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June 2005
Vol. 6, no. 6

Perspectives on Labour and Income

How Canada compares in the G8
Katherine Marshall

  • The Group of Eight (G8) comprises some of the most economically powerful countries in the world, accounting for 13% of the world's population, but 46% of the global economy. Average GDP per capita among the G8 was $29,700 in 2004, compared with $5,400 for non-G8 countries.
  • Export trade was worth $US 322 billion to Canada in 2004, resulting in a record trade balance of $US 46 billion, and representing 32% of the GDP. Of all the G8 countries, Canada had the greatest increase in export trade over the past decade—252%.
  • Overall, Canada had the third highest employment rate (73.3%) among those aged 25 to 64, and Canadian women had the highest rate (68.5%) in the G8.
  • In 2002, 43% of Canada's population aged 25 to 64 had a college diploma or university degree—the highest rate in the G8.

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Author
Katherine Marshall is with the Labour and Household Surveys Analysis Division. She can be reached at (613) 951-6890 or perspectives@statcan.gc.ca.


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