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A Comparison of GDP Per Capita in Canada and the United States from 1994 to 2005

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  • Maynard, Jean-Pierre

Abstract

This study examines differences in gross domestic product (GDP) per capita between Canada and the United States from 1994 to 2005. The gap in GDP per capita between the two countries has narrowed slightly over this period. The study decomposed the gap into two components: one due to labour productivity and one due to labour market conditions, and shows that the relative importance of the two changed considerably after 2000. The output gap has narrowed slightly since 2000, primarily because Canada's labour market experienced a faster rate of job growth relative to its population than did the United States.

Suggested Citation

  • Maynard, Jean-Pierre, 2007. "A Comparison of GDP Per Capita in Canada and the United States from 1994 to 2005," Insights on the Canadian Economy 2007016e, Statistics Canada, Economic Analysis Division.
  • Handle: RePEc:stc:stcp2e:2007016e
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    File URL: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=11-624-M2007016&ObjType=46&lang=en&limit=0
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    References listed on IDEAS

    as
    1. Maynard, Jean-Pierre, 2005. "Annual Measure of the Volume of Work Consistent with the SNA: The Canadian Experience," Economic Analysis Methodology Paper Series: National Accounts 2005005e, Statistics Canada, Economic Analysis Division.
    2. Baldwin, John R. & Maynard, Jean-Pierre & Wong, Fanny, 2005. "The Output Gap Between Canada and the United States: The Role of Productivity (1994-2002)," Insights on the Canadian Economy 2005009e, Statistics Canada, Economic Analysis Division.
    3. Baldwin, John R. & Maynard, Jean-Pierre & Tanguay, Marc & Wong, Fanny & Yan, Beiling, 2005. "A Comparison of Canadian and U.S. Productivity Levels: An Exploration of Measurement Issues," Economic Analysis (EA) Research Paper Series 2005028e, Statistics Canada, Analytical Studies Branch.
    4. John R. Baldwin & Tarek M. Harchaoui, 2006. "The Integration of the Canadian Productivity Accounts within the System of National Accounts: Current Status and Challenges Ahead," NBER Chapters,in: A New Architecture for the U.S. National Accounts, pages 439-470 National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Economic accounts; Gross domestic product; Productivity accounts;

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