Analysis in Brief
Exploring the significance of Asia’s corporate control in Canada

by Pamela Kinga Gill

Release date: June 11, 2019

Purpose

This paper aims to provide finer details on foreign corporate control in Canada, with a focus on Asia. New information is presented across five industry breakdowns: manufacturing, distributive trades, financial services, resources and mining, and a residual category which includes a composite of all remaining corporate sectors in the Canadian economy.

Methods

These findings are based on data collected by Statistics Canada via the Corporations Returns Act. Statistics Canada administers this Act and requires that all corporations in Canada above asset, revenue and/or foreign equity thresholds report ownership details on an annual frequency. The Annual Financial and Taxation Statistics in turn provide the financial measures of foreign control published in this paper.

The North American Industry Classification (NAICS) is used in identifying in which industry sector an enterprise will be classified. The appropriate NAICS is appended to an enterprise based on its principal economic activity, even if the enterprise operates across multiple industry sectors. For analysis purposes all available NAICS codes were clustered into five sectoral breakdowns to inform on new detail published in this paper.

Review of earlier findings on foreign control in Canada

Over the decade starting in 2007, foreign-controlled assets in the Canadian corporate economy grew 42.6% to reach a high of nearly two trillion dollars in 2016. In a paper published by Statistics CanadaNote 1 highlighting these findings, a key insight into the changing trends of foreign control in Canada illustrated how the share of foreign-owned assets in the Americas and Europe macro-regions fell between 2007 and 2016, while the macro-region of Asia saw its share increase.

Key findings with new detail

While foreign control from Asia has grown fast, its relative size in the Canadian economy remains small. Chart 1.1 shows the share of total foreign control in Canada across the macro-regions for the years 2007 and 2016. In 2007, enterprises controlled from Asia accounted for 7.6% of total assets under foreign control, with this figure increasing to 12.3% ten years later. The combined macro-regions of Oceania and Antarctica and its adjacent islands are the only other grouping to have increased their share over the same period. However, due to the fact that these macro-regions make up less than 2.0% of the foreign control total in Canada for 2016, they are omitted from further analysis in this paper.

Chart 1.1: Share of total assets under foreign control by macro-region

Data table for Chart 1.1 
Data table for Chart 1.1
Table summary
This table displays the results of Data table for Chart 1.1 2007 and 2016, calculated using percent units of measure (appearing as column headers).
2007 2016
percent
Americas 57.5 54.1
Europe 34.1 32.0
Asia 7.6 12.3
Oceania and Antarctica 0.6 1.5
Africa 0.2 0.1

Foreign control from Asia

At the country level, Japanese enterprises are the largest contributor to foreign control from Asia, making up 5.0% of the total. Meanwhile, Chinese enterprises have seen their share grow the fastest to 2.0% in 2016, a jump from the previously held 0.1% in 2007. Chart 1.2 shows the share of control from Asia by select countries in the region.

The residual grouping given in Chart 1.2 labeled ‘Other Asia’ includes, amongst other jurisdictions, both Hong Kong and Macau Special Administration Region of China. For a complete list of countries included in the Asia macro-region as defined by the Standard Classification of Countries and Areas of Interest (SCCAI 2017), please refer to Appendix A.

Chart 1.2: Share of total assets under foreign control in Canada by selected country

Data table for Chart 1.2 
Data table for Chart 1.2
Table summary
This table displays the results of Data table for Chart 1.2 2007 and 2016, calculated using percent units of measure (appearing as column headers).
2007 2016
percent
ChinaData table Note 1 0.05 1.99
South Korea 0.11 0.51
JapanData table Note 2 3.81 5.02
India 0.46 0.84
Other Asia 3.20 3.95

This paper expands the findings on foreign control in Canada by providing new detail on the distribution and volume of corporate control activity, with a focus on Asia. Data tables showing these new statistics for the macro-regions of Asia, Europe, and the Americas for 2009 and 2016 are provided in Appendix B. These time periods were chosen in order to maximize available data while respecting confidentiality guidelines.

