Canada Economic Data
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Canadian economy has been experiencing growth for some years now. But global economic crisis has affected Canada’s GDP growth rate and has caused an economic slowdown for this nation. A look at some of available Canada economic data may present a more clear picture of this nation’s economy.
Canada GDP
Canadian economy has been experiencing growth for some years now. But global economic crisis has affected Canada’s GDP growth rate and has caused an economic slowdown for this nation. A look at some of available Canada economic data may present a more clear picture of this nation’s economy.
Canada GDP
From 2005-2008, Canada GDP experienced an average growth rate of 2.4 percent. But in 2007 and 2008, Canada’s gross domestic product growth reached about 2.7 percent. This growth has been despite pressures imposed on Canada’s economy by global economic crisis. By end of 3rd quarter 2008, Canada’s gross domestic product (market prices) had risen to about $1,639.5 billion.
Canada exports and imports
Canadian economic data also reveals growth in exports and imports of this country. Estimates indicate that total exports in Canada were worth around $440 billion in 2008, that was an increase of over 8.76 percent as compared to previous year figures. United States of America accounts for more than 80 percent of Canadian exports. Merchandise exports in Canada amounted to about $43.5 billion in 2008.
Canada import figures have not been any less impressive in recent times. In 2008, Canadian imports were worth an estimated $390 billion. If that estimation holds true, then Canada exports would have risen by about 11.66 percent. Merchandise imports amounted to about $39.7 billion in 2008.
Canada inflation
Inflation in Canada (consumer prices) was around 2.40 percent in 2008,an increase of about 0.4 percent. Government measures have been able to prevent inflation rate from shooting up in 2008.
Unemployment in Canada
Unemployment rate in Canada decreased by 0.50 percent, as per CIA estimates of 2007, and stood at about 5.90 percent. Total employment figure had crossed 17.1 million in 2008. That was an improvement of over 0.8 percent from previous year employment figures.
