Abstract:In 2019,Canada’s real GDP increased by 1.6% compared with the previous year. The biggest contribution to real GDP growth came from final consumer expenditure,and the second came from the export of goods and services. However,the total amount of fixed capital formation of enterprises and government is negative. The main features of Canada’s economic growth in 2019 are:Government and non-profit organizations’ consumption expenditure increases significantly in the growth of final consumption expenditure;on the whole,consumer price index (CPI) and industrial product price index (IPPI) have not changed much year on year;the import and export volume of goods and services has increased,and the trade surplus has expanded;however,the investment of enterprises and governments decreased and the total amount of fixed capital formation decreased;in the first three quarters,the company’s tax profit decreased year on year;the increase in total liabilities exceeded the increase in total assets and the scale of liabilities expanded. In the future,Canada’s economic development will still be affected by the world economic development situation. From 2020,the novel coronavirus pneumonia will shrink dramatically. In the first quarter,both manufacturing production and manufacturing sales in Canada declined,which will lead to negative growth in the whole year. Canada’s economy will grow throughout 2021.
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