Economy
Canada is a high-tech industrial society that has trillions of dollars. Economy wise, Canada resembles the US on a level of market-oriented economic system, pattern of production, and affluent living standards. A huge growth of manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban since World War II. The United States is Canada's principle trading partner ever since US-Canada Free Trade Agreement in 1989, and the 1994 North American Free Trade Agreement (includes Mexico), and now there is a huge increase in trade and economic integration.
Canada has a substantial trade surplus with the US, which absorbs roughly 3/4 of Canadian exports each year. Canada is America's largest supplier of things from energy to oil to gas to uranium to electric power.
In 2012, according to the CIA World Factbook, the GDP per capita (PPP) was $43,400 in 2012, and the composition is 55.8% on household products, 21.7% government consumption, 24% investment in fixed capital, 0.4% in investment in inventories, 39% exported goods and services, and -32% from imports of goods and services. Agriculture makes up of 1.7 of Canada's economy money, while industry makes up of 28.5%, and services make up 69.8% in 2012. Labor for these areas are as follows: (Please note that these statistics were taken in 2006, and may slightly change. This is for reference only.)
Agriculture- 2%
Manufacturing- 13%
Construction- 6%
Services- 76%
Other- 3%
In 2012 the labor force was 18.89 million.
Taxes is 37.5% of Canada's GDP and compared to the world, Canada is in 54th place in this category. The revenue is $682.5 billion, and expenditures are $749.5 billion.
PS. For those who want to plan a trip to Canada, the exchange rate is .9992 per US dollar in the 2012. (Please note that this might of changed slightly. For reference in 2011 the exchange rate was .9895 for 1 US dollar, and in 2010 the exchange rate was 1.0302 per US dollar.)
Canada has a substantial trade surplus with the US, which absorbs roughly 3/4 of Canadian exports each year. Canada is America's largest supplier of things from energy to oil to gas to uranium to electric power.
In 2012, according to the CIA World Factbook, the GDP per capita (PPP) was $43,400 in 2012, and the composition is 55.8% on household products, 21.7% government consumption, 24% investment in fixed capital, 0.4% in investment in inventories, 39% exported goods and services, and -32% from imports of goods and services. Agriculture makes up of 1.7 of Canada's economy money, while industry makes up of 28.5%, and services make up 69.8% in 2012. Labor for these areas are as follows: (Please note that these statistics were taken in 2006, and may slightly change. This is for reference only.)
Agriculture- 2%
Manufacturing- 13%
Construction- 6%
Services- 76%
Other- 3%
In 2012 the labor force was 18.89 million.
Taxes is 37.5% of Canada's GDP and compared to the world, Canada is in 54th place in this category. The revenue is $682.5 billion, and expenditures are $749.5 billion.
PS. For those who want to plan a trip to Canada, the exchange rate is .9992 per US dollar in the 2012. (Please note that this might of changed slightly. For reference in 2011 the exchange rate was .9895 for 1 US dollar, and in 2010 the exchange rate was 1.0302 per US dollar.)
Imports and Exports
As for exports, Canada gets $462.9 billion, and ranks #13 in the world!
Canada's trading partners are the US with 74.5% of trade, China with 4.3%, and the UK with 4.1% is 2012.
Canada exports the following:
Motor
vehicles and parts
Industrial
machinery
Aircraft
Telecommunications
equipment
Chemicals
Plastics
Fertilizers
Wood
puip
Timber
Crude petroleum
Natural
gas
Aluminum
For imports, Canada
retrieves $474.8 billion, and ranks 11th place in the world.
Canada's trading partners in this category is, coming in first, the US with 50.6%, comming in second is China with 11%, and last and with the least, is Mexico with 5.5% in 2012.
Canada imports the following:
Machinery and equipment
Motor vehicles and parts
Crude oil
Electricity
Durable consumer goods
Canada's trading partners are the US with 74.5% of trade, China with 4.3%, and the UK with 4.1% is 2012.
Canada exports the following:
Motor
vehicles and parts
Industrial
machinery
Aircraft
Telecommunications
equipment
Chemicals
Plastics
Fertilizers
Wood
puip
Timber
Crude petroleum
Natural
gas
Aluminum
For imports, Canada
retrieves $474.8 billion, and ranks 11th place in the world.
Canada's trading partners in this category is, coming in first, the US with 50.6%, comming in second is China with 11%, and last and with the least, is Mexico with 5.5% in 2012.
Canada imports the following:
Machinery and equipment
Motor vehicles and parts
Crude oil
Electricity
Durable consumer goods
Agricultural Products:
Wheat
Barley
Oilseed
Tobacco
Fruits
Vegetables
Dairy
Fish
Forest
products
Barley
Oilseed
Tobacco
Fruits
Vegetables
Dairy
Fish
Forest
products
Industries:
Transportation equipment
Chemical
Processed/unprocessed minerals
Food products
Wood/Paper products
Fish products
Petroleum and natural gasses
Chemical
Processed/unprocessed minerals
Food products
Wood/Paper products
Fish products
Petroleum and natural gasses