Canada Economic Indicators
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CANSIM, Statistics Canada’s socio-economic database, is one of Canada’s historical economic indicators. Canada economic indicators include information related to gross domestic, government revenue, government expenditure, retail trade, unemployment and employment rate, international trade, manufacturing sector, prices, and finance sector of Canada.
Changes in Canada GDP
By end of 3rd quarter 2008, Canada’s gross GDP (market prices) stood at around $1,639.5 billion. That was a percentage increase of 6.3 percent from previous year figure for same time period. Real Canada GDP at market prices saw a change of 0.5 percent from previous year and was around $1,333 billion.
Government revenue and expenditure
By end of 3rd quarter 2008, government revenue reached $639.7 billion, a change of 2.6 percent from previous year. Current expenditure increased by a percentage of 4.2 and stood at about $605.7 billion. An overall deficit of $34 billion was experienced by Canadian government.
Labor market
By end of November 2008, unemployment rate in Canada rose by 0.4 percent. Total employment figure reached 17.1 million, an increase of 0.8 percent over previous year figure. Labor income in Canada reached $69.5 billion by September 2008, a change of 5.4 percent from previous year. Average weekly earnings saw an improvement of 3.31 percent to reach a figure of $798.57.
International trade
Total merchandise exports amounted to around $43.5 billion by October 2008. This was an 18.1 percent increment over similar period figures for 2007. Total merchandise imports in Canada were worth $39.7 billion, again an improvement of 18 percent. Balance of payments, current account balance rose by 3.9 percent in 3rd quarter 2008.
Prices
For November 2008, consumer price index was 114.1, a change of 2.0 percent from previous year. Base year period was taken as 2002. Industrial product price index changed to 123.0 in October 2008. That was a change of about 9.5 percent from previous year.
Canada economic indicators point out to a robust economy. With global economic meltdown taking its toll on almost all nations, Canada is one nation that is expected to remain above recessionary pressures.
