The general pattern of development for wealthy nations was a transition from a raw material production based economy to a manufacturing based one, and then to a service based economy. They rely both on the quantitative attributes of the data sources used, such as sample size, response rate and coefficient of variation, and on the expert judgment of analysts who undertake data integration of these various sources. [43], International trade makes up a large part of the Canadian economy, particularly of its natural resources. Preliminary estimates are released in the spring following the end of the reference period, and revised in the fall of the same year.

[57], In a January 9, 2019 statement on the release of the Monetary Policy Report, Bank of Canada Governor Stephen S. Poloz summarized major events since the October report, such as "negative economic consequences" of the US-led trade war with China. Canada possesses large oil and gas resources centred in Alberta and the Northern Territories, but also present in neighbouring British Columbia and Saskatchewan.

The electricity sector in Canada has played a significant role in the economic and political life of the country since the late 19th century. In July 2020, the construction industry of Canada … Only five provinces use coal for electricity generation.

The second-largest single source of power (15% of the total) is nuclear power, with several plants in Ontario generating more than half of that province's electricity, and one generator in New Brunswick. [62], As a result, interest rates and inflation eventually came down along with the value of the Canadian dollar. Table: The Organisation for Economic Co-operation and Development (OECD)'s[notes 1] Compendium of Productivity Indicators,[54] published annually, presents a broad overview of productivity levels and growth in member nations, highlighting key measurement issues. At the same time the vast majority of these resources are exported, integrating Canada closely into the international economy. Various confidentiality rules are applied to all data that are released or published to prevent the publication or disclosure of any information deemed confidential. Canada was the world's nineteenth-largest steel exporter in 2018. [57] Inflation is measured by the total consumer price index (CPI). Table 1 shows GDP By Industry growth by province and territory since 2015. Only industries and certain aggregates that provide good continuity back to 1997 have data from 1997 to 2006. The Canadian economic system generally combines elements of private enterprise and public enterprise. In 2000, Canada spent approximately CDN$4.6 billion on supports for the industry. Data are extracted from administrative files and derived from other Statistics Canada surveys and/or other sources. This makes Canada the world's sixth-largest producer of electricity generated by nuclear power, producing 95 TWh in 2017. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The increase was broad based, with 19 of 20 sectors seeing gains except in management of companies and enterprises (-7.6 per cent). For the years following these most recent tables, estimates of GDP in these periods are projections that are based on such proxy indicators as output or employment. The following table shows the main economic indicators in 1980–2018.

In recent decades Canadians have become less willing to accept the environmental destruction associated with exploiting natural resources.

As well, the growth rates of total GDP by industry are reconciled with the growth rates of total income and expenditure based GDP by province and territory (record number 1902). [63], In response to the Bank of Canada's July 15, 2015 rate adjustment, Prime Minister Stephen Harper explained that the economy was "being dragged down by forces beyond Canadian borders such as global oil prices, the European debt crisis, and China's economic slowdown" which has made the global economy "fragile". Instead many Canadian companies have focused their exploration, exploitation and expansion activities overseas where prices are lower and governments more amenable. This has led to fewer workers in this sector and a migration of retail jobs to the suburbs. The logging industry, after many years of activism, has in recent years moved to a more sustainable model, or to other countries. Gross Domestic Product by industry at basic prices is a measure of the economic production which takes place within the geographical boundaries of Canada. Gross Domestic Product (GDP) of Canada in July 2020, by industry (in million chained 2012 Canadian dollars) [Graph]. Is something not working? Data at the working level industry, the lowest level of industry detail for which GDP estimates are compiled directly, is verified for large year-to-year percentage changes and potential issues arising from source data as well as analyzed for time series consistency, links to current economic events and with respect to coherence with related economic indicators not used in the derivation of the GDP estimates. The economy of Canada is a highly developed market economy.

In addition, as the GDP by industry program relies on the annual estimates of real GDP obtained from the Supply, Use and Input-Output tables, the quality of these estimates has a direct influence on the quality of the GDP measures. [108][109] This made Canada the second largest investing country in the U.S for 2018[110] US investments are primarily directed at Canada's mining and smelting industries, petroleum, chemicals, the manufacture of machinery and transportation equipment, and finance, while Canadian investment in the United States is concentrated in manufacturing, wholesale trade, real estate, petroleum, finance, and insurance and other services. [55], The mandate of the central bank—the Bank of Canada is to conduct monetary policy that "preserves the value of money by keeping inflation low and stable". "Gross Domestic Product (GDP) of Canada in July 2020, by industry (in million chained 2012 Canadian dollars)." [35] The country's average household disposable income per capita is "well above" the OECD average.

Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods. Box 2000 List of the largest trading partners of Canada, decline of the manufacturing sector in the Netherlands, Canada–United States Free Trade Agreement, Canada–European Free Trade Association Free Trade Agreement, Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Comprehensive Economic and Trade Agreement, Comparison of Canadian and American economies, History of the petroleum industry in Canada, List of Median household income of cities in Canada, List of Commonwealth of Nations countries by GDP, List of Canadian provinces and territories by gross domestic product, "Gross domestic product (GDP) at basic prices, by industry", "World Economic Outlook Database, April 2019", "Canada's population estimates, third quarter 2019", "World Economic Outlook Database, October 2020", "Canada's Official Poverty Dashboard of Indicators: Trends, September 2020", "Gini coefficients of adjusted market, total and after-tax income", "Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months", "Payroll employment, earnings and hours, September 2019", "Canada's balance of international payments, first quarter 2019", "Development aid rises again in 2016 but flows to poorest countries dip", "Moody's Affirms Canada's Aaa Rating; Maintains Stable Outlook", "Fitch Downgrades Canada's Ratings to 'AA+'; Outlook Stable", "International Reserves and Foreign Currency Liquidity - CANADA", "Actual hours worked per week by industry, seasonally adjusted crack", "10 Countries with the Most Natural Resources", "Jonathan Kay: The key to Canada's economic advantage over the United States?