Canada GDP Measure

A Canada GDP Measure is a national GDP measure that can be used to create economic indicator systems (that support economic analysis tasks).

• AKA: Canadian Gross Domestic Product, Canadian GDP Statistic, Canada Economic Output Measure.
• Context:
  • It can typically measure Canada Economic Output through Canada government statistical methods.
  • It can typically quantify Canada Economic Activity through Canada GDP calculation formulas.
  • It can typically track Canada Economic Performance through Canada economic reporting periods.
  • It can typically assess Canada Economic Health through Canada economic assessment methods.
  • It can typically represent Canada Market Value of all Canada final goods and Canada services.
  • ...
  • It can often provide Canada Economic Comparison through Canada historical economic data.
  • It can often enable Canada Policy Decision through Canada economic forecasts.
  • It can often inform Canada Investment Strategy through Canada economic trend analysis.
  • It can often support Canada Budget Planning through Canada economic projections.
  • ...
  • It can range from being a Raw Canada GDP Measure to being an Adjusted Canada GDP Measure, depending on its Canada economic adjustment factors.
  • It can range from being a Nominal Canada GDP Measure to being a Real Canada GDP Measure, depending on its Canada inflation adjustment approach.
  • It can range from being a Historical Canada GDP Measure to being a Forecast Canada GDP Measure, depending on its Canada economic time frame.
  • It can range from being a Quarterly Canada GDP Measure to being an Annual Canada GDP Measure, depending on its Canada economic reporting period.
  • ...
  • It can be calculated by Statistics Canada for Canada economic reporting purposes.
  • It can be reported in Canadian dollar values for Canada economic standardization.
  • It can be analyzed by Canada economic analysts for Canada economic trend identification.
  • It can be normalized through Canada per capita calculation for Canada population-adjusted comparisons.
  • It can be tracked through Canada GDP growth rate calculation for Canada economic performance evaluation.
  • ...
• Examples:
  • Canada GDP Measure Time Periods, such as:
    • Historical Canada GDP Measures, such as:
      • Canada GDP Measure (1960) of 41.1 billion Canadian dollars, during early resource-based economy.
      • Canada GDP Measure (1980) of 309.9 billion Canadian dollars, during energy crisis economic period.
      • Canada GDP Measure (2000) of 1.1 trillion Canadian dollars, during technology sector growth.
      • Canada GDP Measure (2016) of 2.0 trillion Canadian dollars, during commodity price fluctuation period.
      • Canada GDP Measure (2023) of 2.6 trillion Canadian dollars, during post-pandemic economic recovery.
    • Current Canada GDP Measures, such as:
      • Canada GDP Measure (Q1 2024) for current economic assessment.
      • Canada GDP Measure (Q2 2024) for quarterly economic comparison.
    • Forecast Canada GDP Measures, such as:
      • Canada GDP Measure (2025 Forecast) for short-term economic planning.
      • Canada GDP Measure (2030 Projection) for medium-term economic planning.
  • Canada GDP Measure Types, such as:
    • Nominal Canada GDP Measures, such as:
      • Canada Current Dollar GDP for unadjusted economic output measurement.
      • Canada Market Value GDP for current price economic valuation.
    • Real Canada GDP Measures, such as:
      • Canada Inflation-Adjusted GDP for price-normalized economic comparison.
      • Canada Chained Dollar GDP for inflation-controlled economic analysis.
  • Canada GDP Measure Normalizations, such as:
    • Canada Per Capita GDP Measures, such as:
      • Canada GDP Per Person for population-adjusted economic comparison.
      • Canada GDP Per Working Adult for workforce-adjusted economic analysis.
    • Canada GDP Growth Rates, such as:
      • Canada Quarterly GDP Growth Rate for short-term economic trend analysis.
      • Canada Annual GDP Growth Rate for yearly economic performance assessment.
  • Canada GDP Measure By Provinces, such as:
    • Ontario GDP Measure for provincial economic comparison.
    • Quebec GDP Measure for regional economic analysis.
    • Alberta GDP Measure for resource economy assessment.
    • British Columbia GDP Measure for west coast economic evaluation.
  • ...
• Counter-Examples:
  • International GDP Measures, which measure non-Canadian economic output rather than Canada economic output.
  • Canada GNP Measure, which includes Canada overseas production but excludes foreign production in Canada.
  • Canada Income Measures, which track Canada individual earnings rather than Canada total production.
  • Canada Stock Market Measures, which represent Canada equity valuations rather than Canada total economic output.
  • Canada Debt Measures, which quantify Canada financial obligations rather than Canada economic production.
• See: National Economic Indicator, Canada Economy Measure, Canada GNP Measure, Canada National Debt, Canada Economic Growth Rate, North American GDP Comparison.

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References

• https://www150.statcan.gc.ca/n1/pub/13-607-x/13-607-x2016001-eng.htm
• https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=CA

2023

• Statistics Canada. "Gross domestic product (GDP) at basic prices, by industry, annual average." In: Home > Data > Tables > GDP at basic prices, by industry

2016

• Bank of Canada. "Gross Domestic Product at Market Prices, 2016." In: Home > Statistics > Key Interest Rate and Monetary Policy Variables

2014

• (Drummond, 2014) ⇒ Don Drummond. (2014). "The Canadian Productivity Challenge." Centre for the Study of Living Standards.
  • QUOTE: The GDP of Canada grew at an average annual rate of 2.1 percent from 2000 to 2013, compared to the OECD average of 1.7 percent. Despite this relatively good performance, Canadian productivity growth has been modest, averaging only 0.9 percent annually during this period.

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