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    Canada Index 2006

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    Canada Economy - 2006
    https://theodora.com/wfbcurrent/canada/canada_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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 how to manage the rising cost of the publicly funded healthcare system. Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the US, which absorbs more than 85% of Canadian exports. Canada is the US' largest foreign supplier of energy, including oil, gas, uranium, and electric power.

      GDP (purchasing power parity):
      $1.08 trillion (2005 est.)

      GDP (official exchange rate):
      $1.023 trillion (2005 est.)

      GDP - real growth rate:
      2.9% (2005 est.)

      GDP - per capita (PPP):
      $32,900 (2005 est.)

      GDP - composition by sector:
      agriculture: 2.2%
      industry: 29.1%
      services: 68.7% (2005 est.)

      Labor force:
      16.3 million (December 2005)

      Labor force - by occupation:
      agriculture 2%, manufacturing 14%, construction 5%, services 75%, other 3% (2004)

      Unemployment rate:
      6.8% (2005 est.)

      Population below poverty line:
      15.9%; 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 (2003)

      Household income or consumption by percentage share:
      lowest 10%: 2.8%
      highest 10%: 23.8% (1994)

      Distribution of family income - Gini index:
      33.1 (1998)

      Inflation rate (consumer prices):
      2.2% (2005)

      Investment (gross fixed):
      20.2% of GDP (2005 est.)

      Budget:
      revenues: $159.6 billion
      expenditures: $152.6 billion; including capital expenditures of $NA (2004)

      Public debt:
      38.7% of GDP (2004-2005)

      Agriculture - products:
      wheat, barley, oilseed, tobacco, fruits, vegetables; dairy products; forest products; fish

      Industries:
      transportation equipment, chemicals, processed and unprocessed minerals, food products, wood and paper products, fish products, petroleum and natural gas

      Industrial production growth rate:
      2.9% (2005 est.)

      Electricity - production:
      566.3 billion kWh (2003)

      Electricity - consumption:
      520.9 billion kWh (2003)

      Electricity - exports:
      22 billion kWh (2004)

      Electricity - imports:
      33 billion kWh (2004)

      Oil - production:
      2.4 million bbl/day (2004)

      Oil - consumption:
      2.3 million bbl/day (2004)

      Oil - exports:
      1.6 million bbl/day (2004)

      Oil - imports:
      963,000 bbl/day (2004)

      Oil - proved reserves:
      178.9 billion bbl
      note: includes oil sands (2004 est.)

      Natural gas - production:
      165.8 billion cu m (2003 est.)

      Natural gas - consumption:
      90.95 billion cu m (2003 est.)

      Natural gas - exports:
      91.52 billion cu m (2003 est.)

      Natural gas - imports:
      8.73 billion cu m (2003 est.)

      Natural gas - proved reserves:
      1.673 trillion cu m (2004)

      Current account balance:
      $16.89 billion (2005 est.)

      Exports:
      $364.8 billion f.o.b. (2005 est.)

      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 85.1%, Japan 2.1%, UK 1.6% (2004)

      Imports:
      $317.7 billion f.o.b. (2005 est.)

      Imports - commodities:
      machinery and equipment, motor vehicles and parts, crude oil, chemicals, electricity, durable consumer goods

      Imports - partners:
      US 58.9%, China 6.8%, Mexico 3.8% (2004)

      Reserves of foreign exchange and gold:
      $33 billion (31 December 2005)

      Debt - external:
      $439.8 billion (30 November 2005)

      Economic aid - donor:
      ODA, $2.6 billion (2004)

      Currency (code):
      Canadian dollar (CAD)

      Exchange rates:
      Canadian dollars per US dollar - 1.2118 (2005), 1.301 (2004), 1.4011 (2003), 1.5693 (2002), 1.5488 (2001)

      Fiscal year:
      1 April - 31 March


      NOTE: The information regarding Canada on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Canada Economy 2006 information contained here. All suggestions for corrections of any errors about Canada Economy 2006 should be addressed to the CIA.

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    https://theodora.com/wfbcurrent/canada/canada_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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