The COVID-19 pandemic and gross domestic product per capita growth in Canada
The COVID-19 Pandemic has been affecting Canadians’ daily lives since the second quarter of 2020. Production and employment were cut back largely at the beginning in order to slow the spread of this contagious disease, leading to a sharp decline in income and a rise in the unemployment rate. GDP per...
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| Format: | Article |
| Language: | English |
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Statistics Canada
2022-05-01
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| Series: | Economic and Social Reports |
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| Online Access: | https://www150.statcan.gc.ca/n1/pub/36-28-0001/2022005/article/00002-eng.htm |
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| author | Weimin Wang |
| author_facet | Weimin Wang |
| author_sort | Weimin Wang |
| collection | DOAJ |
| description | The COVID-19 Pandemic has been affecting Canadians’ daily lives since the second quarter of 2020. Production and employment were cut back largely at the beginning in order to slow the spread of this contagious disease, leading to a sharp decline in income and a rise in the unemployment rate. GDP per capita of a country is often used for assessing the standard of living and its cross-country comparisons. Since 2020, Canada’s per capita GDP has averaged -1.3% per year, down from its long-term annual average of 1.2% from 1981 to 2019 and from 1.0% per year from 2010 to 2019. For a better understanding of the sources of Canada’s per capita GDP growth, this article decomposes GDP per capita into labour productivity, work intensity, employment rate, participation rate, and the share of working population. The contributions of these 5 ratios to Canada’s per capita GDP growth are examined. |
| format | Article |
| id | doaj-art-39448d263b244b80bff2dca9cc8fd065 |
| institution | OA Journals |
| issn | 2563-8955 |
| language | English |
| publishDate | 2022-05-01 |
| publisher | Statistics Canada |
| record_format | Article |
| series | Economic and Social Reports |
| spelling | doaj-art-39448d263b244b80bff2dca9cc8fd0652025-08-20T02:02:20ZengStatistics CanadaEconomic and Social Reports2563-89552022-05-0120510.25318/36280001202200500002-engThe COVID-19 pandemic and gross domestic product per capita growth in CanadaWeimin WangThe COVID-19 Pandemic has been affecting Canadians’ daily lives since the second quarter of 2020. Production and employment were cut back largely at the beginning in order to slow the spread of this contagious disease, leading to a sharp decline in income and a rise in the unemployment rate. GDP per capita of a country is often used for assessing the standard of living and its cross-country comparisons. Since 2020, Canada’s per capita GDP has averaged -1.3% per year, down from its long-term annual average of 1.2% from 1981 to 2019 and from 1.0% per year from 2010 to 2019. For a better understanding of the sources of Canada’s per capita GDP growth, this article decomposes GDP per capita into labour productivity, work intensity, employment rate, participation rate, and the share of working population. The contributions of these 5 ratios to Canada’s per capita GDP growth are examined.https://www150.statcan.gc.ca/n1/pub/36-28-0001/2022005/article/00002-eng.htmCOVIDCOVID 19CoronaCoronavirusCorona virusNovel coronavirus |
| spellingShingle | Weimin Wang The COVID-19 pandemic and gross domestic product per capita growth in Canada Economic and Social Reports COVID COVID 19 Corona Coronavirus Corona virus Novel coronavirus |
| title | The COVID-19 pandemic and gross domestic product per capita growth in Canada |
| title_full | The COVID-19 pandemic and gross domestic product per capita growth in Canada |
| title_fullStr | The COVID-19 pandemic and gross domestic product per capita growth in Canada |
| title_full_unstemmed | The COVID-19 pandemic and gross domestic product per capita growth in Canada |
| title_short | The COVID-19 pandemic and gross domestic product per capita growth in Canada |
| title_sort | covid 19 pandemic and gross domestic product per capita growth in canada |
| topic | COVID COVID 19 Corona Coronavirus Corona virus Novel coronavirus |
| url | https://www150.statcan.gc.ca/n1/pub/36-28-0001/2022005/article/00002-eng.htm |
| work_keys_str_mv | AT weiminwang thecovid19pandemicandgrossdomesticproductpercapitagrowthincanada AT weiminwang covid19pandemicandgrossdomesticproductpercapitagrowthincanada |