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Release date: October 17, 2017

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October 17, 2017

Anil Arora
Chief Statistician of Canada

While Statistics Canada has data on virtually every aspect of the Canadian economy – as well as our society and the environment, this presentation focuses on providing some insights on recent trends in the Canadian economy. Statistics Canada publishes a great deal of economic data that is closely studied to understand the extent to which the economy is growing and changing – and how these changes are distributed across provinces, industries and different segments of the population.

1. Current economic trends

Canada is leading the G7 in economic growth in 2017

A line graph of Chart 1 — Description for Chart 1

Real GDP, expenditure-based
index (Q1 2000=100)

Canada France Germany Italy Japan United Kingdom United States

**Source:** OECD, Quarterly National Accounts.

2000

Q1 100.0 100.0 100.0 100.0 100.0 100.0 100.0

Q2 101.2 100.9 101.0 100.8 100.2 100.7 101.9

Q3 102.2 101.6 100.9 101.4 100.2 101.0 102.0

Q4 102.4 102.4 100.9 103.0 101.2 101.2 102.6

2001

Q1 102.9 102.9 102.6 103.4 101.9 102.5 102.3

Q2 103.2 103.1 102.7 102.9 101.3 103.2 102.8

Q3 103.1 103.4 102.4 102.7 100.2 103.9 102.5

Q4 103.7 103.4 102.5 102.6 99.9 104.3 102.8

2002

Q1 105.3 103.8 102.2 102.7 100.0 104.7 103.7

Q2 105.9 104.2 102.5 103.1 100.8 105.5 104.3

Q3 106.8 104.6 102.9 103.4 101.2 106.3 104.8

Q4 107.4 104.6 102.7 103.5 101.6 107.2 104.9

2003

Q1 108.0 104.8 101.5 103.4 101.3 108.1 105.4

Q2 107.8 104.6 101.5 103.0 102.2 109.1 106.4

Q3 108.2 105.3 102.0 103.3 102.7 110.2 108.2

Q4 109.0 106.1 102.4 103.9 103.8 111.1 109.5

2004

Q1 109.8 107.1 102.4 104.4 104.7 111.7 110.1

Q2 111.1 107.7 102.7 104.8 104.6 112.3 110.9

Q3 112.4 108.1 102.5 105.1 105.1 112.5 111.9

Q4 113.2 108.8 102.6 105.1 104.7 113.1 112.9

2005

Q1 113.6 109.1 102.4 105.0 105.2 113.8 114.1

Q2 114.4 109.3 103.1 105.8 106.2 115.0 114.7

Q3 115.8 109.9 103.9 106.5 107.2 116.3 115.6

Q4 117.0 110.6 104.3 106.8 107.4 117.9 116.3

2006

Q1 117.9 111.5 105.3 107.3 107.4 118.2 117.7

Q2 117.9 112.5 107.0 107.9 107.9 118.5 118.0

Q3 118.3 112.6 108.1 108.3 107.7 118.7 118.2

Q4 118.7 113.4 109.5 109.5 108.9 119.1 119.1

2007

Q1 119.5 114.2 109.9 109.8 109.8 120.3 119.2

Q2 120.6 115.1 110.7 109.8 109.8 121.2 120.1

Q3 121.1 115.5 111.7 109.6 109.4 122.1 120.9

Q4 121.3 115.8 112.0 109.6 109.9 123.0 121.3

2008

Q1 121.4 116.2 113.0 110.5 110.4 123.2 120.5

Q2 121.8 115.7 112.7 109.7 109.6 122.4 121.1

Q3 122.8 115.3 112.2 108.2 108.2 120.4 120.5

Q4 121.4 113.7 110.1 105.7 105.9 117.6 117.9

2009

Q1 118.6 111.8 105.1 102.7 100.8 115.7 116.3

Q2 117.3 111.6 105.2 102.1 102.8 115.4 116.2

Q3 117.8 111.8 105.8 102.6 102.7 115.5 116.5

Q4 119.2 112.5 106.8 102.8 104.2 116.0 117.7

2010

Q1 120.7 113.0 107.6 103.2 105.4 116.6 118.2

Q2 121.3 113.7 109.8 104.0 106.4 117.8 119.3

Q3 122.1 114.4 110.7 104.6 108.4 118.5 120.1

Q4 123.5 115.1 111.6 105.1 107.7 118.6 120.9

2011

Q1 124.4 116.3 113.6 105.4 106.1 119.3 120.4

Q2 124.7 116.3 113.8 105.5 105.5 119.4 121.3

Q3 126.4 116.5 114.3 105.0 108.0 119.9 121.5

Q4 127.4 116.7 114.4 104.0 107.8 120.2 122.9

2012

Q1 127.4 116.7 114.7 103.0 109.1 120.7 123.7

Q2 127.9 116.6 114.8 102.2 108.5 120.6 124.3

Q3 128.1 116.8 115.1 101.7 108.1 122.0 124.4

Q4 128.3 116.7 114.6 101.1 108.2 121.7 124.5

2013

Q1 129.6 116.7 114.3 100.0 109.6 122.5 125.3

Q2 130.4 117.5 115.3 100.1 110.6 123.1 125.6

Q3 131.5 117.5 115.9 100.4 111.3 124.0 126.6

Q4 132.8 118.0 116.4 100.3 111.2 124.6 127.8

2014

Q1 132.9 118.1 117.4 100.4 112.4 125.7 127.5

Q2 134.3 118.3 117.2 100.3 110.2 126.9 128.9

Q3 134.9 119.0 117.6 100.5 110.1 127.9 130.6

Q4 135.7 119.0 118.6 100.4 110.9 129.0 131.2

2015

