As per International Monetary Fund (IMF) Canada’s real gross domestic product is expected to grow at a CAGR of 1.8% from it’s 2015 level of CAD 1770.20 billion and reach CAD 2005.13 billionby 2022.
Canada, is a country in North America consisting of 10 provinces and 3 territories. Located in the northern part of the continent, it extends from the Atlantic to the Pacific and northward into the Arctic Ocean. At 9.98 million sq km in total, Canada is the world’s second-largest country by total area, and its common border with the United States is the world’s longest land border shared by the same two countries.
Canada had estimated population of 36.229 million in the year 2016 and expected to reach 38.757 million by 2022. Canada’s 18.083 million was employed in 2016 and the unemployment rate was 7% of total labor force.
Canada’s real gross domestic product (GDP) was around CAD 1795.56 billions in 2016 whereas the nominal GDP was CAD 2026.83 billions. This resulted in GDP deflator 112.88. Per capita GDP was estimated at USD 42210.13 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 46437.16.
The output gap for Canada in 2016 was negative at 0.939% of the potential GDP it is expected to grow at a CAGR of 180.68% and reach 0.19% of the potential GDP.
In 2016, Canadian government’s revenue was CAD 786.772 billions whereas the expenditure was CAD 826.202 billions. This resulted Canadian government’s net lending / borrowing negative at CAD 39.43 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Canada was estimated to be negative at USD 51.075 billions for the year 2016 and is expected to decrease at a CAGR of 5.86% and reach USD 34.594 by 2022. This negative current account balance indicates the Canada is net borrower from the whole world.
The newly launched market research reports featuring Canada’s PESTEL analysis, SWOT analysis and Risk analysis are aimed at providing insights about Canadian economy and market.
Scope of the Canada PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Canada.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Canada.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Canada.
- These reports provide risk analysis for Canada.
For more information and to purchase Canada PESTEL Analysis Market Research Report please visit: http://www.marketresearchreports.com/market-research-reports-inc/canada-pestel-analysis-market-research-report
For more information and to purchase CanadaSWOT Analysis Market Research Report please visit:http://www.marketresearchreports.com/market-research-reports-inc/canada-swot-analysis-market-research-report
For more information and to purchase CanadaRisk Analysis Market Research Report please visit:
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