Canada

Monetary tightening to slow the economy in 2023

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in December 2022.

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GDP USD 2139.8bn (World ranking 9, World Bank 2022)
Population 38.9mn (World ranking 37, World Bank 2022)
Form of state Constitutional parliamentary monarchy
Head of government Justin Trudeau (PM)
Next elections 2023, legislative
  • Politically stable
  • High per capita GDP
  • Robust banking system
  • High data transparency
  • Large oil and gas reserves
  • Diverse GDP
  • Dependence on exports
  • High exposure to the U.S. economy
  • Sensitive to commodity prices
  • High personal debt
  • Government revenues dependent on oil

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
United States 75.5%
1
48.5% United States
China 4.5%
2
14.0% China
United Kingdom 2.6%
3
5.5% Mexico
Japan 2.3%
4
3.1% Germany
Mexico 1.3%
5
2.5% Japan

Trade structure by product

(% of total, annual 2021)

Exports Rank Imports
Petroleum, petroleum products and related materials 19.0%
1
13.3% Road vehicles
Road vehicles 8.7%
2
5.4% Other industrial machinery and parts
Metalliferous ores and metal scrap 4.1%
3
5.3% Petroleum, petroleum products and related materials
Non-ferrous metals 3.9%
4
5.3% Electrical machinery, apparatus and appliances, n.e.s.
Gold, non-monetary (excluding gold ores and concentrates) 3.1%
5
4.6% Miscellaneous manufactured articles, n.e.s.
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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