1.6.3 Gross Domestic Product (GDP)
Completion requirements
Canada's gross domestic product (GDP) measures
Only final demand goods and services are included. Therefore, GDP is a measure of Canada's total economic activity. An increase in GDP is interpreted as a sign that the economy is doing well.
Despite earlier economic difficulties, in 2017 Canada led the G7 nations in GDP growth, and Alberta led all other provinces.
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- all goods and services produced within Canada's borders
- those goods and services produced by foreign companies within Canada's borders
- any goods and services consumed within Canada, and
- those goods and services exported elsewhere.
Only final demand goods and services are included. Therefore, GDP is a measure of Canada's total economic activity. An increase in GDP is interpreted as a sign that the economy is doing well.
Despite earlier economic difficulties, in 2017 Canada led the G7 nations in GDP growth, and Alberta led all other provinces.