Gross Domestic Product – The Canadian Reality

There has been a lot said about “declining productivity” in Canada, and also that we see declining industrial and commercial investment. I decided to compare Canada to Australia to see if there is any proof.

Two things make Australia and Canada very similar. We both have a large land mass that provides enormous potential for natural resource development, and we both have broad expanses of agricultural land.

I read the following statement, “Canada with a GDP of $1.7T ranked the 10th largest in the world, and Australia ranked 13th at $1.4T.”

Regarding Australia, they have an independent economy, unlike Canada with our Free Trade arrangement with the US and Mexico. When we compare the GDP info between the two, we find what follows:

What do we see? On GDP, we see Australia growing faster and are currently increasing their growth. Canada is growing slower and is currently seeing a decreasing growth rate.

Per Capita, the Australian GDP is stronger by $11,000 per person, and the 5-year average growth for Australia is 3 times greater than Canada.

 Yes, there is a problem, and TARIFFS ARE HERE!!