Canada
Description of Canada
Canada, a vast and diverse nation known for its stunning natural landscapes, multicultural cities, and strong economy, holds a unique position on the global stage. As the second-largest country in the world by land area, Canada boasts a wealth of natural resources, including oil, minerals, and timber, which have contributed significantly to its economic prosperity. With a stable political system, high quality of life, and commitment to environmental sustainability, Canada continues to attract international attention for its progressive policies and innovative approaches to various economic and social challenges. This website delves into the intricate analysis of Canada's macroeconomic statistics, shedding light on the factors shaping its development and influence in the global arena.
Population And Age Structure
For Population, total, Canada's value is 38,007,166, which is below the average of 40,097,746. The country is ranked 38 out of 194 countries.
The Population ages 0-14 (% of total population) in Canada is 15.87%, lower than the average of 27.34%. This places Canada at rank 163 out of 194 countries.
In terms of Population ages 0-14, total, Canada has 6,031,115 individuals, below the average of 10,327,380. Canada is ranked 62 out of 194 countries.
Canada's Population ages 15-64 (% of total population) is 66.11%, slightly above the average of 63.44%. The country is placed at 67 out of 194 countries.
With a Population ages 15-64, total of 25,127,758 people, Canada falls below the average of 26,003,407. The country ranks 35 out of 194 countries.
Population ages 65 and above (% of total population) in Canada is 18.02%, notably higher than the average of 9.22%. Canada is ranked 31 out of 194 countries.
For Population ages 65 and above, total, Canada has 6,848,293 individuals, significantly above the average of 3,766,959. The country ranks 21 out of 194 countries.
Summary
In summary, Canada has a total population below the global average, with a lower percentage of individuals in the 0-14 age group but higher percentages in the 15-64 and 65+ age groups compared to the average. The total numbers in each age group also vary from the global average, with Canada having fewer individuals in the younger age group but more in the older age group. These demographic indicators are crucial for policymakers, as they impact various sectors such as healthcare, education, and social security, influencing resource allocation and long-term planning for the country's development.
Population Miscellaneous
Canada's rural population is 7,007,761, ranking 71 out of 190 countries. This is significantly below the average rural population of 18,044,041. Canada's urban population stands at 30,999,405, placing it at 29 out of 194 countries, surpassing the average urban population of 22,425,747.
With a rural population (% of total population) of 18.438%, Canada ranks 156 out of 190 countries, much lower than the average of 41.158%. Similarly, Canada's urban population (% of total population) is 81.562%, which is above the average of 59.691% and places Canada at 39 out of 194 countries.
In terms of age dependency ratio (% of working-age population), Canada's ratio of 51.256% is below the average of 59.219%, ranking 128 out of 194 countries. Additionally, Canada's birth rate of 9.5 per 1,000 people is below the average of 19.384, placing it at 164 out of 192 countries. Canada's crude death rate of 8.1 per 1,000 people is also slightly below the average, ranking 85 out of 192 countries.
Lastly, Canada's fertility rate of 1.41 births per woman is lower than the average of 2.603, positioning Canada at 168 out of 190 countries in terms of fertility rate.
Summary
In summary, Canada has a relatively small rural population compared to its urban population, with a lower rural population percentage and higher urban population percentage than the global average. The country also exhibits a lower age dependency ratio, birth rate, crude death rate, and fertility rate compared to the global averages. These indicators are crucial as they can impact Canada's demographic composition, labor force dynamics, social welfare systems, and economic development strategies.
Military
Canada's military expenditure is $23,082,774,049.22, which is above the average of $12,904,993,617.17, ranking 13th out of 149 countries in the dataset.
Canada's military expenditure as a percentage of GDP is 1.40%, below the average of 1.90%, ranking 85th out of 148 countries.
Canada's arms imports amount to $220,000,000, slightly above the average of $205,522,123.89, ranking 23rd out of 113 countries.
Canada's arms exports total $110,000,000, significantly below the average of $705,705,882.35, ranking 21st out of 34 countries.
Canada has 72,000 armed forces personnel, lower than the average of 165,908.54, ranking 58th out of 164 countries.
In Canada, the armed forces personnel account for 0.35% of the total labor force, below the average of 1.28%, ranking 136th out of 164 countries.
Summary
Canada's military expenditure is above average, ranking 13th out of 149 countries, but its spending as a percentage of GDP is below average. While Canada's arms imports are slightly above average, its arms exports are significantly below average. Additionally, Canada has a lower number of armed forces personnel compared to the global average, with a smaller proportion of the labor force engaged in the military.
These indicators are important as they provide insights into Canada's defense priorities, its role in the global arms trade, and the size of its military personnel relative to other countries. The data also sheds light on Canada's military capabilities, its defense strategy, and its position in the international security landscape.
Natural Resources
Canada's forest area covers 3,469,281 sq. km, which is significantly above the global average of 211,606. Canada ranks 3rd out of 191 countries in this attribute.
With a land area of 8,965,590 sq. km, Canada's expanse is well above the average of 665,166 sq. km, ranking 4th out of 194 countries.
Canada's surface area of 9,879,750 sq. km exceeds the average of 689,780 sq. km. Canada secures the 2nd rank out of 194 countries in this category.
Canada's arable land spans 38,235,000 hectares, significantly surpassing the global average of 7,329,543 hectares. Canada holds the 7th rank out of 190 countries.
The land under cereal production in Canada reaches 15,961,700 hectares, markedly higher than the average of 4,206,012 hectares. Canada ranks 9th out of 174 countries in this aspect.
Canada's average precipitation depth of 537 mm per year is below the global average of 1,157 mm per year, placing Canada at the 136th position out of 178 countries.
Canada's renewable internal freshwater resources total 2,850 billion cubic meters, significantly exceeding the average of 240.41 billion cubic meters. Canada ranks 3rd out of 178 countries in this attribute.