Chart 1.3 shows Asia’s control of Canadian corporations across the five industry groups for 2009 and 2016. This chart highlights the concentration of control in Canada’s resources and mining sector, which represents 35.5% of total assets from the region in 2016, an increase from the previously held 27.2% in 2009. The financial services sector is the second largest source of Asia’s share of control, increasing only marginally over the time period to make up 28.2% of the region’s total assets for 2016.

Chart 1.3: Share of total assets under Asian control by industry grouping

Data table for Chart 1.3 
Data table for Chart 1.3
Table summary
This table displays the results of Data table for Chart 1.3 Distributive trades, Financial services, Manufacturing, Resources and mining and Other, calculated using percent units of measure (appearing as column headers).
Distributive trades Financial services Manufacturing Resources and mining Other
percent
2009 12.3 27.6 23.1 27.2 9.8
2016 11.4 28.2 17.7 35.5 7.3

The distribution of control across the five industry groups is compared with the rest of the world in Chart 1.4. Shown below, Asia remains less influential than its counterparts per breakdown, especially when compared against the Americas whose influence is largest due to the proximity and historical trade relationship between Canada and the United States.

Most recent data shows how foreign control by macro-region is more evenly distributed in Canada’s resources and mining for 2016 when compared to the distributions for other sectors which are much more skewed towards the Americas. This is especially noteworthy in the context of Asia’s recent growth in foreign control; Asia’s ownership of total assets in the resources and mining sector nearly doubled from 15.9% in 2009 to 26.2% in 2016.

Chart 1.4: Distribution of assets under foreign control by sector, 2009 and 2016

Data table for Chart 1.4 
Data table for Chart 1.4
Table summary
This table displays the results of Data table for Chart 1.4 Manufacturing, Distributive
trades, Financial services, Resources and mining and Other, calculated using percent units of measure (appearing as column headers).
Manufacturing Distributive
trades
Financial services Resources and mining Other
percent
2009
Americas 56.7 63.1 45.6 58.2 58.4
Europe 36.0 25.9 46.9 23.3 30.9
Asia 7.0 10.7 6.9 15.9 8.4
Rest of world 0.4 0.3 0.6 2.6 2.3
2016
Americas 57.1 69.3 48.4 42.1 61.3
Europe 32.7 21.5 39.1 29.1 28.6
Asia 9.4 8.9 10.4 26.2 8.0
Rest of world 0.8 0.2 2.1 2.6 2.1

Chart 1.5 illustrates Asia’s growing influence with a breakdown of total assets from the region, in nominal terms, across each of the five industry groups for the period 2009 to 2016. It highlights the sharp increase in Asia’s ownership of asset in resources and mining which begins in 2010 followed by a more gradual increase in ownership of assets in the financial services sector.

Chart 1.5: Total assets controlled by Asia per sector

Data table for Chart 1.5 
Data table for Chart 1.5
Table summary
This table displays the results of Data table for Chart 1.5 Distributive trades, Financial resources, Manufacturing, Resources and mining and Other, calculated using billions (CND) units of measure (appearing as column headers).
Distributive trades Financial resources Manufacturing Resources and mining Other
billions (CND)
2016 27,911,021 68,954,446 43,387,385 86,925,894 17,766,434
2015 23,202,262 78,488,133 43,993,861 89,096,201 14,612,004
2014 21,237,291 67,371,497 38,159,331 97,016,327 12,208,307
2013 19,898,691 58,910,821 34,215,635 92,062,450 11,096,039
2012 19,405,605 51,892,671 33,084,752 77,130,868 10,614,235
2011 18,017,430 41,652,571 31,258,897 69,259,135 17,125,785
2010 17,398,425 36,802,480 29,963,100 38,139,973 13,186,029
2009 15,629,269 35,088,009 29,395,898 34,602,717 12,485,531

To see how individual countries in Asia have contributed over time to the overall levels of foreign-controlled assets in Canada, see Chart 1.6 below.

Chart 1.6 illustrates Japan as the largest contributor to control from the region, followed by the residual category. It also shows how China’s relative significance has increased sharply in the time period. Asia’s share of foreign control in Canada grew from 7.6% to 12.3% over the ten years ending in 2016. Of this growth, China contributed 1.9%, Japan 1.2%, and the rest of Asia (which includes Hong Kong and Macau) the remaining 1.6%. Of Asia’s foreign controlled assets, China controls the second highest level followed by India and South Korea.