Q1 135.4 119.4 118.8 100.7 112.2 129.3 132.3

Q2 135.2 119.4 119.3 101.0 112.1 129.9 133.2

Q3 136.0 119.9 119.7 101.2 112.4 130.3 133.7

Q4 136.2 120.2 120.2 101.4 112.1 131.2 133.9

2016

Q1 137.1 120.9 120.9 101.7 112.8 131.4 134.1

Q2 136.7 120.8 121.5 101.8 113.2 132.1 134.8

Q3 138.1 121.0 121.9 102.1 113.5 132.8 135.8

Q4 139.0 121.6 122.4 102.5 114.0 133.7 136.3

2017

Q1 140.3 122.2 123.3 103.0 114.4 134.0 136.8

Q2 141.8 122.8 124.1 103.4 115.5 134.4 137.8

Real GDP, expenditure-based
index (Q1 2000=100)
	Canada	France	Germany	Italy	Japan	United Kingdom	United States
Source: OECD, Quarterly National Accounts.
2000
Q1	100.0	100.0	100.0	100.0	100.0	100.0	100.0
Q2	101.2	100.9	101.0	100.8	100.2	100.7	101.9
Q3	102.2	101.6	100.9	101.4	100.2	101.0	102.0
Q4	102.4	102.4	100.9	103.0	101.2	101.2	102.6
2001
Q1	102.9	102.9	102.6	103.4	101.9	102.5	102.3
Q2	103.2	103.1	102.7	102.9	101.3	103.2	102.8
Q3	103.1	103.4	102.4	102.7	100.2	103.9	102.5
Q4	103.7	103.4	102.5	102.6	99.9	104.3	102.8
2002
Q1	105.3	103.8	102.2	102.7	100.0	104.7	103.7
Q2	105.9	104.2	102.5	103.1	100.8	105.5	104.3
Q3	106.8	104.6	102.9	103.4	101.2	106.3	104.8
Q4	107.4	104.6	102.7	103.5	101.6	107.2	104.9
2003
Q1	108.0	104.8	101.5	103.4	101.3	108.1	105.4
Q2	107.8	104.6	101.5	103.0	102.2	109.1	106.4
Q3	108.2	105.3	102.0	103.3	102.7	110.2	108.2
Q4	109.0	106.1	102.4	103.9	103.8	111.1	109.5
2004
Q1	109.8	107.1	102.4	104.4	104.7	111.7	110.1
Q2	111.1	107.7	102.7	104.8	104.6	112.3	110.9
Q3	112.4	108.1	102.5	105.1	105.1	112.5	111.9
Q4	113.2	108.8	102.6	105.1	104.7	113.1	112.9
2005
Q1	113.6	109.1	102.4	105.0	105.2	113.8	114.1
Q2	114.4	109.3	103.1	105.8	106.2	115.0	114.7
Q3	115.8	109.9	103.9	106.5	107.2	116.3	115.6
Q4	117.0	110.6	104.3	106.8	107.4	117.9	116.3
2006
Q1	117.9	111.5	105.3	107.3	107.4	118.2	117.7
Q2	117.9	112.5	107.0	107.9	107.9	118.5	118.0
Q3	118.3	112.6	108.1	108.3	107.7	118.7	118.2
Q4	118.7	113.4	109.5	109.5	108.9	119.1	119.1
2007
Q1	119.5	114.2	109.9	109.8	109.8	120.3	119.2
Q2	120.6	115.1	110.7	109.8	109.8	121.2	120.1
Q3	121.1	115.5	111.7	109.6	109.4	122.1	120.9
Q4	121.3	115.8	112.0	109.6	109.9	123.0	121.3
2008
Q1	121.4	116.2	113.0	110.5	110.4	123.2	120.5
Q2	121.8	115.7	112.7	109.7	109.6	122.4	121.1
Q3	122.8	115.3	112.2	108.2	108.2	120.4	120.5
Q4	121.4	113.7	110.1	105.7	105.9	117.6	117.9
2009
Q1	118.6	111.8	105.1	102.7	100.8	115.7	116.3
Q2	117.3	111.6	105.2	102.1	102.8	115.4	116.2
Q3	117.8	111.8	105.8	102.6	102.7	115.5	116.5
Q4	119.2	112.5	106.8	102.8	104.2	116.0	117.7
2010
Q1	120.7	113.0	107.6	103.2	105.4	116.6	118.2
Q2	121.3	113.7	109.8	104.0	106.4	117.8	119.3
Q3	122.1	114.4	110.7	104.6	108.4	118.5	120.1
Q4	123.5	115.1	111.6	105.1	107.7	118.6	120.9
2011
Q1	124.4	116.3	113.6	105.4	106.1	119.3	120.4
Q2	124.7	116.3	113.8	105.5	105.5	119.4	121.3
Q3	126.4	116.5	114.3	105.0	108.0	119.9	121.5
Q4	127.4	116.7	114.4	104.0	107.8	120.2	122.9
2012
Q1	127.4	116.7	114.7	103.0	109.1	120.7	123.7
Q2	127.9	116.6	114.8	102.2	108.5	120.6	124.3
Q3	128.1	116.8	115.1	101.7	108.1	122.0	124.4
Q4	128.3	116.7	114.6	101.1	108.2	121.7	124.5
2013
Q1	129.6	116.7	114.3	100.0	109.6	122.5	125.3
Q2	130.4	117.5	115.3	100.1	110.6	123.1	125.6
Q3	131.5	117.5	115.9	100.4	111.3	124.0	126.6
Q4	132.8	118.0	116.4	100.3	111.2	124.6	127.8
2014
Q1	132.9	118.1	117.4	100.4	112.4	125.7	127.5
Q2	134.3	118.3	117.2	100.3	110.2	126.9	128.9
Q3	134.9	119.0	117.6	100.5	110.1	127.9	130.6
Q4	135.7	119.0	118.6	100.4	110.9	129.0	131.2
2015
Q1	135.4	119.4	118.8	100.7	112.2	129.3	132.3
Q2	135.2	119.4	119.3	101.0	112.1	129.9	133.2
Q3	136.0	119.9	119.7	101.2	112.4	130.3	133.7
Q4	136.2	120.2	120.2	101.4	112.1	131.2	133.9
2016
Q1	137.1	120.9	120.9	101.7	112.8	131.4	134.1
Q2	136.7	120.8	121.5	101.8	113.2	132.1	134.8
Q3	138.1	121.0	121.9	102.1	113.5	132.8	135.8
Q4	139.0	121.6	122.4	102.5	114.0	133.7	136.3
2017
Q1	140.3	122.2	123.3	103.0	114.4	134.0	136.8
Q2	141.8	122.8	124.1	103.4	115.5	134.4	137.8

