The Canada is highly advanced economy with high standard of living and developed market. It is 16th largest GDP by purchasing power parity and 10th largest by nominal in the world. According to an estimate, Canada has 4th utmost value of natural resources. It has 3rd world main reserves of petroleum and 4th largest exporter of natural gas and petroleum in the world. Due to large number of natural resources and least population, Canada is considered as “Energy Superpower”.
Canada is listed among least corrupt nations in the world and one of highly globalized economy. Historically Canada is listed above most western European nations and US and undergoing quite low level of income inconsistency. The Toronto Stock Exchange of Canada is ranked world 9th largest stock exchange by market capitalization. In year 2018, Canada trade in goods and services reached to CA$1.5 trillion. It has 8th largest seafood and commercial fishing industry in the world. It is also one of the leader of software and entertainment industry. It is member of many international organizations including WTO, G7, G20, OECD, NAFTA and APEC.
Canada has free trade agreement with various developed and under developing nations. According to the projections from trading economics and World Bank official data, gross domestic product Canada was worth of 1740 billon US dollar in 2019.
The data of gross domestic product Canada is released on quarterly basis usually at 08:30 AM (EST) by Statistics Canada.