Economy of Canada
Toronto, the financial centre of Canada
|
|
| Currency | Canadian dollar (CAD) |
|---|---|
| 1 April – 29 March | |
|
Trade organizations
|
NAFTA, OECD, WTO and others |
| Statistics | |
| GDP | $1.6 trillion (2016, nominal) |
| GDP rank | 10th (nominal) / 15th (PPP) |
|
GDP growth
|
 0.5% (Q2 2015 est.) |
|
GDP per capita
|
$40,400 (2016, nominal) |
|
GDP by sector
|
agriculture: 1.7%, industry: 28.5%, services: 69.8% (2012 est.) |
| 1% (March 2015) | |
|
Population below poverty line
|
12.9 % |
| .315 (2011) | |
|
Labour force
|
19 million (2012 est.) |
|
Labour force by occupation
|
agriculture: 2%, manufacturing: 13%, construction: 6%, services: 76%, other: 3% (2006 est.) |
| Unemployment | 6.8% (January 2017) |
|
Main industries
|
transportation equipment, chemicals, processed and unprocessed minerals, food products, wood and paper products, oil sands, fish products, petroleum and natural gas and minerals such as gold iron and magnesium |
| 22nd (2017) | |
| External | |
| Exports | $524 billion (2015) |
|
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 75.2% China 4.10% United Kingdom 3.17% Japan 1.93% Mexico 1.51% India 0.86% South Korea 0.81% (2015) |
| Imports | $548 Billion (2015) |
|
Import goods
|
machinery and equipment, motor vehicles and parts, crude oil, chemicals, electricity, durable consumer goods |
|
Main import partners
|
United States 66.28% China 7.10% Mexico 3.35% Germany 2.73% Japan 1.99% United Kingdom 1.58% South Korea 1.12% (2015) |
|
FDI stock
|
$529 billion (31 December 2010 est.) |
|
Gross external debt
|
$1.4 trillion (31 January 2014) |
| Public finances | |
| $582 billion CAD (2014) / 33.8% of GDP (2012 est.) | |
| $2.9 Billion (Federal, 2014-15) | |
| Revenues | $683 billion (2012 est.) |
| Expenses | $750 billion (2012 est.) |
| Economic aid | $4.1 billion (donor) (2010) |
| AAA (Domestic) AAA (Foreign) AAA (T&C Assessment) (Standard & Poor's) |
|
|
Foreign reserves
|
$66 billion (31 December 2011 est.) |
Canada has the 10th (nominal) or 15th-largest (PPP) economy in the world (measured in US dollars at market exchange rates), is one of the world's wealthiest nations, and is a member of the Organization for Economic Co-operation and Development (OECD) and Group of Seven (G7). As with other developed nations, the Canadian economy is dominated by the service industry, which employs about three quarters of Canadians. 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.
With the exception of a few big island nations in the Caribbean, Canada is the only major parliamentary democracy in the western hemisphere. As a result, Canada has developed its own social and political institutions, distinct from most other countries in the world. Though the Canadian economy is closely integrated with the American economy, it has developed unique economic institutions.
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Wikipedia