This follows two years of slower growth in 2015 and 2016

A bar chart of Chart 2 — Description for Chart 2

Provincial and Territorial real GDP growth
2010-2016
% change in realy GDP

2016 Average 2010-2015

CA 1.50 2.3

NL 1.9 1.0

PE 2.4 1.6

NS 0.9 0.6

NB 1.4 0.4

QC 1.7 1.5

ON 2.6 2.3

MB 2.4 2.3

SK -1.0 3.3

AB -3.8 3.8

BC 3.7 2.8

YT 8.2 1.4

NT -0.1 0.3

NU 3.9 6.1

Provincial and Territorial real GDP growth
2010-2016
% change in realy GDP
	2016	Average 2010-2015
CA	1.50	2.3
NL	1.9	1.0
PE	2.4	1.6
NS	0.9	0.6
NB	1.4	0.4
QC	1.7	1.5
ON	2.6	2.3
MB	2.4	2.3
SK	-1.0	3.3
AB	-3.8	3.8
BC	3.7	2.8
YT	8.2	1.4
NT	-0.1	0.3
NU	3.9	6.1

2. Structural changes

The economy is undergoing structural changes

A line graph of Chart 3 — Description for Chart 3

Goods and services producing industries' share of real GDP

Goods-producing industries
% share of goods Service-producing industries
% share of services

2002 34.26614 65.9046

2003 33.98616 66.16253

2004 33.87998 66.26058

2005 33.6479 66.47458

2006 32.81416 67.24476

2007 32.05666 67.94334

2008 31.30444 68.69556

2009 29.09247 70.90753

2010 29.66049 70.33951

2011 29.98488 70.01512

2012 29.97765 70.02235

2013 30.07649 69.92351

2014 30.24145 69.75855

2015 29.50372 70.49628

2016 29.015 70.985

Goods and services producing industries' share of real GDP
	Goods-producing industries % share of goods	Service-producing industries % share of services
2002	34.26614	65.9046
2003	33.98616	66.16253
2004	33.87998	66.26058
2005	33.6479	66.47458
2006	32.81416	67.24476
2007	32.05666	67.94334
2008	31.30444	68.69556
2009	29.09247	70.90753
2010	29.66049	70.33951
2011	29.98488	70.01512
2012	29.97765	70.02235
2013	30.07649	69.92351
2014	30.24145	69.75855
2015	29.50372	70.49628
2016	29.015	70.985

