Canada

Canada is a vast federal constitutional monarchy located in northern North America and is a member of the Commonwealth of Nations. Its economy is blessed with abundant natural resources, and it has established itself as one of the world's leading producers and exporters, especially in oil, natural gas, minerals, timber, and hydropower. Furthermore, it has very strong economic ties with its neighbor, the United States, the world's largest economy, and has built a close relationship through trade and investment. As an advanced economy with a relatively small population across a vast land and developed sophisticated industries, it plays an important role in the international community.

According to the latest data (as of 2025), the Canadian economy's real GDP growth rate is 1.7%, showing a deceleration of 0.3 percentage points compared to the previous year. The total population is 41.652 million, a moderate increase of 0.9% year-on-year, but the real GDP growth rate per capita remains at 0.8%, showing an improvement of 1.7 percentage points compared to the previous year. Nominal GDP (in USD) reached $2.32 trillion, an increase of 2.2% year-on-year. Meanwhile, consumer price inflation is 2.1%, a decrease of 0.3 percentage points compared to the previous year, suggesting a slight easing of inflationary pressures. Looking at the labor market, the unemployment rate is 6.9%, a deterioration of 0.6 percentage points compared to the previous year, which suggests a softening labor market.

In terms of trade, trade (as a percentage of GDP) stood at 63.5%, a decrease of 1.6 percentage points compared to the previous year. Additionally, the current account balance (as a percentage of GDP) is -0.9%, a small deficit, showing a deterioration of 0.5 percentage points compared to the previous year. Regarding government finances, central government debt (as a percentage of GDP) was 64.1% as of 2024, an increase of 3.7 percentage points compared to the previous year. These indicators suggest that while the Canadian economy is maintaining moderate growth, it faces challenges such as a deceleration in real GDP growth, a rise in the unemployment rate, and an increase in government debt.