Chart 1.6: Total assets controlled from Asia, by country

Data table for Chart 1.6 
Data table for Chart 1.6
Table summary
This table displays the results of Data table for Chart 1.6 China, India, South Korea, Japan and Other Asia, calculated using CDN (in billions) units of measure (appearing as column headers).
China India South Korea Japan Other Asia
CDN (in billions)
2007 737,418 6,359,571 1,552,158 52,760,634 44,338,246
2008 711,401 10,990,561 2,055,600 56,889,368 49,787,900
2009 1,095,786 9,805,622 6,815,208 58,495,240 50,989,568
2010 4,637,430 9,330,126 7,163,406 59,058,147 55,300,898
2011 23,623,916 10,179,212 9,836,785 62,831,326 70,842,579
2012 23,417,332 13,178,103 10,547,221 73,548,690 71,436,785
2013 37,106,668 13,256,016 11,002,594 78,554,116 76,264,242
2014 39,296,146 14,739,112 11,488,687 90,510,774 79,958,034
2015 36,152,375 18,565,040 9,741,873 103,709,287 81,223,886
2016 39,599,706 16,746,528 10,230,763 99,773,502 78,594,681

China’s growth in foreign control is most interesting given the country’s steep increase from a 0.1% share in 2007 up to 2.0% by 2016. To better illustrate this growth, Chart 1.7 shows the percentage change in year-over-year growth of China’s control in Canadian enterprises as measured by the level of total assets owned from 2008 to 2016.

The remainder of this paper will focus on Asia’s control in resources and mining in Canada, with an emphasis on China.

Chart 1.7: Year-over-year growth in total assets under foreign control for China

Data table for Chart 1.7 
Data table for Chart 1.7
Table summary
This table displays the results of Data table for Chart 1.7 Year over year change in China's total assets, calculated using percent units of measure (appearing as column headers).
Year over year change in China's total assets
percent
2016 9.5
2015 -8.0
2014 5.9
2013 58.5
2012 -0.9
2011 409.4
2010 323.2
2009 54.0
2008 -3.5
2007 0.0

Asia’s share of foreign ownership in Canada’s resources and mining sector

For the purpose of this paper, the resources and mining industry group is composed of the following NAICS 2017 industry classes: agriculture, forestry, fishing and hunting (NAICS 11); and mining, quarrying, and oil and gas extraction (NAICS 21).

Resources and mining as a share of Asia’s total foreign control

Asia’s share of foreign-controlled assets in resources and mining relative to its share of overall foreign control in Canada is shown below in Chart 2.1.

Chart 2.1: Asian-controlled assets: Resources and mining vs All industries

Data table for Chart 2.1 
Data table for Chart 2.1
Table summary
This table displays the results of Data table for Chart 2.1 Resources and mining and All industries, calculated using percent units of measure (appearing as column headers).
Resources and mining All industries
percent
2016 4.4 12.3
2015 4.5 12.7
2014 5.0 12.1
2013 5.0 11.7
2012 4.3 10.8
2011 4.1 10.5
2010 2.5 8.9
2009 2.4 8.8

Asia’s share of resources and mining as a proportion of total foreign control in the sector

In 2016, Asia controlled 26.2%, or $89.6 billion, of total assets under foreign-control in the resources and mining sector, an increase of 10.3% from 2009 to 2016. Chart 2.2 shows the distribution of shares of total foreign control within resources and mining in Canada by macro region. A data table breaking down each grouping’s relative contribution to Asia’s share of total foreign control in Canada is provided in Appendix C.

Chart 2.2: Share of assets under foreign control in resources and mining, by macro-region

Data table for Chart 2.2 
Data table for Chart 2.2
Table summary
This table displays the results of Data table for Chart 2.2 Asia, Europe, Americas and Rest of world, calculated using percent units of measure (appearing as column headers).
Asia Europe Americas Rest of world
percent
2009 15.9 23.3 58.2 2.6
2016 26.2 29.1 42.1 2.6

Over the period of 2009 to 2016, Asia’s total asset level in the grouping grew to almost match the level held by Europe in 2016. In contrast, the Americas witnessed a decline of 16.1% in their share of the foreign control in Canada’s resources and mining sector. Asia’s rapid growth in resources and mining is discussed in greater detail below.