Summary
Canada stands out globally for its vast forest area, land expanse, arable land, and renewable freshwater resources, being ranked high among countries in these aspects. However, Canada falls below the global average in terms of average precipitation depth. These indicators are crucial as they highlight Canada's environmental richness, agricultural potential, and water security, positioning the country as a significant player in these sectors on the world stage.
Resource Rents
Total natural resources rents (% of GDP): Canada's value of 1.24% is below the average of 4.63%. It ranks 96th out of 175 countries in the dataset.
Coal rents (% of GDP): With a value of 0.04%, Canada's coal rents are below the average of 0.40%, ranking at 30th out of 65 countries.
Forest rents (% of GDP): Canada's forest rents, at 0.08% of GDP, are also below the average of 1.53%. This places Canada at 122nd out of 174 countries.
Oil rents (% of GDP): Canada's oil rents account for 0.89% of GDP, which is below the average of 2.51%. The country ranks 35th out of 117 nations.
Mineral rents (% of GDP): Canada's mineral rents, at 0.23% of GDP, are lower than the average of 1.23%. This places Canada at the 45th position out of 86 countries.
Summary
Canada's natural resources rents, including coal, forest, oil, and mineral rents, are all below global averages across different categories. While Canada possesses significant natural resources, the relatively low contribution of these rents to the country's GDP compared to global averages suggests potential underutilization or inefficiency in resource extraction and monetization. This could impact Canada's overall economic development and resource management strategies, necessitating a closer examination of policies surrounding natural resource exploitation and the diversification of revenue sources.
Commodities
Canada has a high Cereal production of 65,314,300 metric tons, which is significantly above the attribute average of 17,249,945. Cananda ranks 8th out of 174 countries in this attribute.
In Aquaculture production, Canada's value is 171,007 metric tons, below the attribute average of 679,642. Canada ranks 29th out of 180 countries in this category.
For Capture fisheries production, Canada's value is 739,691.4 metric tons, above the attribute average of 467,453. Canada ranks 25th out of 190 countries in this attribute.
Canada's Total fisheries production is 910,698.4 metric tons, below the attribute average of 1,153,914. Canada ranks 27th out of 182 countries for this metric.
Regarding Fertilizer consumption, Canada uses 131.4 kilograms per hectare of arable land, which is below the average of 159.0 kilograms. Canada ranks 72nd out of 187 countries in this aspect.
Summary
Canada stands out with high cereal production but falls behind in aquaculture, capture fisheries, and total fisheries production compared to global averages. Its fertilizer consumption is below average as well. These indicators are crucial for Canada's economic development as they reflect its agricultural and environmental sustainability, food security, and trade capabilities. Improving performance in aquaculture, fisheries, and fertilizer consumption could enhance Canada's competitiveness in the global market and ensure long-term economic growth and stability.
Intellectual Property
1. Canada has 6,792 industrial design applications by nonresident entities, significantly higher than the average of 1,415.83 applications. This places Canada at rank 7 out of 112 countries in the dataset for this attribute.
2. In terms of industrial design applications by resident entities, Canada has 738 applications, below the average of 9,799.58 applications. Canada ranks 34 out of 113 countries in this category.
3. Canada has 30,113 patent applications by nonresidents, well above the average of 6,538.40 applications. This ranks Canada at 6 out of 129 countries.
4. For patent applications by residents, Canada has 4,452 applications, below the average of 19,037.56 applications, placing Canada at rank 15 out of 117 countries.
5. In terms of trademark applications by nonresident entities, Canada has 84,665 applications, significantly higher than the average of 15,878.93 applications. Canada ranks 4 out of 130 countries for this attribute.
6. For trademark applications by resident entities, Canada has 62,559 applications, below the average of 111,055.78 applications. Canada ranks 20 out of 129 countries in this category.
7. Canada has 65,821.57 scientific and technical journal articles, above the average of 15,103.76 articles, placing Canada at rank 12 out of 192 countries included in the data.
8. Charges for the use of intellectual property in Canada amount to approximately $13.88 billion, significantly higher than the average of $3.22 billion. Canada ranks 10 out of 143 countries for this statistic.
9. As for receipts from the use of intellectual property, Canada has approximately $7.13 billion, above the average of $3.19 billion, ranking Canada at 12 out of 122 countries for this attribute.
10. Canada has 5,076.24 researchers in Research & Development per million people, above the average of 2,556.45 researchers. This places Canada at rank 14 out of 72 countries in the dataset.
Summary
Canada outperforms global averages in various key macroeconomic indicators such as industrial design applications, patent applications, trademark applications, scientific and technical journal articles, and intellectual property charges and receipts. These indicators highlight Canada's strong innovation and research capabilities, positioning the country as a leader in intellectual property generation and utilization on the global stage.
Broad Economy Attributes
1. GDP (current US$): Canada's GDP is $1,655,684,730,000.19, which is significantly above the average GDP of $442,870,224,838.68. Canada ranks 9th out of 189 countries in terms of GDP.
2. GDP, PPP (current international $): Canada's GDP, purchasing power parity (PPP) is $1,838,812,704,451.83, well above the average of $734,141,122,350.78. Canada is ranked 16th out of 181 countries in GDP, PPP.
3. GDP per capita (current US$): Canada's GDP per capita is $43,562.44, much higher than the average of $15,462.11. Canada ranks 22nd out of 190 countries in GDP per capita.
4. GDP per capita, PPP (current international $): Canada's GDP per capita, PPP is $48,380.68, above the average of $21,251.89. Canada is ranked 22nd out of 181 countries in GDP per capita, PPP.
5. GNI (current US$): Canada's GNI is $1,643,688,332,920.87, significantly exceeding the average GNI of $452,040,815,370.70. Canada ranks 10th out of 185 countries in GNI.
6. GNI, PPP (current international $): Canada's GNI, PPP is $1,824,480,377,202.43, well above the average of $730,698,223,823.47. Canada is ranked 16th out of 181 countries in GNI, PPP.
