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Canada's real estate market is the backbone of the economy, comprising over 13% of the GDP by sector in 2020. In 2021, housing investment accounted for 21% of national wealth. [ 103 ] The commoditization of shelter in Canada is thought to undermine free-market capitalism by strictly controlling the demand and supply of housing in order produce ...
While Canada's ten provinces and three territories exhibit high per capita GDPs, there is wide variation among them. Ontario, the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States.
Nominal GDP sector composition, 2015 (in millions of 2005 USD): [5] [6] 2005 prices are used similarly to 2010 constant prices in which they provide economic statistics where inflation is accounted for.
Quebec's economy has undergone tremendous changes. [14] Firmly grounded in the knowledge economy, Quebec has one of the highest growth rate of GDP in Canada. The knowledge sector represents about 31% of Quebec's GDP. [15] In 2011, Quebec experienced faster growth of its research-and-development (R&D) spending than other Canadian provinces. [16]
The following is a list of the top 20 exports of Canada. Data is for 2012, in millions of United States dollars , as reported by The Observatory of Economic Complexity . Trade item
The Toronto-Dominion Centre in Toronto. The economy of Ontario is diversified.Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3]
British Columbia is alive with scientific innovation and features one of the fastest growing life sciences sectors in Canada, home to approximately 1,300 companies. The number of life sciences businesses based in the province grew by 26.5% between 2018 and 2021. The sector is characterized by a supportive and cohesive ecosystem of talent ...
Canada is the world's eighth-largest economy as of 2022, with a nominal GDP of approximately US$2.2 trillion. [1] It is a member of the Organisation for Economic Co-operation and Development (OECD) and the Group of Seven (G7), and is one of the world's top ten trading nations , with a highly globalized economy.