Inside Economy of Canada
- 5 years ago
The Canadian economy is a very unusually successful one, with the CAD (Canadian dollar) holding a value of 0.760 USD. Canada is a mixed, highly developed economy and is ranked 10th largest in terms of GDP (nominal). With a GDP of about $1.733 trillion (nominal) in 2018, the country witnessed 2% GDP growth. The per capita is around $47,658, and most of the labor force (at least three-fourth) is employed by the service industry.
Why the Economy of Canada is So Interesting
Canada holds the 4th position when it comes to the value of its natural resources, which is around US$33.2 trillion. Housing the third largest petroleum reserves in the world, the country is the fourth largest exporter of natural gas and petroleum. This makes the nation an energy superpower, as the population is small and natural resources are considerably abundant.
Why the Economy of Canada is So Interesting
Canada holds the 4th position when it comes to the value of its natural resources, which is around US$33.2 trillion. Housing the third largest petroleum reserves in the world, the country is the fourth largest exporter of natural gas and petroleum. This makes the nation an energy superpower, as the population is small and natural resources are considerably abundant.