A line graph and bar chart of Chart 4 — Description for Chart 4

Canada's International Balance of Payments - billions of dollars

Goods Other current account Total

**Note(s):** Data are seasonally adjusted

08

Q1 11996 -8,519 3477

Q2 15660 -10,409 5251

Q3 14720 -10,828 3892

Q4 1293 -12,281 -10988

09

Q1 -732 -10,087 -10819

Q2 -2122 -8,995 -11117

Q3 -3165 -9,965 -13130

Q4 -753 -10,372 -11125

10

Q1 -801 -12,710 -13511

Q2 -2147 -12,576 -14723

Q3 -6176 -14,021 -20197

Q4 -580 -10,989 -11569

11

Q1 -304 -13,325 -13629

Q2 -2440 -11,555 -13995

Q3 1455 -11,621 -10166

Q4 1856 -13,147 -11291

12

Q1 -1198 -12,297 -13495

Q2 -4465 -13,153 -17618

Q3 -5169 -12,366 -17535

Q4 -2456 -14,576 -17032

13

Q1 -1756 -13,666 -15422

Q2 -1417 -14,511 -15928

Q3 -2489 -11,922 -14411

Q4 -2483 -12,877 -15360

14

Q1 1864 -13,361 -11497

Q2 2010 -13,236 -11226

Q3 1952 -12,729 -10777

Q4 -1977 -12,730 -14707

15

Q1 -6670 -11,518 -18188

Q2 -5762 -10,695 -16457

Q3 -5304 -11,009 -16313

Q4 -5266 -11,329 -16595

16

Q1 -6725 -10,977 -17702

Q2 -10983 -7,860 -18843

Q3 -8360 -10,279 -18639

Q4 68 -11,852 -11784

17

Q1 -1942 -10,979 -12921

Q2 -5199 -11,120 -16319

Canada's International Balance of Payments - billions of dollars
	Goods	Other current account	Total
Note(s): Data are seasonally adjusted
08
Q1	11996	-8,519	3477
Q2	15660	-10,409	5251
Q3	14720	-10,828	3892
Q4	1293	-12,281	-10988
09
Q1	-732	-10,087	-10819
Q2	-2122	-8,995	-11117
Q3	-3165	-9,965	-13130
Q4	-753	-10,372	-11125
10
Q1	-801	-12,710	-13511
Q2	-2147	-12,576	-14723
Q3	-6176	-14,021	-20197
Q4	-580	-10,989	-11569
11
Q1	-304	-13,325	-13629
Q2	-2440	-11,555	-13995
Q3	1455	-11,621	-10166
Q4	1856	-13,147	-11291
12
Q1	-1198	-12,297	-13495
Q2	-4465	-13,153	-17618
Q3	-5169	-12,366	-17535
Q4	-2456	-14,576	-17032
13
Q1	-1756	-13,666	-15422
Q2	-1417	-14,511	-15928
Q3	-2489	-11,922	-14411
Q4	-2483	-12,877	-15360
14
Q1	1864	-13,361	-11497
Q2	2010	-13,236	-11226
Q3	1952	-12,729	-10777
Q4	-1977	-12,730	-14707
15
Q1	-6670	-11,518	-18188
Q2	-5762	-10,695	-16457
Q3	-5304	-11,009	-16313
Q4	-5266	-11,329	-16595
16
Q1	-6725	-10,977	-17702
Q2	-10983	-7,860	-18843
Q3	-8360	-10,279	-18639
Q4	68	-11,852	-11784
17
Q1	-1942	-10,979	-12921
Q2	-5199	-11,120	-16319

Commodity prices, particularly for energy, have become increasingly important for the Canadian economy

A line graph of Chart 5 — Description for Chart 5

Growth in household consumption, business investment and exports
2007=100

Date Household consumption Exports of goods and services Gross domestic product at market prices Business Investment