7. GNI per capita, PPP (current international $): Canada's GNI per capita, PPP is $48,000, higher than the average of $20,615.75. Canada ranks 23rd out of 181 countries in GNI per capita, PPP.
Summary
Canada's key macroeconomic indicators such as GDP, GDP per capita, GNI, and GNI per capita consistently rank above global averages and position the country among the top performers internationally. These strong economic metrics are crucial as they reflect Canada's high level of economic development, standard of living, and overall economic stability compared to other nations. They also showcase Canada's significant contribution to the global economy and its resilience in maintaining robust economic performance.
Broad Value Added
Canada's Gross value added at basic prices (GVA) is $1.55 trillion, ranking 8th out of 176 countries and significantly above the average of $360.07 billion.
In terms of Agriculture, forestry, and fishing, value added (% of GDP), Canada's value of 1.84% falls below the average of 10.86%. It ranks 153rd out of 182 countries.
The country's Agriculture, forestry, and fishing value added in current US dollars stands at $30.46 billion, surpassing the average of $19.92 billion. Canada ranks 21st out of 182 countries.
Canada's Services value added (% of GDP) is 69.56%, higher than the average of 56.72%. This places Canada in the 23rd position out of 183 countries.
Regarding Services value added in current US dollars, Canada's value is $1.15 trillion, ranking 9th out of 183 countries and notably above the average of $295.83 billion.
Canada's Industry (including construction) value added in current US dollars is $371.73 billion, which is substantially above the average of $118.42 billion. This places Canada in the 12th position out of 183 countries.
Summary
Canada excels in Services value added, with a high percentage of GDP and a substantial value in current US dollars, ranking 9th and 23rd globally. However, its Agriculture, forestry, and fishing sector lags behind in both percentage of GDP and current US dollar value, ranking 153rd and 21st respectively. These findings are crucial as they highlight Canada's strong dependency on the services sector for economic growth, indicating potential vulnerabilities in the agricultural sector that may need to be addressed for a more balanced and sustainable economic development.
Manufacturing Value Added
Canada's manufacturing, value added is $149.27 billion, ranking 14th out of 173 countries. This is significantly above the average of $76.21 billion.
In terms of Manufacturing, value added as a percentage of GDP, Canada's value of 9.02% places it at 112th out of 173 countries, below the average of 11.90%.
Canada's Medium and high-tech manufacturing value added (% of manufacturing value added) at 34.29% is above the average of 24.49%, ranking 41st out of 149 countries.
With Chemicals (% of value added in manufacturing) at 10.58%, Canada ranks 39th out of 89 countries, slightly below the average of 11.56%.
Canada's Food, beverages and tobacco (% of value added in manufacturing) at 20.99% is below the average of 24.51%, placing Canada at 45th out of 92 countries.
For Machinery and transport equipment (% of value added in manufacturing), Canada's value of 22.41% is above the average of 16.85%, ranking 28th out of 93 countries.
Canada's Textiles and clothing (% of value added in manufacturing) at 1.23% is significantly below the average of 6.33%, placing Canada at 80th out of 93 countries.
Lastly, Canada's Other manufacturing (% of value added in manufacturing) at 44.78% is above the average of 42.13%, ranking 37th out of 94 countries.
Summary
Canada has a strong manufacturing sector with a high total value added, particularly excelling in medium and high-tech manufacturing and machinery and transport equipment. However, the country lags behind in textiles and clothing production. These indicators are crucial as they reflect Canada's industrial diversification, technological advancement, and competitiveness in the global market.
Money
Canada's consumer price inflation rate is 0.72%, which is significantly below the average of 8.26%. This places Canada at rank 114 out of 165 countries in terms of consumer price inflation.
Canada's GDP deflator inflation rate stands at 1.07%, also below the average of 6.90%. This positions Canada at rank 120 out of 188 countries in terms of GDP deflator inflation among the listed countries.
Summary
Canada's consumer price inflation and GDP deflator inflation rates are both below the global averages, ranking 114th and 120th respectively among a large group of countries. These lower inflation rates indicate a relative stability in the country's prices and overall economic performance compared to many other nations.
Consumption Expenditure
Final Consumption Expenditure (current US$): Canada's expenditure is $1.32 trillion, significantly above the average of $381.63 billion. Canada ranks 9th out of 159 countries in this category.
Final Consumption Expenditure (% of GDP): Canada's expenditure is 79.52% of its GDP, slightly below the average of 82.37%. Canada is ranked 83rd out of 159 countries in this metric.
General Government Final Consumption Expenditure (current US$): Canada's government expenditure is $375.86 billion, far exceeding the average of $93.68 billion. Canada ranks 8th out of 158 countries in this aspect.
General Government Final Consumption Expenditure (% of GDP): Canada's government expenditure is 22.70% of its GDP, above the average of 18.71%. Canada is ranked 33rd out of 158 countries in this measure.
Household and NPISHs Final Consumption Expenditure (current US$): Canada's household and NPISHs expenditure is $940.82 billion, well above the average of $290.13 billion. Canada ranks 9th out of 158 countries in this category.
Households and NPISHs Final Consumption Expenditure (% of GDP): Canada's household and NPISHs expenditure is 56.82% of its GDP, below the average of 63.68%. Canada is ranked 104th out of 158 countries in this statistic.
Summary
Canada's final consumption expenditure, both in total and by the government, significantly surpasses global averages, positioning the country prominently in the top rankings internationally. However, household and NPISHs final consumption expenditure as a percentage of GDP is relatively lower, placing Canada in a lower ranking compared to other countries. These indicators are crucial as they reflect Canada's economic activity, the role of government in driving expenditure, and the behavior of households in contributing to the overall GDP.
Equities
Canada ranks 3rd out of 72 countries in the total number of listed domestic companies, with 3922 companies. This is significantly above the attribute average of 636.625 companies.
Canada ranks 5th out of 71 countries in the total value of stocks traded, with a value of $1,954,060,880,000. This value is notably higher than the attribute average of $1,379,501,951,820.91.
