Major Economic Sectors
Canada is a major supplier of agricultural products worldwide like wheat and other grains. The country's major trading partner is the United States followed by Europe and Asia. Over the last decade, the proportion of the population and GDP in the agricultural sector has declined drastically. The Agricultural sector accounted for only 2.3% of the country's GDP in 2004.
Manufacturing falls under the secondary industrial sectors of Canada and accounted for 26.4% of the country's GDP in 2004. Southwest Ontario has a major manufacturing sector with automobile as the primary industry. Ontario houses the branch plants of the leading automobile manufacturers of USA and Japan. There are also many Canadian parts factories in Ontario, like Magna International and Linamar Corporation. Currently Ontario manufactures more vehicles than its neighboring state.
The services sector dominates the economy of Canada. It accounted for 71.3% of the country's GDP in 2004, employing about three quarter of the Canadian population. The retail sector is the largest employer under the services sector, employing about 12% of the country's population. The business services like financial services, real estate and communication industries employ a relatively small percentage of the population.
Other service sectors include:
Health and Education Sectors
Hi –tech Industry
It is to be noted that the health and education sectors are the country's largest sectors but are mostly under the supervision of the government.
This article gives an overview of the economy of Canada. For more information on Canada, keep flipping through the pages of 123independenceday.com.