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chemgear · 04-29-2024, 03:58 PM

https://www150.statcan.gc.ca/n1/pub/.../00001-eng.htm

Slower economic growth over the past year and near-record population increases fuelled by temporary and permanent immigration have put the spotlight on recent trends in Canada’s gross domestic product (GDP) per capita. Real GDP per capita has now declined in five of the past six quarters and is currently near levels observed in 2017.

While the pace of economic activity has slowed, Canada’s population continued to expand rapidly. During 2023, Canada’s population grew 3.2%, an increase of over 1,271,000 people, roughly equivalent to the size of Calgary (Statistics Canada, 2022). With population growth outpacing output growth, GDP per capita has trended lower and is now 2.5% below pre-pandemic levels.

GDP per capita is widely used to gauge differences in living standards across countries. Higher levels of per capita output are generally found in more developed economies with advanced infrastructure, better health care and education systems, and higher levels of access to technologies and innovation. Workers in countries with higher per capita output tend to be more productive and earn higher wages (Leung & Macdonald, 2022).

04-29-2024, 03:58 PM	#12047
chemgear Franchise Player Join Date: Feb 2010 Exp:	https://www150.statcan.gc.ca/n1/pub/.../00001-eng.htm Slower economic growth over the past year and near-record population increases fuelled by temporary and permanent immigration have put the spotlight on recent trends in Canada’s gross domestic product (GDP) per capita. Real GDP per capita has now declined in five of the past six quarters and is currently near levels observed in 2017. While the pace of economic activity has slowed, Canada’s population continued to expand rapidly. During 2023, Canada’s population grew 3.2%, an increase of over 1,271,000 people, roughly equivalent to the size of Calgary (Statistics Canada, 2022). With population growth outpacing output growth, GDP per capita has trended lower and is now 2.5% below pre-pandemic levels. GDP per capita is widely used to gauge differences in living standards across countries. Higher levels of per capita output are generally found in more developed economies with advanced infrastructure, better health care and education systems, and higher levels of access to technologies and innovation. Workers in countries with higher per capita output tend to be more productive and earn higher wages (Leung & Macdonald, 2022).