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A table listing total GDP (expenditure-based), share of Canadian GDP, population, and per capita GDP in 2023. For illustrative purposes, market income (total income less government transfers) [1] per capita from tax returns is included. (The per capita, rather than per tax filer, measure is chosen for comparability with GDP per capita.)
As of 2017, manufacturing accounts for 10% of Canada's GDP, [102] a relative decline of more than 5% of GDP since 2005. Central Canada is home to branch plants to all the major American and Japanese automobile makers and many parts factories owned by Canadian firms such as Magna International and Linamar Corporation .
The economies of Canada and the United States are similar because both are developed countries.While both countries feature in the top ten economies in the world in 2022, the U.S. is the largest economy in the world, with US$24.8 trillion, with Canada ranking ninth at US$2.2 trillion.
Per-capita GDP declined in six out of seven consecutive quarters, falling to 3.1% below 2019 levels. Household spending per person after inflation dropped 2.6% from its post-pandemic peak and remained 2% below pre-pandemic 2019 levels, indicating diminished purchasing power due to elevated prices and interest rates. [29]
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year.
Countries by mean wealth per adult. From 2021 publication of Credit Suisse. Countries by median wealth per adult. From 2021 publication of Credit Suisse. This is a list of countries of the world by wealth per adult, from UBS's Global Wealth Databook. [1] [2] Wealth includes both financial and non-financial assets.
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
Therefore, a person living alone constitutes a household, but not an economic or census family. Two couples sharing a dwelling constitute a single household, but two economic or census families. A couple living with its children and one spouse's parents constitutes a single household or economic family, but two census families.