Find us at:   Canada.EXPORT   |About Us | Contact Us | Change Country
ExportCanada.com
Member ID:
Password:
Forgot password
Join Us
Join Free
  Member Benefits
  First Time Visitors
  FAQs
  Trade Alerts
 
Export Canada.com
About Us
  Our Network
  Our Partners
  Partnership Opportunities
  Contact Us
 
Canadian Embassies & Consulates Abroad
Foreign Embassies & Consulates in Canada
Country Fact Sheet - Economy
Economy | Government | People | Transportation | Geography | Communications | Military
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. Given its great natural resources, skilled labor force, and modern capital plant, Canada enjoys solid economic prospects. Top-notch fiscal management has produced consecutive balanced budgets since 1997, although public debate continues over the equitable distribution of federal funds to the Canadian provinces. Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the US, which absorbs 80% of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. During 2007, Canada enjoyed good economic growth, moderate inflation, and the lowest unemployment rate in more than three decades.
Agriculture Products
wheat, barley, oilseed, tobacco, fruits, vegetables; dairy products; forest products; fish
Budget
revenues: $569.3 billion expenditures: $555.2 billion (2007 est.)
Currency
Canadian dollar (CAD)
Current Account Balance
$13.26 billion (2007 est.)
Debt External
$758.6 billion (30 June 2007) Stock of direct foreign investment - at home$527.4 billion (2007 est.)
Economic Aid Donor
ODA, $3.9 billion (2007) Reserves of foreign exchange and gold: $39.31 billion (2007 est.)
Electricity Consumption
540.2 billion kWh (2005)
Electricity Exports
42.93 billion kWh (2005)
Electricity Imports
19.33 billion kWh (2005)
Electricity Production
609.6 billion kWh (2005)
Exchange Rates
Canadian dollars per US dollar - 1.0724 (2007), 1.1334 (2006), 1.2118 (2005), 1.301 (2004), 1.4011 (2003)
Exports Commodities
motor vehicles and parts, industrial machinery, aircraft, telecommunications equipment; chemicals, plastics, fertilizers; wood pulp, timber, crude petroleum, natural gas, electricity, aluminum
Exports Partners
US 79%, UK 2.8%, China 2.1% (2006)
Exports
$433.1 billion f.o.b. (2007 est.)
Fiscal Year
1 April - 31 March
GDP Composition By Sector
agriculture: 2.1% industry: 28.8% services: 69.1% (2007 est.)
GDP Per Capita
$38,400 (2007 est.)
GDP Real Growth
2.7% (2007 est.)
GDP Official Exchange Rate
$1.432 trillion (2007 est.)
GDP Purchasing Power Parity
$1.266 trillion (2007 est.)
Household Income
lowest 10%: 2.6% highest 10%: 24.8% (2000)
Imports Commodities
machinery and equipment, motor vehicles and parts, crude oil, chemicals, electricity, durable consumer goods
Imports Partners
US 55.1%, China 9.4%, Mexico 4.2% (2006)
Imports
$386.9 billion f.o.b. (2007 est.)
Industries
transportation equipment, chemicals, processed and unprocessed minerals, food products, wood and paper products, fish products, petroleum and natural gas Industrial production growth rate: 0.3% (2007 est.)
Inflation Rate Consumer Prices
2.1% (2007 est.)
Investment Gross Fixed
22.8% of GDP (2007 est.)
Labor Force By Occupation
agriculture 2%, manufacturing 13%, construction 6%, services 76%, other 3% (2006)
Labor Force
17.95 million (2007 est.)
Market Value Of Publicly Traded Shares
$1.481 trillion (2005)
Natural Gas Consumption
92.76 billion cu m (2005 est.)
Natural Gas Exports
101.9 billion cu m (2005 est.)
Natural Gas Imports
9.403 billion cu m (2005)
Natural Gas Production
178.2 billion cu m (2005 est.)
Natural Gas Proved Reserves
1.537 trillion cu m (1 January 2006 est.)
Oil consumption
2.29 million bbl/day (2005)
Oil exports
2.274 million bbl/day (2004)
Oil imports
1.185 million bbl/day (2004)
Oil production
3.092 million bbl/day (2005)
Oil proved reserves
178.8 billion bbl note: includes oil sands (1 January 2006 est.)
Population below poverty line
10.8%; 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 (2005)
Public debt
68.5% of GDP (2007 est.)
Stock of direct foreign investment abroad
$514.7 billion (2007 est.)
Unemployment rate
6% (2007 est.)
Source: CIA World Factbook


ExportCanada.com
Join Us
About Us
Contact Us
Our Network
Member Benefits
First Time Visitors
Our Partners
Affiliate Program
FAQs
Country Information
Entry Visa Requirement
Embassy & Consulate Locator
Find Canadian Diplomatic & Consular Services Abroad
Find Foreign Diplomatic & Consular Services in Canada
Map of Canada
Airports
Banks
Trading Tools
Trade Wizards
Landed Cost Calculator
Product Classification
Regulatory Controls
Trade Party Screening
Document Determination
Transaction Wizard
Trade Alerts
Trade Glossary
Government Links
Official Website
Foreign Affairs
Statistics
Central Bank
Customs & Tariff
Tariff Schedule
Tax Description
New Look
Government Procurement
Finance
 
Copyright © 2010 ExportTradingNetwork.com. All rights reserved Your use of this website is subject to, and constitute acknowledgement and acceptance of our Terms & Condition