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Economy of Canada

Economy of Canada
An aerial view of the Financial District in Toronto, the heart of the financial industry of Canada.
CountryCanada
CaptionAn aerial view of the Financial District in Toronto, the heart of the financial industry of Canada.
CurrencyCanadian dollar (CAD)
Year1935
OrgansNAFTA, OECD, WTO and others
Rank10th (nominal) / 14th (PPP)
Gdp$1.574 trillion (2010)
Growth9.6% (2009/Q1 to 2010/Q1)
Per CapitaPPP: $43,100 (2008) (US$41,016)
Sectorsagriculture (2.3%), industry (26.4%), services (71.3%) (2009 est.)
Inflation1.6% (2010 est.)
Poverty10.8% (relative) (2005)
Gini32.1 (2005)
Labor18.59 million (2010 est.)
Occupationsagriculture (2%), manufacturing (13%), construction (6%), services (76%), other (3%) (2006)
Unemployment7.2 % (July 2011)
Industriestransportation equipment, chemicals, processed and unprocessed minerals, food products, wood and paper products, fish products, petroleum and natural gas
Edbr7th
Exports$406.8 billion (2010 est.)
Export-goodsmotor vehicles and parts, industrial machinery, aircraft, telecommunications equipment, electronics, chemicals, plastics, fertilizers, wood pulp, timber, crude petroleum, natural gas, electricity, aluminium
Export-partnersU.S. 75.02%, UK 3.37%, China 3.09% (2009)
Imports$406.4 billion (2010 est.)
Import-goodsmachinery and equipment, motor vehicles and parts, electronics, crude oil, chemicals, electricity, durable consumer goods
Import-partnersU.S. 51.1%, China 10.88%, Mexico 4.56% (2009)
FDI$528.7 billion (31 December 2010 est.)
Gross External Debt$1.009 trillion (30 June 2010)
Debt$982.5 billion (2010)
Deficit$55.6 billion CAD (Federal, 2009-10)
Revenue$218.6 billion CAD (Federal, 2009-10)
Expenses$274.2 billion CAD (Federal, 2009-10)
Aid$4.1 billion (donor) (2010)
CreditAAA (Domestic)
AAA (Foreign)
AAA (T&C Assessment)
(Standard & Poor's)
ReservesUS$63.019 billion (April 2011)
Cianameca

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Canada has the ninth largest 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 Eight (G8). 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, centered in Central Canada, with the automobile industry especially important.


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