Resources and mining

The majority of assets controlled by the Asia region in the resources and mining grouping are made up of operations in oil and gas extraction as well as support activities involved in mining, and oil and gas extraction. Other sub-industries such as crop production, forestry and logging, and animal production all play a role in Asia’s ownership of assets in Canada, but are not key drivers of growth within the grouping. Chart 2.3 shows the share of total foreign control in resources and mining by country in Asia; only China and Japan are shown for 2011 to 2016 due to the confidentiality of data in detailing other countries and years.

Chart 2.3: Share of total assets under foreign control in resources and mining, by select country in Asia

Data table for Chart 2.3 
Data table for Chart 2.3
Table summary
This table displays the results of Data table for Chart 2.3 China, Japan, Rest of Asia and Total Asia, calculated using percent units of measure (appearing as column headers).
China Japan Rest of Asia Total Asia
percent
2016 8.7 1.2 16.3 26.2
2015 8.2 1.1 16.8 26.1
2014 9.6 1.0 19.8 30.4
2013 8.8 1.1 18.8 28.7
2012 5.8 1.2 19.7 26.7
2011 6.2 0.7 17.5 24.4

As shown previously, Japan dominates foreign control from Asia in Canada, but is less significant in the resources and mining grouping when compared to its regional peers. China is a strong contributor to total foreign control within the resources and mining grouping with its relative share increasing from 6.2% in 2011 to 8.7% in 2016 as compared to Japan’s 0.7% to 1.2%. The combined total assets from the rest of Asia, which includes the Special Administrative Regions of Hong Kong and Macau, represent the greatest proportion of total control from the region with 17.5% in 2011 down slightly to 16.3% in 2016. A data table detailing the shares by country and region, including the Americas and Europe, are given in Appendix D.

Between 2001 and 2013, the Canadian resources industry attracted important foreign investments. This investment position began to appear less attractive as oil prices began to slip in the beginning of 2014. From 2014, a decline in total assets in the resources and mining sector under Asia control is observed. The lower oil price environment appears to have dampened the growth in this sector and may have discouraged large scale acquisitions by Chinese state-owned enterprises.

Chart 2.4: Oil price vs. Asian controlled assets in resources and mining

Data table for Chart 2.4 
Data table for Chart 2.4
Table summary
This table displays the results of Data table for Chart 2.4 2009, 2010, 2011, 2012, 2013, 2014, 2015 and 2016 (appearing as column headers).
2009 2010 2011 2012 2013 2014 2015 2016
Blended price of barrel ($US/bbl) 57 72 87 84 85 83 42 36
Total assets (Resources and mining) under foreign control from Asia (CDN in billions) 34.6 38.1 69.3 77.1 92.1 97.0 89.1 86.9

The decline in the price of crude oil led to a decline in revenues for the oil and gas extraction industry. Conversely, operating expenses increased resulting in marked profit losses for 2015 which carried through into 2016. The value of assets also weakened during that period and new investments stagnated.

Chart 2.5: Comparison of foreign-controlled after-tax profits in resources and mining by macro-region

Data table for Chart 2.5 
Data table for Chart 2.5
Table summary
This table displays the results of Data table for Chart 2.5 Americas, Europe and Asia, calculated using CND (in billions) units of measure (appearing as column headers).
Americas Europe Asia
CND (in billions)
2016 -3.0 -1.4 -2.7
2015 -1.8 -1.1 -3.1
2014 3.8 0.0 2.4
2013 3.8 1.6 2.0
2012 3.1 1.8 1.9
2011 6.9 4.4 2.6
2010 4.5 4.4 1.8
2009 3.0 1.8 2.0

Conclusion

This paper explores the significance of Asia’s growth in foreign control of Canadian corporations from 2007 to 2016. Over the time period studied, the macro-region’s share of foreign control of Canadian corporations grew from 7.6% to 12.3%.