Canada ranks 7th out of 71 countries in the total value of stocks traded as a percentage of GDP, with a value of 118.02%. This percentage is well above the attribute average of 31.65%.
Canada ranks 4th out of 73 countries in the market capitalization of listed domestic companies, with a value of $2,641,454,670,000. This figure is significantly higher than the attribute average of $1,196,037,851,618.88.
Canada ranks 7th out of 73 countries in the market capitalization of listed domestic companies as a percentage of GDP, with a value of 159.54%. This percentage is notably above the attribute average of 71.24%.
Canada ranks 29th out of 79 countries in the annual percentage change of the S&P Global Equity Indices, with a rate of 4.48%. This rate is higher than the attribute average of 2.06%.
Summary
Canada stands out in the global economic landscape with its strong performance in various key macroeconomic indicators. It ranks notably high in the total number of listed domestic companies, total value of stocks traded, market capitalization of listed domestic companies, and annual percentage change of the S&P Global Equity Indices. These indicators reflect Canada's robust and vibrant stock market, solid investor confidence, and overall economic stability, positioning the country as an attractive destination for investors seeking growth opportunities.
Investment
1. Foreign direct investment, net (BoP, current US$): Canada's value is $15,817,289,788.69, ranking 8th out of 169 countries. This is significantly above the attribute average of -$1,615,235,980.51.
2. Foreign direct investment, net inflows (BoP, current US$): Canada's value is $29,123,011,879.30, ranking 12th out of 182 countries. The value is notably higher than the attribute average of $5,749,271,080.15.
3. Foreign direct investment, net inflows (% of GDP): Canada's value is 1.76% of GDP, ranking 87th out of 178 countries. This value is below the attribute average of 2.61%.
4. Foreign direct investment, net outflows (BoP, current US$): Canada's value is $47,429,177,993.51, ranking 8th out of 156 countries. It significantly exceeds the attribute average of $5,707,991,116.07.
5. Foreign direct investment, net outflows (% of GDP): Canada's value stands at 2.86% of GDP, ranking 14th out of 155 countries. This is notably higher than the attribute average of 1.00%.
6. Portfolio Investment, net (BoP, current US$): Canada's value is -$66,245,673,954.96, ranking 157th out of 159 countries. This value is substantially below the attribute average of $679,559,169.57.
7. Portfolio equity, net inflows (BoP, current US$): Canada's value is -$9,630,614,218.34, ranking 119th out of 125 countries. It is significantly below the attribute average of $9,197,145,994.70.
Summary
Canada demonstrates a strong position in attracting foreign direct investment with high net inflows, positioning it among the top countries globally in terms of FDI. However, the country also has significant outflows of FDI, indicating its active participation in global investments. On the other hand, Canada's portfolio investment shows a deficit, reflecting a lower attractiveness for portfolio equity compared to direct investments.
These indicators are crucial for understanding Canada's economic openness, attractiveness to foreign investors, and its engagement in global financial markets. They provide insights into the country's integration into the global economy, its investment strategies, and potential impact on its domestic economy.
Broad Trade Attributes
Trade (% of GDP): Canada's trade value of 61.16% of GDP is below the attribute average of
82.34%. This places Canada at rank 95 out of 163 countries in the dataset.
Merchandise trade (% of GDP): Canada's value of 49.00% of GDP for merchandise trade is
below the average of 60.01%. Canada ranks 100 out of 186 countries.
Trade in services (% of GDP): Canada's percentage of GDP from trade in services, at
12.28%, is lower than the average of 24.63%. Canada occupies rank 103 out of 171 countries.
External balance on goods and services (current US$): Canada's balance of
-36,581,964,914.29 USD is significantly below the average of 3,405,509,011.13 USD. This places Canada at
rank 161 out of 163 countries.
External balance on goods and services (% of GDP): With an external balance of -2.21% of
GDP, Canada falls short of the average of -5.97%. Canada holds rank 79 out of 163 countries in this
aspect.
Summary
Canada's trade performance, both in terms of total trade and merchandise trade, is below global averages. The country also demonstrates a lower share of GDP from trade in services compared to the global average. Additionally, Canada's external balance on goods and services is in deficit, significantly below the average, indicating trade imbalance issues.
These indicators are crucial as they reflect Canada's level of integration in the global economy, its competitiveness in the trade of goods and services, and its ability to maintain a balanced trade position. Addressing these areas can enhance Canada's economic resilience and sustainability in the international market.
Net Trade
Canada's current account balance is -35373275363.7284 USD, ranking 167 out of 170 countries. This value is significantly below the average of 1443864831.4940138 USD.
The current account balance as a percentage of Canada's GDP is -2.13647409574915%, placing Canada at rank 95 out of 170 countries. This figure is slightly better than the average of -2.3613128705499826%.
Canada's net trade in goods and services stands at -36499244170.9959 USD, ranking 169 out of 171 countries. This value is substantially lower than the average of 2604730003.5650773 USD.
Canada's net primary income is 6063411058.98979 USD, ranking 12 out of 170 countries. This figure is much higher than the average of -903807529.7376518 USD.
The net secondary income for Canada is -4606916851.26493 USD, placing Canada at rank 152 out of 170 countries. This value is significantly below the average of -269227340.40242267 USD.
Canada's net trade in goods is -30276769555.7646 USD, ranking 165 out of 171 countries. This figure is well below the average of 1302831005.6800897 USD.
The net capital account for Canada is -35767887.7396248 USD, ranking 134 out of 159 countries. This value is below the average of 136543824.04518417 USD.
Canada's net financial account stands at -36230122725.2073 USD, placing Canada at rank 166 out of 170 countries. This figure is significantly lower than the average of -469840994.6309935 USD.
Summary
Canada's current account balance, net trade in goods and services, net primary income, net secondary income, net trade in goods, net capital account, and net financial account all reflect significant deficits compared to global averages. These indicators highlight Canada's reliance on foreign trade and investment to balance its economy. Addressing these deficits is crucial for Canada to ensure long-term economic stability and reduce vulnerability to external shocks.