Mar-07 100 100 100 100

Jun-07 101.5019 101.5622 100.9651 100.5669

Sep-07 102.4372 99.79021 101.3847 100.7848

Dec-07 104.2921 97.37741 101.5267 102.1493

Mar-08 105.1203 96.0087 101.5869 104.0147

Jun-08 105.2321 96.828 101.9393 103.2733

Sep-08 105.2848 96.07103 102.7897 102.247

Dec-08 104.0066 91.65793 101.6008 96.84025

Mar-09 103.6591 83.74415 99.2794 85.10415

Jun-09 104.5435 80.35328 98.18394 83.86597

Sep-09 105.6687 82.50362 98.62823 85.5359

Dec-09 106.3947 84.51893 99.79332 89.00175

Mar-10 107.5911 85.65058 100.9822 92.86752

Jun-10 108.4907 88.43733 101.5014 95.12045

Sep-10 109.3717 88.43325 102.2263 96.50496

Dec-10 110.3634 90.60307 103.3819 98.81497

Mar-11 110.5596 90.70824 104.1463 100.7451

Jun-11 111.0672 89.34789 104.3441 102.6414

Sep-11 111.5266 94.3473 105.7923 104.0925

Dec-11 112.226 95.5257 106.6282 106.1056

Mar-12 112.8818 95.34336 106.6622 109.1164

Jun-12 113.0159 95.27362 107.0143 110.2545

Sep-12 113.6978 94.5556 107.2254 110.2263

Dec-12 114.3188 94.53112 107.3561 111.3824

Mar-13 115.0242 96.13725 108.4624 112.1728

Jun-13 116.0446 97.77379 109.1656 113.097

Sep-13 116.902 97.43769 110.0601 113.4402

Dec-13 117.6526 98.5315 111.1694 114.3949

Mar-14 118.1885 98.20709 111.2252 113.3401

Jun-14 119.3616 103.7539 112.376 115.0317

Sep-14 120.1406 105.0573 112.9154 116.8611

Dec-14 120.8674 105.3049 113.599 116.4099

Mar-15 120.9438 104.9679 113.3161 111.2906

Jun-15 121.5484 106.3149 113.1917 108.7847

Sep-15 122.3583 107.8055 113.8482 107.5045

Dec-15 122.8879 107.2249 113.9979 105.5613

Mar-16 123.6198 109.4105 114.7746 104.9655

Jun-16 124.3181 105.4757 114.3803 104.519

Sep-16 125.25 107.8292 115.5491 104.7749

Dec-16 126.1657 108.0486 116.3188 101.8943

Mar-17 127.6491 108.4586 117.3781 105.0935

Jun-17 129.0987 110.9775 118.6631 105.6666

Growth in household consumption, business investment and exports
2007=100
Date	Household consumption	Exports of goods and services	Gross domestic product at market prices	Business Investment
Mar-07	100	100	100	100
Jun-07	101.5019	101.5622	100.9651	100.5669
Sep-07	102.4372	99.79021	101.3847	100.7848
Dec-07	104.2921	97.37741	101.5267	102.1493
Mar-08	105.1203	96.0087	101.5869	104.0147
Jun-08	105.2321	96.828	101.9393	103.2733
Sep-08	105.2848	96.07103	102.7897	102.247
Dec-08	104.0066	91.65793	101.6008	96.84025
Mar-09	103.6591	83.74415	99.2794	85.10415
Jun-09	104.5435	80.35328	98.18394	83.86597
Sep-09	105.6687	82.50362	98.62823	85.5359
Dec-09	106.3947	84.51893	99.79332	89.00175
Mar-10	107.5911	85.65058	100.9822	92.86752
Jun-10	108.4907	88.43733	101.5014	95.12045
Sep-10	109.3717	88.43325	102.2263	96.50496
Dec-10	110.3634	90.60307	103.3819	98.81497
Mar-11	110.5596	90.70824	104.1463	100.7451
Jun-11	111.0672	89.34789	104.3441	102.6414
Sep-11	111.5266	94.3473	105.7923	104.0925
Dec-11	112.226	95.5257	106.6282	106.1056
Mar-12	112.8818	95.34336	106.6622	109.1164
Jun-12	113.0159	95.27362	107.0143	110.2545
Sep-12	113.6978	94.5556	107.2254	110.2263
Dec-12	114.3188	94.53112	107.3561	111.3824
Mar-13	115.0242	96.13725	108.4624	112.1728
Jun-13	116.0446	97.77379	109.1656	113.097
Sep-13	116.902	97.43769	110.0601	113.4402
Dec-13	117.6526	98.5315	111.1694	114.3949
Mar-14	118.1885	98.20709	111.2252	113.3401
Jun-14	119.3616	103.7539	112.376	115.0317
Sep-14	120.1406	105.0573	112.9154	116.8611
Dec-14	120.8674	105.3049	113.599	116.4099
Mar-15	120.9438	104.9679	113.3161	111.2906
Jun-15	121.5484	106.3149	113.1917	108.7847
Sep-15	122.3583	107.8055	113.8482	107.5045
Dec-15	122.8879	107.2249	113.9979	105.5613
Mar-16	123.6198	109.4105	114.7746	104.9655
Jun-16	124.3181	105.4757	114.3803	104.519
Sep-16	125.25	107.8292	115.5491	104.7749
Dec-16	126.1657	108.0486	116.3188	101.8943
Mar-17	127.6491	108.4586	117.3781	105.0935
Jun-17	129.0987	110.9775	118.6631	105.6666

3. Challenges and opportunities

A number of important sectors are emerging.

