Compare Canada (2008) - Canada (2007)

Compare Canada (2008) z Canada (2007)

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	Canada (2008)	Canada (2007)

Budget	revenues: $565.8 billion expenditures: $551.2 billion (2007 est.)	revenues: $510.6 billion expenditures: $501 billion (2006 est.)
Debt - external	$758.6 billion (30 June 2007)	$684.7 billion (30 June 2006)
Economic aid - donor	ODA, $3.9 billion (2007)	ODA, $2.6 billion (2004)
Economy - overview	As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US. Given its great natural resources, skilled labor force, and modern capital plant, Canada enjoys solid economic prospects. Top-notch fiscal management has produced consecutive balanced budgets since 1997, although public debate continues over the equitable distribution of federal funds to the Canadian provinces. Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the US, which absorbs 80% of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. During 2007, Canada enjoyed good economic growth, moderate inflation, and the lowest unemployment rate in more than three decades.	As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US. Given its great natural resources, skilled labor force, and modern capital plant, Canada enjoys solid economic prospects. Top-notch fiscal management has produced consecutive balanced budgets since 1997, although public debate continues over how to manage the rising cost of the publicly funded healthcare system. Exports account for roughly a third of GDP. Canada enjoys a substantial trade surplus with its principal trading partner, the US, which absorbs about 85% of Canadian exports. Canada is the US' largest foreign supplier of energy, including oil, gas, uranium, and electric power.
Exchange rates	Canadian dollars per US dollar - 1.0724 (2007), 1.1334 (2006), 1.2118 (2005), 1.301 (2004), 1.4011 (2003)	Canadian dollars per US dollar - 1.1334 (2006), 1.2118 (2005), 1.301 (2004), 1.4011 (2003), 1.5693 (2002)
GDP - composition by sector	agriculture: 2.1% industry: 28.8% services: 69.1% (2007 est.)	agriculture: 2.1% industry: 29% services: 68.9% (2006 est.)
GDP - real growth rate	2.7% (2007 est.)	2.8% (2006 est.)
Industrial production growth rate	1.6% (2007 est.)	0.7% (2006 est.)
Inflation rate (consumer prices)	2.4% (2007 est.)	2% (2006 est.)
International organization participation	ACCT, ADB (nonregional members), AfDB, APEC, Arctic Council, ARF, ASEAN (dialogue partner), Australia Group, BIS, C, CDB, CE (observer), EAPC, EBRD, ESA (cooperating state), FAO, G-7, G-8, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINUSTAH, NAFTA, NAM (guest), NATO, NEA, NSG, OAS, OECD, OIF, OPCW, OSCE, Paris Club, PCA, PIF (partner), SECI (observer), UN, UNAMSIL, UNCTAD, UNDOF, UNESCO, UNFICYP, UNHCR, UNRWA, UNTSO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC	ACCT, AfDB, APEC, Arctic Council, ARF, AsDB, ASEAN (dialogue partner), Australia Group, BIS, C, CDB, CE (observer), EAPC, EBRD, ESA (cooperating state), FAO, G-7, G-8, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINUSTAH, MONUC, NAFTA, NAM (guest), NATO, NEA, NSG, OAS, OECD, OIF, OPCW, OSCE, Paris Club, PCA, PIF (partner), SECI (observer), UN, UNAMSIL, UNCTAD, UNDOF, UNESCO, UNHCR, UNMOVIC, UNRWA, UNTSO, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC
Labor force	17.9 million (2007 est.)	17.59 million (2006 est.)
Labor force - by occupation	agriculture 2%, manufacturing 13%, construction 6%, services 76%, other 3% (2006)	agriculture 2%, manufacturing 14%, construction 5%, services 75%, other 3% (2004)
Legislative branch	bicameral Parliament or Parlement consists of the Senate or Senat (105 seats; members appointed by the governor general with the advice of the prime minister and serve until reaching 75 years of age) and the House of Commons or Chambre des Communes (308 seats; members elected by direct, popular vote to serve four-year terms starting in 2009 elections) elections: House of Commons - last held 23 January 2006 (next to be held in 2009) election results: House of Commons - percent of vote by party - Conservative Party 36.3%, Liberal Party 30.2%, New Democratic Party 17.5%, Bloc Quebecois 10.5%, Greens 4.5%, other 1%; seats by party - Conservative Party 124, Liberal Party 102, New Democratic Party 29, Bloc Quebecois 51, other 2; seats by party as of November 2007 - Conservative Party 125, Liberal Party 96, New Democratic Party 30, Bloc Quebecois 49, other 4, vacant 4	bicameral Parliament or Parlement consists of the Senate or Senat (105 seats; members appointed by the governor general with the advice of the prime minister and serve until reaching 75 years of age) and the House of Commons or Chambre des Communes (308 seats; members elected by direct, popular vote to serve four-year terms starting in 2009 elections) elections: House of Commons - last held 23 January 2006 (next to be held in 2009) election results: House of Commons - percent of vote by party - Conservative Party 36.3%, Liberal Party 30.2%, New Democratic Party 17.5%, Bloc Quebecois 10.5%, Greens 4.5%, other 1%; seats by party - Conservative Party 124, Liberal Party 102, New Democratic Party 29, Bloc Quebecois 51, other 2; seats by party as of February 2007 - Conservative Party 125, Liberal Party 100, New Democratic Party 29, Bloc Quebecois 51, other 2
Military branches	Canadian Forces: Land Forces Command (LFC), Maritime Command (MARCOM), Air Command (AIRCOM), Canada Command (homeland security) (2008)	Canadian Forces: Land Forces Command, Maritime Command, Air Command, Canada Command (homeland security) (2006)
Pipelines	crude and refined oil 23,564 km; liquid petroleum gas 74,980 km (2006)	crude and refined oil 23,564 km; liquid petroleum gas 74,980 km (2005)
Population below poverty line	10.8%; note - this figure is the Low Income Cut-Off (LICO), a calculation that results in higher figures than found in many comparable economies; Canada does not have an official poverty line (2005)	15.9%; note - this figure is the Low Income Cut-Off (LICO), a calculation that results in higher figures than found in many comparable economies; Canada does not have an official poverty line (2003)
Unemployment rate	5.9% (2007 est.)	6.4% (2006 est.)

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