Canada - Statistics & Facts

Situated north of the United States, and geographically a part of North America, Canada is the second-largest country in the world in terms of total area (after Russia). It is also among the leading countries with the largest proportion of global GDP. Speaking of gross domestic product, Canada’s own figures show a growing economy that is expected to flourish in the next decade, its gross domestic product per capita – an important economic indicator to determine the well-being of a country’s citizens – is expected to increase accordingly, and is already among the highest worldwide, making Canada one of richest countries in the world.

As for trade, Canada is a leading force in import and export of goods as well; its trade balance may have been showing a deficit since the financial crisis and a subsequent recession in 2009, meaning that Canada imports more goods than it exports, but its export figures have been stable since 2011. Canada’s main export goods are agricultural products (including maple syrup), metals, and energy. The country possesses significant crude oil reserves, making it one of the leaders in oil resources (only outranked by Saudi Arabia and Venezuela), and thus an important player on the global oil market. As of 2015, Canada held a share of more than 10 percent in global oil reserves.

Most of Canada’s workforce is employed in the services sector, and while the financial crisis sparked a rise in unemployment, its unemployment rate has been declining steadily and is expected to continue to do so over the next few years.

All in all, the standard of living is quite high in Canada, guaranteed by a stable economy with a positive outlook, and a well-organized healthcare sector and education system. This is evident in the continuously growing population figures, a stable fertility rate and a high life expectancy, compared to other countries.

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