According to the International Monetary Fund (IMF), real GDP of Canada is forecast to grow by 4.9 percent in 2022 and 2.6 percent in 2023.
1) Real GDP growth rate: 2010 – 3.1 percent, 2011 – 3.1 percent, 2012 – 1.8 percent, 2013 – -2.3 percent, 2014 – 2.9 percent, 2015 – 0.7 percent, 2016 – 1.0 percent, 2017 – 3.0 percent, 2018 – 2.4 percent, 2019 – 1.9 percent, 2020 – -5.3 percent and 2021 – 5.7 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2022 – 4.9 percent, 2023 – 2.6 percent, 2024 – 1.5 percent, 2025 – 1.4 percent and 2026 – 1.6 percent.
3) Nominal GDP in current prices, billions of Canadian dollars (code: CAD; sign: C$): 2010 – C$1,666.048 billion, 2011 – C$1,774.063 billion, 2012 – C$1,827.201 billion, 2013 – C$1,902.247 billion, 2014 – C$1,994.898 billion, 2015 – C$1,990.441 billion, 2016 – C$2,025.535 billion, 2017 – C$2,140.641 billion, 2018 – C$2,231.168 billion, 2019 – C$2,310.712 billion, 2020 – C$2,204.905 billion and 2021 – C$2,521.931 billion.
4) Projected nominal GDP in current prices, billions of Canadian dollars: 2022 – C$2,721.236 billion, 2023 – C$2,833.681 billion, 2024 – C$2,933.311 billion, 2025 – C$3,033.773 billion and 2026 – C$3,143.259 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $1,617.345 billion, 2011 – $1,793.327 billion, 2012 – $1,828.362 billion, 2013 – $1,846.595 billion, 2014 – $1,805.751 billion, 2015 – $1,556.508 billion, 2016 – $1,527.996 billion, 2017 – $1,649.266 billion, 2018 – $1,721.822 billion, 2019 – $1,741.576 billion, 2020 – $1,644.037 billion and 2021 – $2,015.983 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2022 – $2,189.786 billion, 2023 – $2,306.066 billion, 2024 – $2,413.394 billion, 2025 – $2,520.113 billion and 2026 – $2,630.942 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $1,358.930 billion, 2011 – $1,430.807 billion, 2012 – $1,468.095 billion, 2013 – $1,554.123 billion, 2014 – $1,621.397 billion, 2015 – $1,594.899 billion, 2016 – $1,678.387 billion, 2017 – $1,776.855 billion, 2018 – $1,863.502 billion, 2019 – $1,932.147 billion, 2020 – $1,851.540 billion and 2021 – $2,027.371 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2022 – $2,185.028 billion, 2023 – $2,295.943 billion, 2024 – $2,384.516 billion, 2025 – $2,471.066 billion and 2026 – $2,561.360 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $47,627.3, 2011 – $52,285.9, 2012 – $52,744.0, 2013 – $52,708.6, 2014 – $51,020.8, 2015 – $43,626.5, 2016 – $42,382.6, 2017 – $45,192.0, 2018 – $46,532.2, 2019 – $46,399.7, 2020 – $43,294.8 and 2021 – $52,791.2.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2022 – $56,739.8, 2023 – $59,125.6, 2024 – $61,237.2, 2025 – $63,293.4 and 2026 – $65,414.4.
11) GDP PPP per capita in current prices, international dollars: 2010 – $40,017.6, 2011 – $41,716.4, 2012 – $42,351.1, 2013 – $44,360.4, 2014 – $45,812.0, 2015 – $44,702.5, 2016 – $46,554.1, 2017 – $48,688.1, 2018 – $50,361.1, 2019 – $51,477.0, 2020 – $48,759.3 and 2021 – $53,089.5.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2022 – $56,616.5, 2023 – $58,866.0, 2024 – $60,504.4, 2025 – $62,061.6 and 2026 – $63,684.3.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 1.5 percent, 2011 – 1.5 percent, 2012 – 1.5 percent, 2013 – 1.5 percent, 2014 – 1.5 percent, 2015 – 1.4 percent, 2016 – 1.5 percent, 2017 – 1.5 percent, 2018 – 1.4 percent, 2019 – 1.4 percent, 2020 – 1.4 percent and 2021 – 1.4 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2022 – 1.4 percent, 2023 – 1.4 percent, 2024 – 1.4 percent, 2025 – 1.3 percent and 2026 – 1.3 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 102.8 percent, 2011 – 103.2 percent, 2012 – 101.2 percent, 2013 – 101.7 percent, 2014 – 101.9 percent, 2015 – 99.1 percent, 2016 – 100.8 percent, 2017 – 102.6 percent, 2018 – 101.8 percent, 2019 – 101.7 percent, 2020 – 100.8 percent and 2021 – 108.2 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2022 – 102.9 percent, 2023 – 101.5 percent, 2024 – 101.9 percent, 2025 – 102.0 percent and 2026 – 102.0 percent.
17) Output gap in percent of potential GDP, percent of potential GDP: 2010 – -1.8 percent, 2011 – -0.4 percent, 2012 – -0.4 percent, 2013 – 0.0 percent, 2014 – 1.0 percent, 2015 – -0.1 percent, 2016 – -0.9 percent, 2017 – 0.4 percent, 2018 – 0.6 percent, 2019 – 0.4 percent, 2020 – -3.4 percent and 2021 – -1.0 percent.
The output gap is actual minus potential output, as a percentage of potential output. Estimates of the output gap are subject to significant margins of uncertainty.
18) Projected output gap in percent of potential GDP, percent of potential GDP: 2022 – 0.8 percent, 2023 – 0.8 percent, 2024 – 0.3 percent, 2025 – 0.0 percent and 2026 – 0.0 percent.
19) Ratio of the average price level in Canada to the average price level in the United States, percent: 2010 – 119.0 percent, 2011 – 125.3 percent, 2012 – 124.5 percent, 2013 – 118.8 percent, 2014 – 111.4 percent, 2015 – 97.6 percent, 2016 – 91.0 percent, 2017 – 92.8 percent, 2018 – 92.4 percent, 2019 – 90.1 percent, 2020 – 88.8 percent and 2021 – 99.4 percent.
20) Projected ratio of the average price level in Canada to the average price level in the United States, percent: 2022 – 100.2 percent, 2023 – 100.4 percent, 2024 – 101.2 percent, 2025 – 102.0 percent and 2026 – 102.7 percent.
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by