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Financial Security - Standard of Living

Relevance

A higher standard of living means a higher quality and quantity of goods and services available to individuals and to society, contributing to material well-being. The gross domestic product per person (GDP per capita) is often used as a measure of the standard of living. An increase in GDP is associated with greater material well-being and thus with a higher standard of living.

Summary

  • National Picture — In Canada, real GDP per capita was $39,370 (2002 dollars) in 2011, an increase over the last two years (up 1.4% from 2010), but still 1.1% less than the high reached before the 2008-2009 recession.
  • Regions — In 2010, nominal GDP per capita varied from $34,938 in Prince Edward Island to $107,141 in the Northwest Territories. 
  • International Picture — In 2009, Canada had the second highest GDP per person, among G7 nations, behind the USA.

National Picture

In 2011, Canada's real gross domestic product (GDP) per capita reached $39,370 (2002 dollars), an increase of 1.4% from 2010, but still below the pre-recession high of $39,820 in 2007. It has increased almost every year since 1982. The increase between 1982 and 2011, was $14,334, or about 57% - an average of 1.6% per year.


This Chart contains data for Real Gross Domestic Product (GDP) per capita, Canada, 1981-2011. Information is available in table below

Source: HRSDC calculations based on Statistics Canada. Gross Domestic Product (GDP), expenditure-based, provincial economic accounts, annual (CANSIM Table 380-0017). Ottawa: Statistics Canada, 2012; and Statistics Canada. Estimates of population, by age group and sex for July 1, Canada, provinces and territories, annual (CANSIM Table 051-0001). Ottawa: Statistics Canada 2011.


Warning: This data table may contain very wide content. Horizontal scrolling may be necessary.

Real Gross Domestic Product (GDP) per capita, Canada, 1981-2011 (2002 chained dollars)
1981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011
26,08125,03625,46326,69027,71228,10228,91429,96130,19929,80428,82028,73129,08130,14630,67430,84631,83232,86234,39935,86436,11236,77137,12437,92238,69739,38639,82039,62938,07038,84639,370

Regions

In 2010, nominal GDP per capita varied across Canada. Six provinces and territories had GDP per capita higher than the national average of $47,606. These were the Northwest Territories ($107,141), Alberta ($70,826), Yukon ($67,421), Saskatchewan ($60,877), Newfoundland and Labrador ($55,140) and Nunavut ($53,452). The lowest GDP per capita was in Prince Edward Island ($34,938).


This Chart contains data for Gross Domestic Product (GDP) per capita, by region, 2010. Information is available in table below

Source: HRSDC calculations based on Statistics Canada. Gross Domestic Product (GDP), expenditure-based, provincial economic accounts, annual (CANSIM Table 384-0002). Ottawa: Statistics Canada, 2010; and Statistics Canada. Estimates of population, by age group and sex for July 1, Canada, provinces and territories, annual (CANSIM Table 051-0001). Ottawa: Statistics Canada 2011.


Warning: This data table may contain very wide content. Horizontal scrolling may be necessary.

Gross Domestic Product (GDP) per capita, by region, 2010 (current prices)
CANNLPENSNBQCONMBSKABBCYTNTNU
47,60655,14034,93838,47539,11640,39546,30443,94960,87770,82644,84867,421107,14153,452

International Picture

In 2009, Canadians enjoyed a relatively high standard of living compared to other countries in the Organisation for Economic Co-operation and Development (OECD). The average GDP per capita for OECD countries in 2009 was $33,016 as compared with $37,808 for Canada (expressed in US dollars ajusted for purchasing power parity).

In 2009 among G7 countries, Canada's per capita GDP was second only to that of the United States ($45,674).


This Chart contains data for Gross Domestic Product (GDP) per capita, G7 countries and OECD, 2009. Information is available in table below

Source: Organisation for Economic Co-operation and Development (OECD). Statistics from A to Z - Beta version. Available from: OECD Statistics [cited August, 2011].


Warning: This data table may contain very wide content. Horizontal scrolling may be necessary.

Gross Domestic Product (GDP) per capita, G7 countries and OECD, 2009 (US dollars adjusted for purchasing power parity)
JapanItalyOECDFranceUnited KingdomGermanyCanadaUnited States
32,01832,41333,01633,37335,15136,33237,80845,674

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