IDEAS home Printed from https://ideas.repec.org/p/stc/stcp8e/202400400001e.html
   My bibliography  Save this paper

Canada’s gross domestic product per capita: Perspectives on the return to trend

Author

Listed:
  • Carter McCormack
  • Weimin Wang

Abstract

Slower economic growth over the past year and near-record population increases fuelled by temporary and permanent immigration have put the spotlight on recent trends in Canada’s gross domestic product (GDP) per capita. Real GDP per capita has now declined in five of the past six quarters and is currently near levels observed in 2017. Recent reports by Porter (2024), Ercolao (2023), and Marion and Ducharme (2024) have all stressed the trend towards weaker per capita growth, highlighting its negative implications for living standards and wage growth. Recent declines in per capita output have also brought concerns over Canada’s weak productivity performance to the fore, since historically, much of the long-term growth in GDP per capita has reflected sustained improvements in labour productivity.

Suggested Citation

  • Carter McCormack & Weimin Wang, 2024. "Canada’s gross domestic product per capita: Perspectives on the return to trend," Economic and Social Reports 202400400001e, Statistics Canada, Analytical Studies and Modelling Branch.
    • Handle: RePEc:stc:stcp8e:202400400001e
    DOI: https://doi.org/10.25318/36280001202400400001-eng
    as

    Download full text from publisher

    File URL: https://www150.statcan.gc.ca/n1/pub/36-28-0001/2024004/article/00001-eng.htm
    Download Restriction: no
    File URL: https://www150.statcan.gc.ca/n1/en/pub/36-28-0001/2024004/article/00001-eng.pdf?st=ewQZt8ag
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.25318/36280001202400400001-eng?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:stc:stcp8e:202400400001e. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mark Brown (email available below). General contact details of provider: https://edirc.repec.org/data/stagvca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.