Canadian macroeconomics

Canada's place in the modern world economy
2nd place in the world by area (9.8 million square km)
The world's 30th largest population (34.8 million people in 2012)
GDP (2012) - us $ 1.8 trillion
GDP per capita - us $ 50,856
Inflation -1.7%
State debt – 87.5% of GDP

Canada's GDP growth rate, % per year

"Whales" of canadian prosperity
Among the" whales " of canadian prosperity, most often called the wealth of natural resources, an efficient economic system (legislation inherited from the UK) and the neighborhood with the United States, with which the country has a vast border and is part of NAFTA
Lack of skilled labor in many areas

Canada's place in the modern world economy
The level of research and development expenditures in Canada is traditionally lower than in other countries, the US, Germany, and Japan – 1.8% of GDP
Lower productivity in industry
Member Of The British Commonwealth

Companies
500 largest companies in the world according to the Fortune magazine rating 11 canadian Manulife Financial ($36.5 billion), Royal Bank of Canada ($34.7 billion), Suncor Energy ($34.3 billion), Power Corp. of Canada ($32 billion), George Weston ($31.1 billion)

Major exporter
Canada is the world's largest exporter, accounting for about 3% of global exports. Given that Canada's GDP is only about 2%, the country is more open to international trade than the neighboring United States

Features of Canada's macroeconomic development model
Social market economy, not a liberal model of economy
Reasons: a strong state, the need for large public expenditures for the development of new territories
State funding of medicine and education

Features of Canada's macroeconomic development model
taxes make up 31% of GDP in Canada, while the average for OECD countries is 35%
direct taxes on average wages are 46% in Canada and less than 30% in the US
the level of company taxation in Canada also ranges from 4% for manufacturing companies to 12.5% in the service sector, which exceeds the tax rates in the United States

The Keynesian period
after world war 2, almost all key industries were under state control
active countercyclical regulation
social reforms
Canadian plan to help the poor

Transformation of the canadian conservatives by Brian Mulroney
Resembled the main programs of "Reaganomics" in the United States
Privatization of state-owned enterprises
Social reforms
The decentralization of budgets
Reducing public debt

Current state of the canadian economy
Service sector-71%
Industry – 27%
Agriculture – 2%
The volume of exports is 462 billion dollars.
Exports vehicles, industrial equipment, aircraft, telecommunications equipment, chemicals, plastic products, fertilizers, wood, oil, gas, electricity, aluminum