To better understand this trend, this paper provides new level of detail on the distribution and volume of corporate control activity across five new breakdowns. It finds that Asia’s position relative to the rest of the world has become more competitive in the resources and mining sector from 2009 to 2016 and less competitive in all others, as measured by shares of foreign control within each grouping.

Of the 12.3% foreign control from Asia in 2016, Japanese enterprises hold the majority share with 5.0% of control from the region. Chinese enterprises increased their contribution to 2.0% from a previously held 0.1% in 2007. This resulted in making China the leading contributor to the macro-region’s growth in foreign control in Canada over the time period studied. This is mostly due to China’s participation in Canada’s natural resources sector.

An in depth review of Asia’s participation in resources and mining shows that in 2016 Asia controlled 26.2%, or $89.6 billion, of total assets under foreign-control, an increase of 10.3% from 2009. China makes up 8.7% of the foreign control total within the sector in 2016 up from 6.2% in 2011. This compares to Japan’s 0.7% in 2011 to 1.2% in 2016. The combined total assets from the rest of Asia in Canada’s resources and mining, which includes the Special Administrative Regions of Hong Kong and Macau, represent the greatest proportion of total control from the region with 17.5% in 2011 down slightly to 16.3% in 2016.

The majority of total assets controlled by the Asia region in the resources and mining are made up of operations in oil and gas extraction, as well as support activities involved in mining, and oil and gas extraction.

References

Gill, P. K. (2018). New findings on who controls Canadian corporations and how this has changed over 10 years: 2007 - 2016. Statistics Canada, Industrial Organization and Finance Division. Ottawa: Statistics Canada.

Appendix Tables

Appendix A

List of countries in the Standard Classification of Countries and Areas of Interest (SCCAI 2016) structure for Asia

Afghanistan
United Arab Emirates
Armenia
Azerbaijan
Bangladesh
Bahrain
Brunei Darussalam
Bhutan
China
Cyprus
Georgia
Hong Kong Special Administrative Region
Indonesia

India
British Indian Ocean Territory
Iran
Iraq
Israel
Jordan
Japan
Kazakhstan
Kyrgyzstan
Cambodia
Korea, South
Kuwait
Laos

Lebanon
Sri Lanka
Macao Special Administrative Region
Maldives
Burma (Myanmar)
Mongolia
Malaysia
Nepal
Oman
Pakistan
Philippines
Korea, North
West Bank and Gaza Strip (Palestine)

Qatar
Saudi Arabia
Singapore
Syria
Thailand
Tajikistan
Turkmenistan
Timor-Leste
Turkey
Taiwan
Uzbekistan
Viet Nam
Yemen

Appendix B


Table B.1
Share of total assets under foreign control by contributing region per sector
Table summary
This table displays the results of Shares of foreign control by contributing region per sector Manufacturing, Distributive trades, Financial services, Resources and mining and Other, calculated using percent units of measure (appearing as column headers).
Manufacturing Distributive trades Financial services Resources and mining Other
percent
2009
Americas 56.7 63.1 45.6 58.2 58.4
Europe 36.0 25.9 46.9 23.3 30.9
Asia 7.0 10.7 6.9 15.9 8.4
Rest of world 0.4 0.3 0.6 2.6 2.3
Total foreign 100.0 100.0 100.0 100.0 100.0
2016
Americas 57.1 69.3 48.4 42.1 61.3
Europe 32.7 21.5 39.1 29.1 28.6
Asia 9.4 8.9 10.4 26.2 8.0
Rest of world 0.8 0.2 2.1 2.6 2.1
Total foreign 100.0 100.0 100.0 100.0 100.0

Appendix C


Table C.1
Share of foreign assets under Asian control
Table summary
This table displays the results of Share of foreign assets under Asian control. The information is grouped by Year (appearing as row headers), Manufacturing, Distributive trades, Financial resources, Resources and mining, Other and Total Asia, calculated using percent units of measure (appearing as column headers).
Year Manufacturing Distributive trades Financial resources Resources and mining Other Total Asia
percent
2016 2.2 1.4 3.5 4.4 0.9 12.3
2015 2.2 1.2 4.0 4.5 0.7 12.7
2014 2.0 1.1 3.5 5.0 0.6 12.1
2013 1.8 1.1 3.2 5.0 0.6 11.7
2012 1.9 1.1 2.9 4.3 0.6 10.8
2011 1.8 1.1 2.5 4.1 1.0 10.5
2010 2.0 1.1 2.4 2.5 0.9 8.9
2009 2.0 1.1 2.4 2.4 0.9 8.8

