Real GDP of Canada Assignment Report

Real GDP
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Real GDP - CANADA
 The current Real GDP of Canada Stands at 1.65Trillion USD as per a
study in the year 2019.
 The expenditure approach uses the formula that GDP=C+I+G+(X−M) in
this case Cis consumption, I is investment, G is the expenditure by the
Governement and (X-M)- exports less imports.
 The approach focusses on the total output of the nation through finding
the total value of all goods and services of a nation.
 GDP=14,170 C=9,982 I=1,682 X-M=-371 G=2,979

10 Year Historical Real GDP
 The country’s GDP has been rising steadily at a constant rate of 1.5% per year.
 For the past 10 years. From the year 2009 to 2019.
 In the year 2009 the Real GDP was 0.4 Trillion USD.
 The level of GDP Canada had in 2019 makes it get ranked as the 50th top worldwide.
 The Canada GDP table shows that the January of 2017 saw the highest levels of GDP that
reached 1.2 followed by July 2019 with 0.9.
 The other months of the 10 years averaged at 0.5 thus making the average GDP to be increasing
annually
 For the next years that followed the GDP increased from the point of increasing at the rate of
1.5% per year.
 The year 2019 experienced the highest GDP ever at 1.658Trillion USD.
 It shows that the country has been developing and continuously increasing the