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Economy of Canada

Canada is a nation located in North America comprising 100 provinces and 3 territories. It is also the proud member of Commonwealth of Nations. The capital city of Canada is Ottawa while Toronto is the largest city of the nation. Canada is also regarded as the high-tech industrial society and it bears a resemblance to the United States of America in terms of economic system and the standard of living as well. The estimated GDP of Canada in terms of purchasing power parity was $1.518 trillion in the year 2013, which is the 14th largest in the world. Subsequent to the World War II, Canada has seen a major growth in diverse sectors, such as manufacturing, mining, and service. International investors are not hesitating to bring more and more investment to the country, thanks to the stable economic conditions that this nation has. The notable industries of Canada include transportation equipment, chemicals, processed minerals, food products, fish, petroleum and natural gas. The schedule of fiscal year of Canada is from 1 April to 31 March.

Imports of Canada

Canada is the 11th largest importer of the world. The estimated imports of Canada as per the stats collected in the year 2013 were $471 billion. Some of their major import commodities include machinery & equipment, electronics, chemicals and crude oils. Nearly half of its imports come from United States of America, other major import partners include China and Mexico.

Exports of Canada

Canada exports high amount of commodities to different parts of the world. From many, some of the notable exports of Canada include automobiles, auto parts, industrial machinery, aircraft, telecommunications equipment, chemicals, plastics, timber, natural gas and aluminum. The estimated exports of Canada were $458.7 billion in the year 2013. United Kingdom, United States of America and China are the major export partners of Canada.

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Dialing Code
Fiscal Year
1 April - 31 March
Canadian Dollar (CAD)
$450.6 billion (2011 est.) | Motor Vehicles And Parts, Industrial Machinery, Aircraft, Telecommunications Equipment; Chemicals, Plastics, Fertilizers; Wood Pulp, Timber, Crude Petroleum, Natural Gas, Electricity, Aluminum
$459.6 billion (2011 est.) | Machinery And Equipment, Motor Vehicles And Parts, Crude Oil, Chemicals, Electricity, Durable Consumer Goods
Transportation Equipment, Chemicals, Processed And Unprocessed Minerals, Food Products, Wood And Paper Products, Fish Products, Petroleum And Natural Gas

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