A line graph of Chart 6 — Description for Chart 6

Value Added - Computer systems design and related services
2007=100

Year All industries Service-producing industries Computer systems design and related services

2007 100 100 100

2008 100.658 101.7724 105.0162

2009 97.34405 101.5909 107.4998

2010 100.4935 104.0376 107.8179

2011 103.7761 106.9405 114.4063

2012 105.6556 108.8885 114.4858

2013 108.2051 111.3587 121.2271

2014 111.0489 114.0158 129.7853

2015 112.2767 116.4955 138.1905

2016 113.9098 119.0093 148.7184

Value Added - Computer systems design and related services
2007=100
Year	All industries	Service-producing industries	Computer systems design and related services
2007	100	100	100
2008	100.658	101.7724	105.0162
2009	97.34405	101.5909	107.4998
2010	100.4935	104.0376	107.8179
2011	103.7761	106.9405	114.4063
2012	105.6556	108.8885	114.4858
2013	108.2051	111.3587	121.2271
2014	111.0489	114.0158	129.7853
2015	112.2767	116.4955	138.1905
2016	113.9098	119.0093	148.7184

A line graph of Chart 7 — Description for Chart 7

Information and communication technology
GDP

ICT manufacturing ICT services

2007 5,222 57,248

2008 5,145 58,333

2009 4,546 57,634

2010 4,811 59,677

2011 4,712 62,355

2012 4,102 63,227

2013 3,469 64,087

2014 3,449 66,058

2015 3,457 67,413

2016 3,530 69,306

Information and communication technology
GDP
	ICT manufacturing	ICT services
2007	5,222	57,248
2008	5,145	58,333
2009	4,546	57,634
2010	4,811	59,677
2011	4,712	62,355
2012	4,102	63,227
2013	3,469	64,087
2014	3,449	66,058
2015	3,457	67,413
2016	3,530	69,306

Financial and insurance services
Clean technology
Information services
Disruptive 'digital' goods and services

Foreign demand has been on the decline but still accounts for a large share of economic activity

A bar chart of Chart 8 — Description for Chart 8

Share of GDP from exports
percentage

Geography Rest of the world United States

NL 15 19

PE 4 9

NS 4 7

NB 5 11

QC 7 12

ON 6 14

MB 7 12

SK 11 24

AB 4 24

BC 8 10

YT 8 6

NT 21 4

NU 8 7

CA 6 15

Share of GDP from exports
percentage
Geography	Rest of the world	United States
NL	15	19
PE	4	9
NS	4	7
NB	5	11
QC	7	12
ON	6	14
MB	7	12
SK	11	24
AB	4	24
BC	8	10
YT	8	6
NT	21	4
NU	8	7
CA	6	15

The U.S. dominates trade and investment flows

A map of the world for Chart 9 — Description for Chart 9

Intensity of trade balances

Map: The U.S. dominates trade and investment flows. This a map of the world. Regions have been shaded in different colours to show the varying intensity of the trade balances for each region.

Dark red = Less than -$1 billion

Light red = -$1 million to -$1 billion

Yellow = +$1 million to -$1 million

Light green = +$1 million to +$1 billion

Dark green = Greater than +$1 billion

Our reliance on the U.S. economy

A screenshot of a data visualization for Chart 10 — Description for Chart 10

Canada and the World Statistics Hub – United States

**Employment — Activities of majority-owned affiliates**

**Source(s):** CANSIM tables 376-0154 and 376-0065.

A screenshot of a data visualization for Chart 11 — Description for Chart 11

Canada and the World Statistics Hub – United States

**Trade – Merchandise by province and state: Ontario and Michigan, July 2017**

**Source(s):** CANSIM table 228-0080.

Interprovincial trade is becoming increasingly important

A screenshot of a data visualization for Chart 12 — Description for Chart 12

Visualizing domestic regional trade flows in Canada — Domestic trade flow map (divided)

**Interprovincial trade is becoming increasingly important**

Source: The data for this map references 2012, see CANSIM table 386-0004.

4. The economy and environment

Economic activity and the environment.

