The Canada GDP – Gross Domestic Product per capita was roughly 42, 418.5 US$ in 2016. It has increased to 48, 466.33 US$ in 2018. Canada is perceived as one of the leading nations globally specifically due to its strong economy. It is also acknowledged for the strong international ties, especially with the US.
Canada and the US have economic, social, and political similarities. This further accentuates this relationship. Canada and the US was and remains each other’s most important and primary trade partners.
The statistics below show Canada GDP per capita Growth Trends from 2018 till 2022:
|Year||Canada GDP per capita in US $|
Canada had one of the largest Gross Domestic Products per capita values globally in 2014. This value has only increased after 2010. The nation had although witnessed a marginal downturn owing to the 2008 financial crisis, as quoted by the Statista.
The economy of Canada is partially supported by its exports. The most crucial amongst the exports is the crude oil that was the nation’s largest exports type. The country was also amongst the leading oil exporters globally in 2013 and exported more than the US.
In addition, Canada was also a major goods exporter for mechanical appliances and motor vehicles. This subsequently raked the nation as one of the top exporting nations globally in 2013.
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