Appendix D


Table D.1
Shares of total assets under foreign control by macro-region
Table summary
This table displays the results of Shares of total assets under foreign control by macro-region China, Japan, Rest of Asia, Asia, Europe, Americas, Rest of World and Total Foreign, calculated using percent units of measure (appearing as column headers).
China Japan Rest of Asia Asia Europe Americas Rest of World Total Foreign
percent
Manufacturing
2016 0.2 4.8 4.4 9.4 32.7 57.1 0.8 100.0
2015 0.2 4.8 4.8 9.8 33.5 55.8 0.9 100.0
2014 0.2 4.5 3.9 8.6 33.3 57.2 0.8 100.0
2013 0.2 4.0 3.9 8.0 33.4 57.8 0.8 100.0
2012 x 3.9 3.8 7.8 34.3 57.2 0.7 100.0
2011 x 3.8 3.6 7.5 34.7 57.3 0.6 100.0
2010 x 3.7 3.4 7.2 34.9 57.4 0.6 100.0
2009 x 3.7 3.2 7.0 36.0 56.7 0.4 100.0
2008 x 3.8 2.8 6.5 37.4 55.7 0.4 100.0
2007 x 4.0 2.1 6.1 29.7 63.9 0.3 100.0
Distributive trades
2016 0.7 6.9 1.3 8.9 21.5 69.3 0.2 100.0
2015 0.7 6.3 1.3 8.3 20.8 70.7 0.2 100.0
2014 0.3 6.9 1.3 8.5 22.7 68.6 0.3 100.0
2013 0.2 7.5 1.5 9.2 22.6 67.8 0.5 100.0
2012 0.1 7.6 1.4 9.1 25.1 65.2 0.6 100.0
2011 0.2 8.2 1.3 9.6 23.1 66.6 0.6 100.0
2010 0.1 9.0 1.5 10.6 25.6 63.5 0.3 100.0
2009 0.1 9.0 1.6 10.7 25.9 63.1 0.3 100.0
2008 x 8.3 1.6 9.9 23.6 66.1 0.3 100.0
2007 0.1 8.8 1.2 10.1 26.3 63.3 0.3 100.0
Financial services
2016 0.9 6.8 2.7 10.4 39.1 48.4 2.1 100.0
2015 0.8 8.4 2.8 12.0 39.5 47.3 1.1 100.0
2014 0.9 6.3 2.2 9.4 47.3 42.2 1.1 100.0
2013 1.1 5.5 2.1 8.6 48.9 41.0 1.5 100.0
2012 0.9 5.2 1.9 8.0 48.3 42.0 1.7 100.0
2011 0.8 4.1 1.7 6.7 52.6 39.5 1.2 100.0
2010 0.7 4.4 1.7 6.9 47.8 44.4 0.9 100.0
2009 Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act 6.9 46.9 45.6 0.6 100.0
2008 Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act 6.6 44.7 48.5 0.3 100.0
2007 Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act 5.8 45.1 49.0 0.1 100.0
Resources and mining
2016 8.7 1.2 16.3 26.2 29.1 42.1 2.6 100.0
2015 8.2 1.1 16.8 26.1 28.0 43.5 2.4 100.0
2014 9.6 1.0 19.8 30.4 17.9 49.0 2.7 100.0
2013 8.8 1.1 18.8 28.7 20.0 48.7 2.6 100.0
2012 5.8 1.2 19.7 26.7 22.6 48.1 2.6 100.0
2011 6.2 0.7 17.5 24.4 21.4 51.6 2.6 100.0
2010 Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act 16.3 22.0 59.3 2.4 100.0
2009 Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act 15.9 23.3 58.2 2.6 100.0
2008 Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act
2007 Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act Note x: suppressed to meet the confidentiality requirements of the Statistics Act
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