A bar chart of Chart 13 — Description for Chart 13

GHG emissions (in tonnes) per $1000 of consumption, selected commodities, 2013

Commodities GHG emissions

Wood pulp and newsprint 2.44

Livestock and livestock products 2.40

Paperboard 2.35

Electricity 2.10

Ammonia and chemical fertilizers 1.82

Pesticides and other agricultural chemicals 1.76

Water freight transportation services 1.43

Crude oil and natural gas 1.37

Cement 1.37

Meat products 1.34

Iron and steel basic shapes and ferro-alloy products 1.33

Grains 1.32

GHG emissions (in tonnes) per $1000 of consumption, selected commodities, 2013
Commodities	GHG emissions
Wood pulp and newsprint	2.44
Livestock and livestock products	2.40
Paperboard	2.35
Electricity	2.10
Ammonia and chemical fertilizers	1.82
Pesticides and other agricultural chemicals	1.76
Water freight transportation services	1.43
Crude oil and natural gas	1.37
Cement	1.37
Meat products	1.34
Iron and steel basic shapes and ferro-alloy products	1.33
Grains	1.32

5. What it means for Canadians

Employment growth has been in step with economic growth in recent years

A bar chart of Chart 14 — Description for Chart 14

Employment growth, by province
percentage

Geography Average annual rate of employment growth, 2010-2015 Annual employment growth, 2016

**Source:** Statistics Canada, CANSIM table: 282-0002.

Canada 1.2 0.7

NL 1.6 -1.5

PE 1.2 -2.3

NS 0.0 -0.4

NB -0.4 -0.1

QC 1.0 0.9

ON 1.2 1.1

MB 1.0 -0.4

SK 1.5 -0.9

AB 2.1 -1.6

BC 0.9 3.2

Employment growth, by province
percentage
Geography	Average annual rate of employment growth, 2010-2015	Annual employment growth, 2016
Source: Statistics Canada, CANSIM table: 282-0002.
Canada	1.2	0.7
NL	1.6	-1.5
PE	1.2	-2.3
NS	0.0	-0.4
NB	-0.4	-0.1
QC	1.0	0.9
ON	1.2	1.1
MB	1.0	-0.4
SK	1.5	-0.9
AB	2.1	-1.6
BC	0.9	3.2

The impact of commodity prices on national income

A bar chart of Chart 15 — Description for Chart 15

Annual % change Gross National Income

Year Annual % Change Gross National Income

2001 3.3%

2002 4.6%

2003 5.2%

2004 6.8%

2005 6.6%

2006 5.8%

2007 5.6%

2008 5.0%

2009 -5.4%

2010 5.8%

2011 6.6%

2012 3.1%

2013 4.4%

2014 4.4%

2015 0.3%

2016 2.2%

Annual % change Gross National Income
Year	Annual % Change Gross National Income
2001	3.3%
2002	4.6%
2003	5.2%
2004	6.8%
2005	6.6%
2006	5.8%
2007	5.6%
2008	5.0%
2009	-5.4%
2010	5.8%
2011	6.6%
2012	3.1%
2013	4.4%
2014	4.4%
2015	0.3%
2016	2.2%

Households are taking on more debt, but debt service costs are significantly lower than previous decades

A bar chart of Chart 16 — Description for Chart 16

Household income devoted to servicing the interest on household debt, 1991 and 2015

Geography 1991 2015

Canada 10.8 6.39

Newfoundland and Labrador 8.21 4.96

Prince Edward Island 10.6 5.41

Nova Scotia 10.74 5.81

New Brunswick 9.41 4.9

Quebec 10.24 5.78

Ontario 11.42 6.9

Manitoba 9.54 5.27

Saskatchewan 10.87 5.64

Alberta 10.13 6

British Columbia 11.47 7.21

Yukon 8.21 4.87

Northwest Territories 3.81

Nunavut 1.91

Northwest Territories Inc. Nunavut 5.11

Household income devoted to servicing the interest on household debt, 1991 and 2015
Geography	1991	2015
Canada	10.8	6.39
Newfoundland and Labrador	8.21	4.96
Prince Edward Island	10.6	5.41
Nova Scotia	10.74	5.81
New Brunswick	9.41	4.9
Quebec	10.24	5.78
Ontario	11.42	6.9
Manitoba	9.54	5.27
Saskatchewan	10.87	5.64
Alberta	10.13	6
British Columbia	11.47	7.21
Yukon	8.21	4.87
Northwest Territories		3.81
Nunavut		1.91
Northwest Territories Inc. Nunavut	5.11

The distribution of national net worth by net worth quintile

Two bar charts for Chart 17 — Description for Chart 17

Net worth distributed by net worth quintile - 1998/1999

Quintile Canada (1999) U.S. (1998)

Quintile 1 -0.30%

Quintile 2 2.60% 1.40%

Quintile 3 8.80% 5.10%

Quintile 4 20.10% 12.40%

Quintile 5 68.60% 81.40%

Net worth distributed by net worth quintile - 2012/2013

Quintile Canada (2012) U.S. (2013)

Quintile 1 -0.10% -0.70%

Quintile 2 2.20% 0.60%

Quintile 3 9.00% 3.20%

Quintile 4 21.50% 9.80%

Quintile 5 67.40% 87.00%

Net worth distributed by net worth quintile - 1998/1999
Quintile	Canada (1999)	U.S. (1998)
Quintile 1		-0.30%
Quintile 2	2.60%	1.40%
Quintile 3	8.80%	5.10%
Quintile 4	20.10%	12.40%
Quintile 5	68.60%	81.40%

