Productivity accounts

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  • 1. Importance of the manufacturing sector to the Canadian Economy (II-C) Archived
    Articles and reports: 11F0024M20040007450
    Description:

    The manufacturing sector is a vital part of the Canadian economy. In 2002, it accounted for $165 billion of Canada's gross domestic product (GDP) and more than two million jobs. Unlike the other G7 countries, the contribution of the manufacturing sector to the Canadian economy has been increasing.

    From 1997 to 2002, average labour productivity growth in the manufacturing was slightly lower than the average for all industries. Part of this could be explained by the relatively low capital investment in the sector.

    In 2001, the R&D expenditure by the manufacturing sector represented 70 percent of all industrial R&D expenditures. The R&D intensity for the sector is about four times greater than that of all industries in Canada.

    The manufacturing sector has driven much of Canada's trade. In 2002, manufacturing exports accounted for 64 percent of Canada's total exports of goods and services. The sector became much more export dependent but Canada's overall manufacturing trade balance was negative. Nevertheless, Canada's manufacturing sector has been a success story.

    Release date: 2004-11-25
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  • 1. Importance of the manufacturing sector to the Canadian Economy (II-C) Archived
    Articles and reports: 11F0024M20040007450
    Description:

    The manufacturing sector is a vital part of the Canadian economy. In 2002, it accounted for $165 billion of Canada's gross domestic product (GDP) and more than two million jobs. Unlike the other G7 countries, the contribution of the manufacturing sector to the Canadian economy has been increasing.

    From 1997 to 2002, average labour productivity growth in the manufacturing was slightly lower than the average for all industries. Part of this could be explained by the relatively low capital investment in the sector.

    In 2001, the R&D expenditure by the manufacturing sector represented 70 percent of all industrial R&D expenditures. The R&D intensity for the sector is about four times greater than that of all industries in Canada.

    The manufacturing sector has driven much of Canada's trade. In 2002, manufacturing exports accounted for 64 percent of Canada's total exports of goods and services. The sector became much more export dependent but Canada's overall manufacturing trade balance was negative. Nevertheless, Canada's manufacturing sector has been a success story.

    Release date: 2004-11-25
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