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Home >> World Economy >> Canada Economy

Canada Economy


Canada Economy: Demography And Social Indicators

Canada is ranked 35th in the world in terms of population with 32.51 million people residing there in mid 2004. According to data obtained from World Bank Indicators, national growth rate in Canada during 1997-2003 was 0.9 %, more than high-income countries' average growth.

The population density is among the lowest in the world with only 3 persons per sq km, 80% of which live in urban areas. Life expectancy at birth in Canada is 79.3 years, according to (1997-2003) World Bank figures.

Percentage growth of Population in Canada is as follows:

Population growth


Gross primary enrollment, which denotes the percent of school-age population, is 100, 99 for male and 100 for females. All the people have access to safe drinking water. Adult Literacy rate is 99%. Canada is ranked 4th in 177 countries of the world in terms of human development index.

Canadian labour force growth rate of 0.9 % in last six years was higher than that of the other high-income countries' where workforce has grown at a rate of 0.7 % during these years.


Key Economic Indicators: (Canada Economy)

Canada is a member of high-income OECD countries, and has a gross national income of $ 756.9 billion (2003 figure). Standard of living of its population, as measured by the

per capita income, was $ 23930 in 2003, however, in terms of purchasing power parity, it was higher at $ 29740. The growth rate of GDP was 1.8 % in 2003 as against 3.3 % in 2002. The unemployment rate was 7% in 2004.

Canada GDP THE KEY ECONOMIC INDICATORS

The Canadian economy has delivered solid performance for nearly a decade with increased resilience to economic shocks, demonstrating the benefits of a well-designed macroeconomic framework and the pay off from a range of structural reforms implemented since the late 1980s

Solid fiscal management has produced a long-term budget surplus, which is substantially reducing the national debt, although public debate continues over how to manage the rising cost of the publicly funded healthcare system.

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Canada Economic Structure
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