Canada GDP per capita PPP

The Gross Domestic Product per capita in Canada was last reported at 38988.94 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Canada, when adjusted by Purchasing Power Parity is equivalent to 177 percent of the world's average. Historically, from 1980 until 2010, Canada GDP per capita PPP averaged 24224.1 USD reaching an all time high of 38994.3 USD in December of 2008 and a record low of 11031.1 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Canada GDP per capita PPP.


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Canada GDP per capita PPP


GDP per capita PPP
The gross domestic product dollar estimates given on this page are derived from purchasing power parity (PPP) calculations. Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income. However, economies do self-adjust to currency changes over time, and technology intensive and luxury goods, raw materials and energy prices are mostly unaffected by difference in currency (the latter more by subsidies), despite being critical to national development, therefore, the sales of foreign apparel or gasoline per liter in China is more accurately measured by the nominal figure, but everyday food and haircuts by PPP. The gross domestic product per capita is the value of all final goods and services produced within a nation in a given year divided by the average (or mid-year) population for the same year. The gross domestic product (GDP) is one of the measures of national income and output for a given country's economy. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).



CANADA NEWS

Canada's Unemployment Rate Up to 7.3% in April
Published: 5/11/2012 1:39:49 PM By: TradingEconomics.com, Statistics Canada
Canada's employment increased by 58,000 in April, mostly in full-time work. This was the second consecutive month of notable gains after four months of little change. With more people searching for work, the unemployment rate increased by 0.1 percentage points to 7.3%.

Canada's Trade Surplus Widens in March
Published: 5/10/2012 1:50:11 PM By: TradingEconomics.com, Statistics Canada
Canada's merchandise exports edged down 0.4% and imports decreased 0.6%. As a result, Canada's trade surplus increased from $273 million in February to $351 million in March.

Bank of Canada Keeps Overnight Rate at 1%
Published: 4/18/2012 11:47:59 AM By: Bnak of Canada
The Bank of Canada announced on April 17th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

Canada's Trade Surplus Narrows in February
Published: 4/12/2012 1:45:02 PM By: TradingEconomics.com, Statistics Canada
Canada's merchandise exports declined 3.9% and imports edged up 0.2%. As a result, Canada's trade surplus decreased from $1.9 billion in January to $292 million in February.

Canada's Unemployment Down to 7.2% in March
Published: 4/5/2012 3:46:43 PM By: TradingEconomics.com, Statistics Canada
Following four months of little change, employment increased by 82,000 in March, mostly in full-time work. This brought the unemployment rate down 0.2 percentage points to 7.2%.

Canada's Inflation Rate Up to 2.6% in February
Published: 3/23/2012 11:23:31 AM By: TradingEconomics.com, Statistics Canada
Led by increases in energy and food, consumer prices rose 2.6% in the 12 months to February after increasing 2.5% in January.

Canada's Trade Surplus Narrows in January
Published: 3/9/2012 2:03:30 PM By: TradingEconomics.com, Statistics Canada
Canada's merchandise exports declined 2.3% and imports edged down 0.6%. As a result, Canada's trade surplus narrowed from $2.9 billion in December 2011 to $2.1 billion in January 2012. This was the third consecutive monthly trade surplus.

Canada's Unemployment Rate Down to 7.4% in February
Published: 3/9/2012 12:21:06 PM By: TradingEconomics.com, Statistics Canada
A decline in the number of people searching for work pushed the unemployment rate down 0.2 percentage points to 7.4%. Compared with 12 months earlier, employment was up by 121,000 (+0.7%), with the bulk of the increase occurring in the first half of the period.

Bank of Canada Keeps Overnight Rate Target at 1%
Published: 3/8/2012 3:04:55 PM By: TradingEconomics.com, Bank of Canada
The Bank of Canada announced on March 8th that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

Canada's Economy Expands 0.4% in Q4
Published: 3/2/2012 2:04:19 PM By: TradingEconomics.com, Statistics Canada
Real gross domestic product (GDP) rose 0.4% in the fourth quarter, after advancing 1.0% in the third quarter. Consumer spending and exports contributed the most to fourth-quarter GDP growth. Final domestic demand grew 0.5%.

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