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Country Forecast Canada September 2018

Country Forecast. Canada, 2018

(c) 2018 The Economist Intelligence Unit Ltd. All rights reserved. Reproduced with permission of the copyright owner. No further reproduction is permitted. ;ISSN: 0966-9329 ;EISSN: 2048-9234

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  • Title:
    Country Forecast Canada September 2018
  • Subjects: Baby boomers ; Climate change ; Consumer goods ; Consumption ; Current accounts ; Economic forecasts ; Economic growth ; Economic indicators ; Economic structure ; Employment ; Exports ; Forecasts ; Foreign exchange rates ; Foreign investment ; GDP ; Gross Domestic Product ; Immigration ; Infrastructure ; Interest rates ; International trade ; National debt ; Politics ; Population growth ; Prices ; Primaries & caucuses ; Productivity ; Purchasing power parity ; State elections ; Tax rates ; Terms of trade ; Trade agreements ; Wages & salaries
  • Is Part Of: Country Forecast. Canada, 2018
  • Description: 2017 2018 2019 2020 2021 2022 Real GDP growth (%) 3.0 2.1 1.8 1.7 1.9 2.0 Consumer price inflation (av, %) 1.6 2.3 2.0 1.5 1.7 2.0 Budget balance (% of GDP) -1.0 -2.3 -2.4 -2.3 -2.3 -1.8 Current-account balance (% of GDP) -3.0 -2.3 -1.3 -1.5 -1.5 -1.7 3-month prime corporate paper rate (av; %) 1.1 1.7 2.2 2.0 1.8 2.1 Exchange rate C$:US$ (av) 1.3 1.3 1.3 1.3 1.3 1.3 The economy will grow at a modest pace of 2% per year in 2018-19, before a cyclical downturn in the US triggers a slowdown in Canada in 2020. 2017 2018 2019 2020 2021 2022 GDP (US$ bn at market exchange rates) 1,653 1,730 1,780 1,920 1,948 2,070 GDP per head (US$ at market exchange rates) 45,131 46,811 47,741 51,057 51,363 54,134 Personal disposable income (US$ bn) 964 1,016 1,045 1,127 1,142 1,209 Household consumption (US$ bn) 954.7 1,002.3 1,031.2 1,111.5 1,127.6 1,193.9 Household consumption per head (US$) 26,070 27,120 27,660 29,560 29,730 31,220 Canada is an attractive market because of its high income levels, but it is small in comparison with other, more populous countries. 2018-30 2031-50 2018-50 Growth and productivity (% change; annual av) Growth of real GDP per head 1.2 1.2 1.2 Growth of real GDP 2.0 1.8 1.8 Labour productivity growth 1.9 1.4 1.6 The economy is forecast to expand by an average of 1.9% per year in real terms in 2018-50, slower than the 2.1% annual average growth rate achieved in 2000-16. Fact sheet Annual data 2017a Historical averages (%) 2013-17 Population (m) 36.6 Population growth 1.0 GDP (US$ bn; market exchange rate) 1,652.9b Real GDP growth 2.2 GDP (US$ bn; purchasing power parity) 1,714.4b Real domestic demand growth 1.7 GDP per head (US$; market exchange rate) 45,131 Inflation 1.4 GDP per head (US$; purchasing power parity) 46,810 Current-account balance (% of GDP) -3.1 Exchange rate (av) C$:US$ 1.30b FDI inflows (% of GDP) 3.0 a Economist Intelligence Unit estimates. b Actual.
  • Publisher: New York: The Economist Intelligence Unit N.A., Incorporated
  • Language: English
  • Identifier: ISSN: 0966-9329
    EISSN: 2048-9234
  • Source: ProQuest Central
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