Canada - Income

The US Central Intelligence Agency (CIA) reports that in 2002 Canada's gross domestic product (GDP) was estimated at US $923 billion. The per capita GDP was estimated at US $29,400. The annual growth rate of GDP was estimated at 3.4%. The average inflation rate in 2002 was 2.2%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 2% of GDP, industry 27%, and services 71%.

The World Bank reports that in 2001 per capita household consumption (in constant 1995 US dollars) was US $12,866. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. It was estimated that for the same period private consumption grew at an annual rate of 2%. Approximately 14% of household consumption was spent on food, 10% on fuel, 4% on health care, and 21% on education. The richest 10% of the population accounted for approximately 23.8% of household consumption and the poorest 10% approximately 2.8%.

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