Financial Ages logo

Canadian Economy

By admin on Thursday, 5th November 2009

EconomyThe Canada's eighth largest economy in the world, measured in U.S. dollars, Canada is the world's richest countries to service-based economy, approximately three-quarters of Canadians have a dormitory employee. With the oil industry and is the most important sector, Canada is unusual among developed countries, and also has significant manufacturing and automotive industry is particularly important.

Meanwhile, a large part of the Canadian economy by international trade, which was mainly due to its natural resources. So far, Canada's largest trading partner is the United States, accounting for about 76% of exports from 2007 imports of 65%. A year ago, Canada's exports and imports combined ranked eighth in all countries and peoples. The economy is mature and diversified at the same time, a department of senior services from the benefits of rich natural resources, strict management and free trade agreements.

Beginning in 2007, nominal gross domestic product to 1. 274 trillion, an increase of 2. 7% of the countries due to the agricultural focus to service, but now almost 67. 9% of gross domestic product. Services covered include retail, financial services, real estate, education, health, entertainment, high-tech, tourism and so on, are in the rapid development of many sectors. In the 17.9 million existing work force in Canada, the service sector employed 75%.

The rapid development of Canada have also seen, due to the free trade agreement with the United States in 1989, together with the free trade agreement in 1994. These two treaties with several other major countries, Canada and the Canadian economy. Human Development Index ranked Canada in the most developed countries, per capita gross domestic product than in the United States is low, and about equal to the United States, the average household income.

Second only to Russia, Canada is the world's second largest country, a lot of land, is the world's second largest oil has an abundance of oil and gas reserves. Although the production is not the backbone of the economy is an important secondary industry and motor vehicles and light aircraft, many of the production here.

Another important factor that led to his contribution to the state's economic strength and growth has been its sound financial management, it makes Canada the past 10 years, a balanced budget. Sound financial management in Canada, another important factor contributing to the country's economic advantage. Prudent management to Canada in the past 10 years, a balanced budget.

Tags: , , , , , , , ,

READERS COMMENTS




Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

RELATED NEWS

LATEST HEADLINES

Blansit will walk on at Shorter

Blansit will walk on at Shorter After moving around in and out of

ALEXANDER SET TO START FOR GERS

ALEXANDER SET TO START FOR GERS Alexander – set to start for Rangers.

DRC Awarded $3.6 Million Contract With the Department of Defense’s Joint Strike Fighter Program Office

DRC Awarded $3.6 Million Contract With the Department of Defense’s Joint Strike Fighter

First a fire, then a scam, what’s next?

First a fire, then a scam, what’s next? Herman

Chesapeake, GameStop, Health Net, Polycom: U.S. Equity Movers

Chesapeake, GameStop, Health Net, Polycom: U.S. Equity Movers March

Pa. consumer advocate Herb Denenberg dies at 80

Pa. consumer advocate Herb Denenberg dies at 80 WAYNE,

Powered by Yahoo! Answers

SEO Powered by Platinum SEO from Techblissonline