Broad Export Attributes
Canada's exports of goods, services and primary income amount to approximately $588.82 billion, ranking 13th out of 170 countries in the dataset, well above the average of $146.24 billion. The country's exports of goods and services, valued at $490.11 billion, also exceed the average of $122.94 billion, ranking 12th out of 170 countries.
Canada's goods exports, totaling $390.56 billion, significantly surpass the average of $93.31 billion, ranking 12th out of 171 countries. Additionally, the country's exports of goods and services as a percentage of GDP stand at 29.47%, below the average of 38.19%, ranking 84th out of 163 countries. In the ICT goods exports category, Canada's percentage of 1.72% is below the average of 3.81%, placing it in the 51st position out of 142 countries.
Summary
Canada performs well above average in terms of total exports of goods, services, and primary income, as well as in goods exports specifically, ranking 13th and 12th out of 170 countries respectively. However, its exports as a percentage of GDP are lower than the average, standing at 29.47% compared to an average of 38.19%, ranking 84th out of 163 countries. The lower percentage highlights potential opportunities for Canada to further leverage its exporting potential relative to its economic output.
Merchandise Exports
Canada's merchandise exports amount to $390.76 billion, ranking 12th out of 187 countries. This value is significantly higher than the average merchandise exports of $89.54 billion.
When it comes to Agricultural raw materials exports (% of merchandise exports), Canada's value of 4.22% is above the average of 2.97%. Canada ranks 29th out of 151 countries in this category.
Canada's food exports account for 15.10% of merchandise exports, below the average of 24.06%. This places Canada at the 80th rank out of 152 countries.
In terms of fuel exports (% of merchandise exports), Canada's value of 19.33% exceeds the average of 13.70%. Canada ranks 33rd out of 147 countries in this aspect.
Canada's ores and metals exports constitute 8.34% of merchandise exports, slightly below the average of 9.10%. Canada holds the 34th rank out of 152 countries for this attribute.
For Merchandise exports by the reporting economy, residual (% of total merchandise exports), Canada's value is 0.04%, significantly lower than the average of 3.20%. Canada ranks 118th out of 166 countries in this category.
Summary
Canada stands out in merchandise exports by ranking 12th globally with a value of $390.76 billion, well above the average export value. While the country excels in fuel exports and falls slightly below average in ores and metals exports, it lags behind in food exports and agricultural raw materials exports. Understanding these export dynamics is crucial for Canada's economic development and trade strategies, as it indicates the composition of its trade and potential areas for growth or diversification.
Technology Exports
Canada's manufactures exports account for 46.92% of its merchandise exports, slightly above the average of 42.62%. This places Canada at rank 66 out of 152 countries in this category.
In terms of high-technology exports valued at $25,573,108,194, Canada surpasses the average of $16,655,934,078.80. With this value, Canada ranks 20 out of 151 countries included in the dataset.
Canada's high-technology exports as a percentage of manufactured exports stand at 15.33%, higher than the average of 10.15%. This places Canada at rank 33 out of 150 countries in this metric.
When considering medium and high-tech exports as a percentage of manufactured exports, Canada's value of 54.72% significantly exceeds the average of 34.29%. This places Canada at rank 40 out of 149 countries analyzed.
Summary
In summary, Canada performs above average in key indicators related to exports, including manufactures exports, high-technology exports value, high-technology exports as a percentage of manufactured exports, and medium and high-tech exports as a percentage of manufactured exports. These statistics are crucial as they showcase Canada's strong position in international trade, particularly in the high-tech sector, indicating its competitive edge and potential for further economic growth.
Service Exports
Service exports in Canada amount to $98,528,945,534.80, significantly higher than the average of $28,917,292,503.82. Canada ranks 14th out of 171 countries in this category.
Canada's ICT service exports stand at $14,571,873,679.06, well above the average of $4,578,501,153.77. The country holds the 13th position out of 166 countries.
ICT service exports as a percentage of total service exports in Canada are at 14.79%, exceeding the average of 11.75%. Canada is ranked 43rd out of 166 countries.
The percentage of communications, computer, and related services in Canada's total service exports is 65.43%, surpassing the average of 45.85%. The country ranks 36th out of 169 countries.
Canada's transport services contribute 10.37% to its service exports, lower than the average of 21.80%. This places Canada at 118th out of 169 countries.
Travel services make up 13.82% of Canada's service exports, below the average of 26.40%. Canada ranks 105th out of 167 countries.
Insurance and financial services account for 11.48% of Canada's total service exports, higher than the average of 6.46%. The country holds the 26th position out of 161 countries.
Summary
Canada excels in service exports, particularly in ICT services where it ranks highly both in absolute value and as a percentage of total service exports. The country also stands out in communications services but lags behind in transport and travel services. This diverse service export profile showcases Canada's strength in high-tech and communication sectors, indicating a competitive edge in the global market and potential for further growth and specialization in these areas.
Commercial Service Exports
Commercial service exports in Canada amount to $97,539,905,243.51, ranking 14th out of 171 countries. This value is significantly higher, by $69,031,686,840.71, than the average commercial service exports of $28,508,218,402.80.
Travel services contribute 13.96% to Canada's commercial service exports. This percentage is below the average of 27.89%, ranking Canada 107th out of 167 countries in this attribute.
Canada's Computer, communications, and other services represent 63.97% of its commercial service exports, surpassing the average by 21.54%. Canada ranks 36th out of 169 countries in this category.
Insurance and financial services constitute 11.59% of Canada's commercial service exports, which is higher than the average of 6.97%. Canada ranks 27th out of 161 countries for this attribute.
Transport services contribute 10.48% to Canada's commercial service exports, falling below the average of 23.37%. Canada ranks 119th out of 169 countries in this particular aspect.
Summary
Canada's commercial service exports are substantial, ranking 14th globally and significantly surpassing the average export value. The country excels in Computer, communications, and other services, but lags in Travel and Transport services compared to global averages. These findings are crucial for understanding Canada's economic strengths and areas for potential growth or improvement in its service export industry.
