Economic Forecasts and Performance Review
% OF GDP
REAL GDP GROWTH
3
Canadian Economy
Diverse economy with a strong balance sheet
19.5%
Finance, Insurance,
& Real Estate
15.6%
Other
4.5%
Transportation
& Warehousing
5.9%-
Professional,
Scientific,
& Technical
Services
6.7%
CANADIAN GDP
BY INDUSTRY
(AUG 2019)
Public Administration
-12.4%
Health & Education
7.0%
10.4%
Wholesale &
Retail Trade
-10.3%
Manufacturing
7.6%
Mining and Oil
& Gas Extraction
Construction
ANNUAL % CHANGE
GENERAL GOVERNMENT NET FINANCIAL LIABILITIES
122.0
126.1
78.5
80.1
84.5
66.1
31.7
22.9
Canada Germany OECD France
U.K.
U.S.
Italy
Japan
Sources: Scotiabank Economics, OECD (2019 estimates). As of November 2019.
% OF GDP
N
U.S.
Canada
2000-2018
Eurozone
2019f-2021f
U.K.
Japan
Sources: Scotiabank Economics, Haver Analytics, Statistics Canada.
Forecasts as of October 10, 2019.
GOVERNMENT FINANCIAL DEFICITS
2
1
1.1
0 1 2 3 4 5 6
(0.8) (0.7)
(1.4)
(2.0)
(3.0)
(3.3)
(5.6)
Germany OECD* Canada
U.K.
Italy
Japan France
U.S.
* Arithmetic mean of all OECD financial deficits as a % of GDP.
Sources: Scotiabank Economics, IMF (2019 estimates).
As of November 2019.
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