, Canada has the 8th largest commercial fishing and seafood industry in the world. Canada is one of the global leaders of the entertainment software industry. It is a member of the APEC, NAFTA, G7, G20, OECD and WTO.