Broad Import Attributes
Canada's imports of goods and services amount to $524.57 billion, ranking 10th out of 163 countries. This value is significantly higher than the average imports of $126.19 billion.
The percentage of GDP spent on imports of goods and services by Canada is 31.68%, ranking 106th out of 163 countries. This percentage is lower than the average of 44.15%.
Canada's imports of ICT goods as a percentage of total goods imports is 7.71%, ranking 41st out of 143 countries. This value is slightly higher than the average of 6.85%.
Canada's goods imports amount to $420.83 billion, ranking 9th out of 171 countries. This value is significantly higher than the average imports of $92.01 billion.
Canada's imports of goods and services (Balance of Payments) total $526.94 billion, ranking 9th out of 170 countries. This value is significantly higher than the average imports of $120.32 billion.
Canada's total imports of goods, services, and primary income (Balance of Payments) amount to $617.66 billion, ranking 10th out of 170 countries. This value is significantly higher than the average imports of $144.51 billion.
Summary
Canada ranks high in terms of the value of imports of goods and services, ICT goods, and overall imports compared to global averages and other countries. Despite ranking lower in percentage of GDP spent on imports, Canada's significant import volumes indicate its strong participation in international trade and integration into the global economy, which can contribute to economic growth and development through access to a variety of goods and services.
Merchandise Imports
Canada's merchandise imports amount to $420.58 billion, ranking 10th out of 190 countries. This is significantly above the average of $89.39 billion.
In terms of Manufactures imports (% of merchandise imports), Canada stands at 76.34%, ranking 27th out of 152 countries. This is higher than the average of 66.76%.
When it comes to Agricultural raw materials imports (% of merchandise imports), Canada is at 0.79%, ranking 112th out of 152 countries. This is below the average of 1.27%.
Canada's Food imports (% of merchandise imports) constitute 9.37%, placing it at 125th out of 152 countries, below the average of 15.89%.
Fuel imports (% of merchandise imports) in Canada stand at 4.97%, ranking 132nd out of 152 countries, which is below the average of 11.38%.
Canada's Ores and metals imports (% of merchandise imports) represent 3.51%, ranking 34th out of 152 countries, higher than the average of 2.57%.
Lastly, Merchandise imports by the reporting economy, residual (% of total merchandise imports) in Canada are at 0.73%, ranking 69th out of 180 countries, below the average of 2.51%.
Summary
Canada's key macroeconomic indicators for merchandise imports show a significant total value compared to the global average, with a notable reliance on manufactured goods. However, the country's lower reliance on agricultural raw materials, food, and fuel imports indicates a diversified import portfolio that may contribute to supply chain resilience and economic stability.
Service Imports
Canada's service imports amount to $104.75 billion, ranking 13th out of 171 countries, significantly above the average of $27.62 billion. In terms of Communications, computer, etc., Canada's 59.10% is higher than the average of 44.40%, placing it 41st out of 169 countries. Transport services, at 16.79%, are below the average of 32.90%, ranking Canada 149th out of 169 countries. For Travel services, Canada's 11.53% is also lower than the average of 14.14%, placing it 80th out of 169 countries. Lastly, Canada's Insurance and financial services, at 14.21%, surpass the average of 8.53%, ranking Canada 29th out of 169 countries.
Summary
Canada has a strong presence in the global service imports market, ranking 13th out of 171 countries with an amount of $104.75 billion. Its above-average performance in Communications, computer, etc., and Insurance and financial services highlights its competitive edge in these sectors. However, its below-average performance in Transport and Travel services may indicate areas for improvement to enhance its global competitiveness and economic growth.
Commercial Service Imports
Canada's commercial service imports amount to $103.62 billion, ranking 13th out of 171 countries. This value is significantly higher than the average of $27.10 billion.
In terms of computer, communications, and other services as a percentage of commercial service imports, Canada is at 57.01%, above the average of 41.71%. This places Canada at rank 46 out of 169 countries in the dataset.
Canada's insurance and financial services as a percentage of commercial service imports stand at 14.37%, exceeding the average of 8.85%. This ranks Canada 29th out of 169 countries.
Transport services account for 16.97% of Canada's commercial service imports, below the average of 34.71%. This places Canada at a lower rank, specifically 151st out of 169 countries.
Travel services make up 11.66% of Canada's commercial service imports, below the average of 14.73%. In this category, Canada ranks 82nd out of 169 countries.
Summary
Canada stands out in its commercial service imports, surpassing the global average across various sectors such as computer services, insurance, and financial services. However, the lower representation of transport and travel services in its commercial imports indicates potential areas for growth and diversification. These indicators are crucial for assessing Canada's economic openness, sectoral strengths, and areas that may require policy attention to enhance competitiveness and trade relations with other countries.
Infrastructure
Canada's passenger railways carried 229 million passenger-km, significantly below the attribute average of 32,281.92 million passenger-km, ranking 51 out of 64 countries.
For goods transported by railways, Canada transported 444,032 million ton-km, well above the average of 119,231.19 million ton-km, ranking 5 out of 62 countries.
In air transport, Canada moved 2306.17 million ton-km of freight, higher than the average of 1384.37 million ton-km, ranking 16 out of 126 countries.
Canada had 511,637 registered carrier departures globally, significantly higher than the average of 134,365.61 departures, ranking 6 out of 149 countries.
Regarding passengers carried by air transport, Canada served 27.62 million passengers, surpassing the average of 11.85 million passengers, ranking 15 out of 149 countries.
Container port traffic in Canada reached 6,298,023 TEUs, slightly below the average of 6,907,110.27 TEUs, ranking 28 out of 110 countries.
Canada's rail lines spanned 48,309.23 total route-km, well above the average of 12,204.74 total route-km, ranking 5 out of 66 countries.
