Canada's economic strength

Canada is one of the seven industrialized countries in the west, with manufacturing industry, high-tech industry and service industry.

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Developed industries, resource industries, primary manufacturing industries and agriculture are the main pillars of the national economy. Building a country through trade relies heavily on foreign trade and is deeply influenced by the United States economically.

Canada's oil industry has always been the main driving force of economic growth, pushing Canada's trade from loss to profit, and there is a lot of investment. Like many developed economies, the domestic demand for refined petroleum products is stable, but crude oil producers can still expand their market in Canada through Canadian refineries. Canada can be said to be a net exporter of crude oil, but refineries in eastern provinces have always relied on imported oil because of the high transportation cost of Canadian crude oil nationwide. Although the United States has increased shale oil production, Canada's exports to the United States have increased due to its proximity to the United States and its huge pipeline network. In 20 14 years, crude oil accounted for about 18% of Canadian goods exports.

Canada's federal and provincial governments operate various international insurance businesses, including export credit insurance and investment insurance. As early as 1945, the export credit insurance law was enacted; 1947, export credit insurance company was established. Insurance supervision adopts federal and provincial supervision modes to protect the investment capital and income of overseas investors in Canada, make up for the loss of export income, capital and income caused by various commercial and political risks, and effectively promote the development of Canada's international trade and the competitive position of domestic insurance companies in the international market. Insurance assets rank second in Canada's financial industry. Currently, there are nearly 400 non-life insurance companies in Canada.

Agricultural products processing industry is an important part of Canada's economy, accounting for 8% of its GDP. Canada has 46 million hectares of arable land, mainly in the west, accounting for 5% of the total land area. The main products are: wheat, oats, soybeans, rapeseed, barley, red meat (cattle, pigs, sheep), fruits, vegetables, wine, cigarettes, drinks and so on. Exports to the United States account for about 60% of the total. Ontario and Quebec mainly produce red meat and dairy products.

According to the data of the International Monetary Fund, the main economic indicators in 20 1 1 year are as follows:

Gross domestic product (GDP): 1.736869 billion USD (ranked 10th in the world).

Per capita GDP: US$ 50,435.50 (ninth in the world)

GDP growth rate: 2.46%

Unemployment rate: 7.65%

Human development index 1.888 (high; 20 1 1 year; Ranked 8 th in the world, second only to Norway, Australia and other countries)