1、Canada: Economy,Overview General situation History Trade Market-oriented economic system pattern,Overview,The economy of Canada is quite advanced and most of the people enjoy high standard of living. In fact, Canada has an abundance of natural resources, such as forests, minerals, fish, and hydroele
2、ctric power, all of which has helped Canada focus their economic development on the export of raw materials and around 33.6 percent of its GDP is dedicated to exports. This has in turn led to the conservation of the resources, which is a top priority of the nation.,Back,General situation,GDP (2003):
3、 $869.2 billion.,Real GDP growth rate (2003): 5.3%.,Nominal per capita GDP (2003): $27,682.,Natural resources: Petroleum and natural gas, hydroelectric power, metals and minerals, fish, forests, wildlife, abundant fresh water.,Agriculture: Products-wheat, livestock and meat, feed grains, oil seeds,
4、dairy products, tobacco, fruits, vegetables.,Industry: Types-motor vehicles and parts, machinery and equipment, aircraft and components, other diversified manufacturing, fish and forest products, processed and unprocessed minerals.,Back,History,Since the recession of the early 1990s, The Canadian ec
5、onomy has grown more rapidly than the other developed countries. The success can be attributed to several factors, including low inflation, low interest rates, and a low Canadian dollar (with respect to other major currencies), all of which helped exports to grow.,During the year from 1986 to 1995,
6、the Canadian economy grew 20.4 percent and reached a GDP of C$776.3 billion. In 1999 it was C$976.7 billion. The mining, communications, utilities, trade, and financial services sectors grew the most in output, while employment growth was greatest in nongovernmental services. At the same time, the r
7、esult of the sale of several large government-owned corporations as well as reduced program spending.,Back,Trade:,Merchandise exports (2003)-$313.8 billion: motor vehicles and spare parts, lumber, wood pulp and newsprint, crude and fabricated metals, natural gas, crude petroleum, wheat. In 2003, 83%
8、 of Canadian exports went to the United States. Merchandise imports (2003)-$289.7 billion: motor vehicles and parts, industrial machinery, crude petroleum, chemicals, agricultural machinery. In 2003, 70% of Canadian imports came from the United States.,Back,Market-oriented economic system pattern,As
9、 an affluent high-tech industrial society, Canada today closely resembles the US in its market-oriented economic system pattern of production and high living standards. Canada started the 1990s in recession but with the help of the oil and gas boom in Alberta, Canada has become a desired place to ma
10、ke big money fast. With its great natural resources, skilled labor force and good governing, Canada is one of only a few countries to be able to withstand the 2009 recession. Since this is much due to the western provinces the eastern provinces still find themselves lagging behind in economic developpement.This may change as oil has recently been found off the east coast.,Thank U,
