Economy of Canada
Population: 37.06 M (2018)
GDP per Capita: 46,233 USD (2018)
1,713 B.

GDP USD

(2018)

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550,510 M.

EXPORTS USD

(2018)

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584,130 M.

IMPORTS USD

(2018)

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83.62 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.90 % (2018)
GDP of 2010 USD USD 1,904.50 B. (2018)
GDP Current USD USD 1,713.34 B. (2018)
GDP per Capita Current USD USD 46,233 (2018)
GDP per capita, PPP USD 44,078 (2018)
GDP per Capita, 2010 USD USD 51,392 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 20.98 % (2018)
Government Spending USD 359.46 B. (2018)
Government Debt % GDP 83.62 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 107.93 (2018)
Trade Openness 66.22 % (2018)
Exports of Goods and Services % GDP 32.13 % (2018)
Exports Goods & Services USD 550.51 B. (2018)
Exports Annual Growth 3.08 % (2018)
Imports as % GDP 34.09 % (2018)
Total Imports USD 584.13 B. (2018)
Foreign Direct Investment % GDP 2.72 % (2018)
Foreign Direct Investment USD 45.42 B. (2018)
Current Account Balance % GDP USD -2.65 % (2018)
Current Account Balance USD -45.32 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD -36.36 B. (2018)
Foreign Exchange Reserves incl Gold USD 83.93 B. (2018)
Remittances % GDP 0.08 % (2018)
Remittances 0.08 % (2018)
Balance of Payments USD 8,755 M. (2018)

Labor Market

Indicator Value
Labor Force 20.44 M. (2019)
Unemployment Rate 6.06 % (2019)
Unemployment Rate Females 5.26 % (2019)
Unemployment Rate Males 5.84 % (2019)
Youth Unemployment (ages 15-24) 11.81 % (2019)
Labor Force Participation Rate 64.99 % (2019)
Labor Force (Percent Female) 47.37 % (2019)
Female Labor Force Participation Rate 60.66 % (2019)
Male Labor Force Participation Rate 69.44 % (2019)
Dependent People 49.48 % (2018)

Agriculture Sector

Indicator Value
Forest Area 38.20 % (2016)
Forest Area km² 3,470,224 km² (2016)
Agricultural Land 6.89 % (2016)
Agricultural Land km² 626,710 km² (2016)
Employment 1.49 % (2019)
Value added % GDP 1.71 % (2015)
Agriculture Value added USD 26.58 B. (2015)
Crop Production Index 141.10 (2016)
Precipitation 537 mm (2014)
Arable Land 5 % (2016)
Cereal Yield 4,043 kg/hectare (2017)
Food production index 118 (2016)
Rural Population 19 % (2018)
Fertilizer use of Arable Land 88 kg/hectare (2016)
Livestock Production Index 83 (2016)
Economy of Canada

According to the World Bank and its latest published data, the economy of the Canada presents a growth rate of 1.90 % (2018) to the previous year.

With a population that reaches 37.06 M (2018) and a gross domestic product of USD 1,713.34 B. (2018), it translates a Gross Domestic Product per Capita of USD 46,233 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Canada also has a workforce of 20.44 M. (2019) with an unemployment rate of 6.06 % (2019), where women represent 5.26 % (2019) and men 5.84 % (2019), the unemployment rate for young people between 15-24 years old stood at 11.81 % (2019). The total number of dependent people stands at 49.48 % (2018).

The central government spent 20.98 % (2018) of its gross domestic product that year, which in absolute terms is USD 359.46 B. (2018). Its consolidated public debt reached 83.62 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Canada exported USD 550.51 B. (2018), which represents 32.13 % (2018) of its gross domestic product, in that same sense its imports reached USD 584.13 B. (2018) with a direct foreign investment of USD 45.42 B. (2018).

Canada has a forest area of 3,470,224 km² (2016), which represents 38.20 % (2016) of its total area, an average rainfall of 537 mm (2014) per year and a population of 19 % (2018) living in rural areas. With a total area of 626,710 km² (2016) available for agriculture and 1.49 % (2019) of its employments, the agricultural sector contributes to the economy of the Canada about USD 26.58 B. (2015) (1.71 % (2015) of its GDP).