Summary
Canada performs exceptionally well in transporting goods and passengers via railways and air transport, ranking above average globally in ton-km transported, carrier departures, and passengers served. However, it falls slightly below average in terms of container port traffic. These indicators are crucial as they reflect Canada's efficiency in moving goods and people, contributing to its overall economic development and connectivity with global markets.
Information Technology Infrastructure
Canada has 1,515,773 secure internet servers, ranking 9th out of 193 countries, which is significantly higher than the average of 458,294 servers. It also has 39,881 secure internet servers per 1 million people, ranking 21st out of 193 countries, well above the average of 14,067 servers per million people.
In terms of individuals using the internet, 92.3% of the population in Canada are internet users, ranking 23rd out of 180 countries, above the average of 64.77%. Canada also stands out in fixed broadband subscriptions with 15,572,220 subscriptions, ranking 16th out of 185 countries, exceeding the average of 6,591,956 subscriptions.
However, in terms of mobile cellular subscriptions, Canada has 32,360,144 subscriptions, which is below the average of 42,526,463 subscriptions, resulting in a ranking of 45th out of 193 countries.
Summary
Canada boasts a high number of secure internet servers, ranking 9th globally, and a relatively high percentage of internet users at 92.3%. The country also excels in fixed broadband subscriptions, ranking 16th worldwide. However, its number of mobile cellular subscriptions is below the global average, ranking 45th.
These statistics are crucial indicators of Canada's digital infrastructure and connectivity levels. High numbers of secure internet servers and internet users demonstrate a strong technological foundation and widespread internet access. On the other hand, the lower ranking in mobile cellular subscriptions may highlight areas for improvement in mobile connectivity and accessibility for Canadians.
Energy Consumption
Canada's renewable energy consumption accounts for 23.85% of its total final energy consumption, which is below the average of 32.18%. The country ranks 93 out of 191 countries in this statistic.
In terms of CO2 emissions, Canada emits 516,873.7 kt, significantly above the average of 171,895.94 kt. With this figure, Canada ranks 10 out of 188 countries in CO2 emissions.
Summary
Canada's renewable energy consumption is below the global average, ranking 93rd out of 191 countries. However, its CO2 emissions are significantly higher than the average, placing Canada 10th out of 188 countries in this regard. These indicators are crucial as they showcase Canada's current standing in terms of environmental sustainability and carbon footprint compared to the rest of the world.
Government Balance Sheet
Canada's net acquisition of financial assets (% of GDP) stands at 9.10%, significantly higher than the average of 2.45%. This places Canada at rank 5 out of 87 countries in the dataset.
The Central government debt, total (% of GDP) for Canada is 74.55%, slightly above the average of 74.12%. Canada ranks 25 out of 61 countries in this data set.
Canada's net incurrence of liabilities, total (% of GDP), at 18.68%, exceeds the average of 7.43%. This ranks Canada at 5 out of 92 countries.
With reserves and related items at $1,281,870,376.05, Canada falls below the average of $1,924,407,186.58, ranking 39 out of 171 countries.
Canada's total reserves minus gold amount to $90,428,136,419.35, significantly higher than the average of $74,221,588,171.61, placing Canada at rank 22 out of 161 countries.
Similarly, Canada's total reserves (including gold) are $90,428,136,419.35, surpassing the average of $85,708,019,773.47, and ranking 26 out of 161 countries.
Canada's total reserves in months of imports is 1.76, below the average of 7.10. This places Canada at rank 133 out of 151 countries.
Summary
Canada performs well in terms of net acquisition of financial assets, net incurrence of liabilities, and total reserves when compared to global averages. However, the country falls short in Central government debt ratio, reserves and related items amount, and total reserves in months of imports. These statistics are crucial as they indicate Canada's financial stability, its ability to meet international financial obligations, and its capacity to weather economic uncertainties.
Government Revenue
Canada's Revenue, excluding grants (% of GDP) is 19.04%, which is below the attribute average of 27.02%. Canada ranks 88 out of 122 countries in this category.
Grants and other revenue (% of revenue) in Canada is 7.12%, significantly lower than the attribute average of 23.54%. Canada is ranked 96 out of 108 countries in this aspect.
Social contributions (% of revenue) in Canada stand at 22.14%, just slightly below the attribute average of 22.29%. Canada holds the 42nd rank out of 81 countries in this regard.
Canada's Taxes on goods and services (% of revenue) is 13.33%, well below the attribute average of 31.82%. Canada holds the 112th rank out of 122 countries in this category.
Taxes on international trade (% of revenue) in Canada are at 0.95%, significantly below the attribute average of 6.24%. Canada is positioned 83rd out of 101 countries in this aspect.
Canada's Taxes on income, profits, and capital gains (% of revenue) stand at 56.46%, significantly above the attribute average of 24.66%. Canada ranks 2nd out of 119 countries in this category.
Summary
Canada's macroeconomic indicators show that the country has a lower revenue, excluding grants, compared to the global average, ranking 88th. Additionally, Canada has significantly lower grants and other revenue as a percentage of total revenue, ranking 96th. However, the country excels in collecting taxes on income, profits, and capital gains, ranking 2nd globally.
These findings are crucial for understanding Canada's fiscal health and economic policies. The low rankings in revenue and grants indicate potential challenges in generating sufficient income for government operations and development projects. On the other hand, the high ranking in taxes on income reflects a strong tax base but could also imply a heavier tax burden on individuals and businesses, impacting investment and economic growth.
Taxes
Canada's tax revenue accounts for 13.50% of its GDP, which is below the average of 16.72%. This places Canada at rank 83 out of 123 countries in the dataset.
When it comes to taxes on income, profits, and capital gains, Canada's contribution is notably high at 79.82%, surpassing the average of 38.40%. This ranks Canada 2nd out of 120 countries.
In terms of the weighted mean tariff rate on all products, Canada applies a rate of 1.49%, which is lower than the average of 5.21%. This places Canada at rank 110 out of 153 countries.
