cover image: A comparison of GDP per capita in Canada and the United States from 1994 to 2005 : Comparaison du PIB par habitant au Canada et aux états-Unis de 1994 à 2005

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A comparison of GDP per capita in Canada and the United States from 1994 to 2005 : Comparaison du PIB par habitant au Canada et aux états-Unis de 1994 à 2005

23 Aug 2007

It shows that the amount of economic output per person in Canada is still lower than in the United States, but the gap between the two countries has narrowed since the turn of the millennium. [...] Labour productivity is the amount of GDP produced per hour worked, while work intensity is the number of hours worked per capita and comes from the product of two variables—hours worked per job and the number of jobs per capita that are generated by the economy. [...] In this study, labour productivity is measured by the value of GDP produced per hour worked, while work intensity is measured by the number of hours worked per person and is the product of two components—hours worked per job and the number of jobs per capita that are generated by the economy. [...] It shows that the amount of economic output per person in Canada is still lower than in the United States, but the gap between the two countries has narrowed since the turn of the millennium; moreover, the relative contribution that differences in work intensity and labour productivity have on the gap in GDP per capita has changed dramatically since 2000. [...] The comparison is done for the total economy, which consists of the business sector, the imputed rent of owner-occupied dwellings, the government and the non-profit sectors.3 Estimates of nominal GDP for the total economy are taken from official estimates (Statistics Canada’s System of National Accounts [SNA] and the National Income and Product Accounts [NIPA] Tables of the United States Bureau of
economics economy recession gross domestic product productivity growth canada economic growth employment employment statistics labour labour economics macroeconomics national accounts productivity economic indicator purchasing power parity canadian economy gdp gross domestic product (gdp) gdp per capita economy of canada

Authors

Maynard, Jean-Pierre

ISBN
9780662455394
Pages
13
Published in
Canada

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