Net worth distributed by net worth quintile - 2012/2013
Quintile	Canada (2012)	U.S. (2013)
Quintile 1	-0.10%	-0.70%
Quintile 2	2.20%	0.60%
Quintile 3	9.00%	3.20%
Quintile 4	21.50%	9.80%
Quintile 5	67.40%	87.00%

6. Moving forward

Statistics Canada is responding to complex demands of the economy and society

Greater access to data
More detailed data
More responsive data
Greater capacity to use data

Foreign ownership of residential housing
Detailed geographic information on housing values and financing
Clean technology and the transition towards a low-carbon economy
Non-medical consumption of cannabis
The emerging 'digital' economy
Culture and tourism
The size, value and state of Canada's infrastructure
Foreign investment and tradebusiness dynamics and productivity

Date modified:: 2021-03-04

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Telling Canada's story in numbers
The economy

Archived Content

Telling Canada's economic story

1. Current economic trends

Canada is leading the G7 in economic growth in 2017

This follows two years of slower growth in 2015 and 2016

2. Structural changes

The economy is undergoing structural changes

Commodity prices, particularly for energy, have become increasingly important for the Canadian economy

3. Challenges and opportunities

A number of important sectors are emerging.

Foreign demand has been on the decline but still accounts for a large share of economic activity

The U.S. dominates trade and investment flows

Intensity of trade balances

Our reliance on the U.S. economy

Canada and the World Statistics Hub – United States — Employment — Activities of majority-owned affiliates

Canada and the World Statistics Hub – United States

Canada and the World Statistics Hub – United States — Trade — Merchandise, by Ontario and Michigan

Canada and the World Statistics Hub – United States

Interprovincial trade is becoming increasingly important

Visualizing domestic regional trade flows in Canada — Domestic trade flow map (divided)

Visualizing domestic regional trade flows in Canada — Domestic trade flow map (divided)

4. The economy and environment

Economic activity and the environment.

5. What it means for Canadians

Employment growth has been in step with economic growth in recent years

The impact of commodity prices on national income

Households are taking on more debt, but debt service costs are significantly lower than previous decades

The distribution of national net worth by net worth quintile

6. Moving forward

Statistics Canada is responding to complex demands of the economy and society

Geography	Rest of the world	United States
NL	15	19
PE	4	9
NS	4	7
NB	5	11
QC	7	12
ON	6	14
MB	7	12
SK	11	24
AB	4	24
BC	8	10
YT	8	6
NT	21	4
NU	8	7
CA	6	15

Geography	Rest of the world	United States
NL	15	19
PE	4	9
NS	4	7
NB	5	11
QC	7	12
ON	6	14
MB	7	12
SK	11	24
AB	4	24
BC	8	10
YT	8	6
NT	21	4
NU	8	7
CA	6	15

Telling Canada's story in numbersThe economy

Archived Content

Telling Canada's economic story

1. Current economic trends

Canada is leading the G7 in economic growth in 2017

This follows two years of slower growth in 2015 and 2016

2. Structural changes

The economy is undergoing structural changes

Commodity prices, particularly for energy, have become increasingly important for the Canadian economy

3. Challenges and opportunities

A number of important sectors are emerging.

Foreign demand has been on the decline but still accounts for a large share of economic activity

The U.S. dominates trade and investment flows

Intensity of trade balances

Our reliance on the U.S. economy

Canada and the World Statistics Hub – United States — Employment — Activities of majority-owned affiliates

Canada and the World Statistics Hub – United States

Canada and the World Statistics Hub – United States — Trade — Merchandise, by Ontario and Michigan

Canada and the World Statistics Hub – United States

Interprovincial trade is becoming increasingly important

Visualizing domestic regional trade flows in Canada — Domestic trade flow map (divided)

Visualizing domestic regional trade flows in Canada — Domestic trade flow map (divided)

4. The economy and environment

Economic activity and the environment.

5. What it means for Canadians

Employment growth has been in step with economic growth in recent years

The impact of commodity prices on national income

Households are taking on more debt, but debt service costs are significantly lower than previous decades

The distribution of national net worth by net worth quintile

6. Moving forward

Statistics Canada is responding to complex demands of the economy and society

Note of appreciation

Standards of service to the public

Copyright

Telling Canada's story in numbers
The economy

Geography	Rest of the world	United States
NL	15	19
PE	4	9
NS	4	7
NB	5	11
QC	7	12
ON	6	14
MB	7	12
SK	11	24
AB	4	24
BC	8	10
YT	8	6
NT	21	4
NU	8	7
CA	6	15