Summary
Canada's tax revenue as a percentage of GDP is lower than the average, ranking 83rd out of 123 countries. However, when it comes to taxes on income, profits, and capital gains, Canada's contribution is significantly higher, ranking 2nd out of 120 countries. Additionally, Canada maintains a lower weighted mean tariff rate on all products compared to the average, placing it at 110th out of 153 countries. These indicators are crucial as they reflect Canada's taxation policies, revenue generation efficiency, and trade competitiveness in the global market.
Government Expenses
Canada's Expense (% of GDP) is 28.57, slightly below the average of 31.69. It ranks 70 out of 123 countries in the dataset.
The Compensation of employees (% of expense) in Canada is 7.08, significantly below the average of 24.70. This places Canada at rank 116 out of 123 countries.
When looking at Goods and services expense (% of expense), Canada's value of 4.95 is lower than the average of 14.77. Canada ranks 112 out of 122 countries in this aspect.
Canada's Interest payments (% of expense) stand at 3.68, which is also below the average of 6.85. With this, Canada ranks 73 out of 121 countries.
In terms of Other expense (% of expense), Canada's value of 4.26 is lower than the average of 8.29. This places Canada at rank 84 out of 120 countries.
Lastly, Canada's Subsidies and other transfers (% of expense) is at 80.04, significantly higher than the average of 43.29. This places Canada at an impressive rank of 5 out of 121 countries.
Summary
Canada demonstrates a prudent fiscal policy with its Expense (% of GDP) below the average, particularly excelling in Subsidies and other transfers. However, the country's Compensation of employees and Goods and services expense are notably lower than the average, indicating potential challenges in labor compensation and investment in goods and services compared to its peers. These indicators are crucial as they reflect how efficiently a country allocates its resources, manages its expenses, and supports key sectors of its economy.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Military expenditure (current USD) | 13/149 |
| Forest area (sq. km) | 3/191 |
| Land area (sq. km) | 4/194 |
| Surface area (sq. km) | 2/194 |
| Arable land (hectares) | 7/190 |
| Land under cereal production (hectares) | 9/174 |
| Renewable internal freshwater resources, total (billion cubic meters) | 3/178 |
| Cereal production (metric tons) | 8/174 |
| Industrial design applications, nonresident, by count | 7/112 |
| Patent applications, nonresidents | 6/129 |
| Trademark applications, nonresident, by count | 4/130 |
| Scientific and technical journal articles | 12/192 |
| Charges for the use of intellectual property, payments (BoP, current US$) | 10/143 |
| Charges for the use of intellectual property, receipts (BoP, current US$) | 12/122 |
| GDP (current US$) | 9/189 |
| GDP, PPP (current international $) | 16/181 |
| GNI (current US$) | 10/185 |
| GNI, PPP (current international $) | 16/181 |
| Gross value added at basic prices (GVA) (current US$) | 8/176 |
| Services, value added (current US$) | 9/183 |
| Industry (including construction), value added (current US$) | 12/183 |
| Manufacturing, value added (current US$) | 14/173 |
| Final consumption expenditure (current US$) | 9/159 |
| General government final consumption expenditure (current US$) | 8/158 |
| Household and NPISHs Final consumption expenditure (current US$) | 9/158 |
| Listed domestic companies, total | 3/72 |
| Stocks traded, total value (current US$) | 5/71 |
| Stocks traded, total value (% of GDP) | 7/71 |
| Market capitalization of listed domestic companies (current US$) | 4/73 |
| Market capitalization of listed domestic companies (% of GDP) | 7/73 |
| Foreign direct investment, net (BoP, current US$) | 8/169 |
| Foreign direct investment, net inflows (BoP, current US$) | 12/182 |
| Foreign direct investment, net outflows (BoP, current US$) | 8/156 |
| Foreign direct investment, net outflows (% of GDP) | 14/155 |
| Net primary income (BoP, current US$) | 12/170 |
| Exports of goods, services and primary income (BoP, current US$) | 13/170 |
| Exports of goods and services (BoP, current US$) | 12/170 |
| Exports of goods and services (current US$) | 13/163 |
| Goods exports (BoP, current US$) | 12/171 |
| Merchandise exports (current US$) | 12/187 |
| Service exports (BoP, current US$) | 14/171 |
| ICT service exports (BoP, current US$) | 13/166 |
| Commercial service exports (current US$) | 14/171 |
| Imports of goods and services (current US$) | 10/163 |
| Goods imports (BoP, current US$) | 9/171 |
| Imports of goods and services (BoP, current US$) | 9/170 |
| Imports of goods, services and primary income (BoP, current US$) | 10/170 |
| Merchandise imports (current US$) | 10/190 |
| Service imports (BoP, current US$) | 13/171 |
| Commercial service imports (current US$) | 13/171 |
| Railways, goods transported (million ton-km) | 5/62 |
| Air transport, registered carrier departures worldwide | 6/149 |
| Rail lines (total route-km) | 5/66 |
| Secure Internet servers | 9/193 |
| Fixed broadband subscriptions | 16/185 |
| CO2 emissions (kt) | 10/188 |
| Net acquisition of financial assets (% of GDP) | 5/87 |
| Net incurrence of liabilities, total (% of GDP) | 5/92 |
| Taxes on income, profits and capital gains (% of revenue) | 2/119 |
| Taxes on income, profits and capital gains (% of total taxes) | 2/120 |
| Subsidies and other transfers (% of expense) | 5/121 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Portfolio Investment, net (BoP, current US$) | 157/159 |
| Portfolio equity, net inflows (BoP, current US$) | 119/125 |
| External balance on goods and services (current US$) | 161/163 |
| Current account balance (BoP, current US$) | 167/170 |
| Net trade in goods and services (BoP, current US$) | 169/171 |
| Net trade in goods (BoP, current US$) | 165/171 |
| Net financial account (BoP, current US$) | 166/170 |
| Taxes on goods and services (% of revenue) | 112/122 |
| Compensation of employees (% of expense) | 116/123 |
| Goods and services expense (% of expense) | 112/122 |