Premium Only Content
Ontario has the same per capita GDP as Alabama
Ontario has the same per capita GDP as Alabama
Productivity is not some abstract academic concept but determines the quality of people’s lives and their ability to raise a family. GDP per capita roughly represents the amount of income generate each year. Lowe productivity results in lower living standards.
Canada has some of the worst productivity among advanced nations. The standard of living continues to fall compared to the United States.
Canada’s labor productivity fell for the fourth straight quarter returning the country back to levels last seen in 2017. This is the equivalent of $5,500 per person in lost economic output. If Canada kept up with the pace of the USA, they would be producing over 8% more per hour worked than they currently do.
Ontario is the most populous province in Canada and accounts for nearly half the country’s manufacturing.
As a whole, Canada has missed out on the economic feast of the past decade leaving with with little fat on the bone to weather the current economic famine.
Only Alberta exceeds the US average of $76,000
Works Cited:
https://thehub.ca/2023-06-15/trevor-tombe-most-provincial-economies-struggle-to-match-the-u-s//
https://businesscouncilab.com/insights-category/analysis/productivity-part-three-canada-us-productivity-gap/
Tags:
canada gdp, canada, gdp, canadian economy, canada economy, canada gdp 2022, canada gdp 2021, canada gdp 2020, canada's gdp, canada gdp per capita, canadian gdp, economy of canada, canada news, canada gdp 2023, canada gdp news, canada economics, the economy of canada, russia gdp vs canada gdp, the economics of canada, how canada economy works, canada today, nominal gdp, canada economy explained, bank of canada, america vs canada, statistics Canada
-
3:29
The Last Capitalist in Chicago
1 year ago $0.06 earnedAmericans are spending like there is no tomorrow
2012 -
Fresh and Fit
3 hours agoAfter Hours w/ Girls
33.4K19 -
5:10:56
Drew Hernandez
13 hours agoDANIEL PENNY ACQUITTED & BLM CALLS FOR RETALIATION?!
29.3K32 -
LIVE
BSparksGaming
5 hours agoFirst EXCLUSIVE Rumble Livestream! #RumbleTakeover
1,446 watching -
1:39:01
Glenn Greenwald
10 hours agoHow The West Talks About Repression In Syria; Abu Mohammad al-Jolani: Terrorist Or Noble Rebel?; Aaron Maté On U.S. Actions In Syria | SYSTEM UPDATE #378
142K97 -
1:06:17
Donald Trump Jr.
12 hours agoDaniel Penny Acquitted: What it Means, Plus Live with Breitbart’s Matt Boyle | TRIGGERED Ep.197
222K251 -
14:36
Misha Petrov
5 hours agoBLM OUTRAGED as Daniel Penny is ACQUITTED! The Left Celebrates United Healthcare CEO’s Assassination
40.3K44 -
1:16:43
MTNTOUGH Fitness Lab
15 hours agoShane Dorian: Surviving 50ft Waves at Jaws, Bow Hunting, and Coaching the US Olympic Surf Team
27.1K -
2:19:45
We Like Shooting
18 hours ago $1.66 earnedWe Like Shooting 588 (Gun Podcast)
22.4K2 -
1:36:46
Adam Does Movies
15 hours ago $14.58 earnedThe Golden Globes 2025 Nominees + Biggest Snubs - LIVE!
59.7K3