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Economy Stats: compare key data on Canada & French Guiana

Definitions

  • Budget > Expenditures: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Currency: The national medium of exchange and its basic sub-unit.
  • Debt > External: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services.
  • Debt > External > Per capita: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services. Per capita figures expressed per 1 population.
  • Overview: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • GDP > Composition by sector > Agriculture: The gross domestic product (GDP) or value of all final goods produced by the agricultural sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Composition by sector > Industry: The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Composition by sector > Services: The gross domestic product (GDP) or value of all final services produced within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • GDP > Purchasing power parity: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
  • GDP > Purchasing power parity > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • Inflation rate > Consumer prices: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
  • Trade > Exports to US: in US dollars. Jan 2003 - March 2003
  • Trade > Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • GDP > CIA Factbook > Per capita: Per capita figures expressed per 1 population.
  • GDP > Per $ GDP: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Trade > Exports: The total US dollar amount of exports on an f.o.b. (free on board) basis.
  • Debt > External > Per $ GDP: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services. Per $ GDP figures expressed per 1,000 $ gross domestic product.
  • Trade balance with US: In US dollars. Jan 2003 - March 2003
  • Tourism receipts > International > Per $ GDP: Per $ GDP figures expressed per $1,000 gross domestic product
  • Trade > Exports > Per $ GDP: The total US dollar amount of exports on an f.o.b. (free on board) basis. Per $ GDP figures expressed per 1 $ gross domestic product.
STAT Canada French Guiana HISTORY
Agriculture > Products wheat, barley, oilseed, tobacco, fruits, vegetables; dairy products; fish; forest products <a href=/encyclopedia/maize>corn</a>, rice, manioc, sugar, cocoa, vegetables, bananas; cattle, <a href=/encyclopedia/pig>pigs</a>, poultry
Budget > Expenditures $748.90 billion
Ranked 9th. 5527 times more than French Guiana
$135.50 million
Ranked 6th.
Budget > Revenues $690.30 billion
Ranked 9th. 5094 times more than French Guiana
$135.50 million
Ranked 6th.
Currency Canadian dollar euro
Debt > External $1.33 trillion
Ranked 14th. 1657 times more than French Guiana
$800.30 million
Ranked 109th.
Debt > External > Per capita $22,719.28 per capita
Ranked 20th. 5 times more than French Guiana
$4,281.58 per capita
Ranked 18th.
Overview As a high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US its principal trading partner. Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, highly skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007. Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. Canada achieved marginal growth in 2010-12 and plans to balance the budget by 2015. In addition, the country's petroleum sector is rapidly becoming an even larger economic driver with Alberta's oil sands significantly boosting Canada's proven oil reserves, ranking the country third in the world behind Saudi Arabia and Venezuela. The economy is tied closely to the much larger French economy through subsidies and imports. Besides the French space center at Kourou (which accounts for 25% of GDP), fishing and forestry are the most important economic activities. Forest and woodland cover 90% of the country. The large reserves of tropical hardwoods, not fully exploited, support an expanding sawmill industry that provides sawn logs for export. Cultivation of crops is limited to the coastal area, where the population is largely concentrated; rice and manioc are the major crops. French Guiana is heavily dependent on imports of food and energy. Unemployment is a serious problem, particularly among younger workers.
Fiscal year 1 calendar year
GDP > Composition by sector > Agriculture 1.8%
Ranked 183th.
6.6%
Ranked 84th. 4 times more than Canada
GDP > Composition by sector > Industry 28.6%
Ranked 88th. 83% more than French Guiana
15.6%
Ranked 132nd.
GDP > Composition by sector > Services 69.6%
Ranked 47th.
77.8%
Ranked 8th. 12% more than Canada
GDP > Per capita $38,065.13 per capita
Ranked 14th. 5 times more than French Guiana
$8,297.80 per capita
Ranked 12th.
GDP > Purchasing power parity $1.47 trillion
Ranked 13th. 950 times more than French Guiana
$1.55 billion
Ranked 14th.
GDP > Purchasing power parity > Per capita $38,065.13 per capita
Ranked 14th. 5 times more than French Guiana
$8,297.80 per capita
Ranked 12th.
Inflation rate > Consumer prices 1.5%
Ranked 175th. 50% more than French Guiana
1%
Ranked 146th.

Exchange rates Canadian dollars (CAD) per US dollar -<br />1 (2012 est.)<br />0.99 (2011 est.)<br />1.03 (2010 est.)<br />1.14 (2009)<br />1.04 (2008) Euros per US dollar - 0.8054 (2004), 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000)
GDP > CIA Factbook $958.70 billion
Ranked 11th. 618 times more than French Guiana
$1.55 billion
Ranked 168th.

Trade > Exports to US $55.66 billion
Ranked 1st. 17956 times more than French Guiana
$3.10 million
Ranked 153th.
Tourist arrivals by region of origin > Europe 2.4 million
Ranked 31st. 53 times more than French Guiana
44,850
Ranked 130th.
Trade > Imports $406.40 billion
Ranked 11th. 650 times more than French Guiana
$625.00 million
Ranked 139th.
GDP > CIA Factbook > Per capita $30,309.83 per capita
Ranked 8th. 4 times more than French Guiana
$8,297.80 per capita
Ranked 63th.
GDP > Per $ GDP $38,065.13 per $1 of GDP
Ranked 14th. 5 times more than French Guiana
$8,297.80 per $1 of GDP
Ranked 12th.
Trade > Exports $406.80 billion
Ranked 9th. 2959 times more than French Guiana
$137.50 million
Ranked 145th.

Debt > External > Per $ GDP $547.12 per $1,000 of GDP
Ranked 43th. 6% more than French Guiana
$515.99 per $1,000 of GDP
Ranked 55th.
Trade balance with US $-14,500,000,000.00
Ranked 222nd.
$51.70 million
Ranked 21st.
Tourism receipts > International > Per $ GDP $14.21 per $1,000 of GDP
Ranked 118th.
$19.91 per $1,000 of GDP
Ranked 120th. 40% more than Canada
Trade > Exports > Per $ GDP $0.32 per $1 of GDP
Ranked 77th. 4 times more than French Guiana
$0.09 per $1 of GDP
Ranked 137th.

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