Canada is one of the largest and most developed industrialized countries in the West. The Canadian economy is currently in a phase of high growth, low inflation, declining unit labor, a significant rise in exports, and a healthy business investment environment, which makes it possible to say that the Canadian economy is alive and well. The Canadian government focuses on the sustainable development of the economy. Three major industries are the pillars of the Canadian economy, namely the natural resources industry, the manufacturing industry and the service industry.
Canada's natural resources industry is the most important in its economy, and accounts for a large proportion of its GNP. Canada's natural resources industry is mainly forestry, fisheries, mining and energy industry, in addition, water resources is also an important resource in Canada, water power generation is the world's third largest country of water power generation, water power generation accounted for two-thirds of the country's total power generation.
Canada is rich in forest resources, forestry is very developed. Mineral resources are Canada's important natural resources, including more than sixty kinds of minerals, of which oil, natural gas, iron ore, nickel, zinc and potash are the most important resources, content and production in the world's forefront.
Expanded Information:
Canada's Service Sector:
Canada's service sector occupies a dominant position in the national economy, accounting for 67% of Canada's 67% of the total economic output, especially worth mentioning, Canada's service industry in the Group of Seven countries, second only to the U.S., Canada's service industry mainly includes transportation, education, health care, construction, finance, communications and other fields, the service industry also creates numerous employment opportunities in Canada, 70% of Canada's workforce engaged in the service industry.
Traditional businesses dominate Canada's professional services industry. Taking the accounting services industry as an example, in 2006, the operating revenues generated by traditional accounting businesses, including auditing and assurance services, tax services, editing and auditing services, and bookkeeping and payroll services, accounted for about 83% of the operating revenues of the entire accounting services industry; and nontraditional accounting businesses such as advisory services, insolvency and estate management services accounted for about 10%.
The value of the services sector in 2017 was C$1,233.68 billion, or about 66.5% of that year's gross domestic product, and 14,247,000 employees, or 78.8% of the country's total labor force that year.
Baidu Encyclopedia-Canada (North American country)