canada service
TRANSCRIPT
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Service Driven
Economy
CANADA
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Canada : Quick facts
Capital: Ottawa
Currency: Canadian dollar (CAD)
Languages: English and French
Religion: Roman Catholic and Protestant
Size: 3,988,244 square miles ( 10,369,434 square
kilometers)
Population:31,612,897
Labour force by Occupation: agriculture 2%,
manufacturing 14%, construction 5%, services 75%,
other 3%
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Economy Of Canada
GDP:
GDP Growth:5.6% (2009-2010)
GDP by Sector: Agriculture (2.1%)
Industry(28
.8%
)Services ( 69.1%)
Inflation: 1.4% (2010 est.)
Population below poverty line: 4.9%
Unemployment: 8.1%(Jun 2010)
Currency: Canadian Dollar(CAD)
Trade Organizations: NAFTA,OECD, WTO etc
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Canadian service industry: Facts
Canada has 10th largest economy in the world.
The Canadian economy is dominated by the service industry.
Service sectors represent close to 70 percent of Gross Domestic
Product (GDP) and 75 percent of employment in Canada. Fifteen
out of twenty aggregate economic sectors are services.
The service sector in Canada is vast and multifaceted, employing some three quarters of Canadians and accounting for
over two thirds of GDP.
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Canada ² Service Industry
The service industry of Canada is divided into 15 Sectors
Wholesale Trade
Retail Trade
Transportation & Warehousing
Information and Cultural Industries
Finance and Insurance
Real Estate and Rental and Leasing
Professional, Scientific and Technical Services
Management of Companies and Enterprises
Administrative and Support, Waste Management and Remediation Services
Educational Services
Health Care and Social Assistance
Arts, Entertainment and Recreation
Tourism
Other Services - except Public Administration Public administration
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Wholesale & Retail Trade
Largest employer , providing over 15% of all the jobs and generating 12% of the
province·s total GDP.
In 2007, the Wholesale Trade sector generated $29.8 billion in profits, down from
$30.0 billion in 1999.
2 types of Wholesalers: wholesale merchants and wholesale agents and brokers.
GDP in the Retail Trade sector increased from $49.4 billion in 1999 to $74.6 billionin 2008
Retail sector comprises two main types of retailers: Store Retailers and Non-store
retailers
The entry of Wal-Mart into the Canadian marketplace in 1994 had a profound
effect on retailers of all sizes
GDP Contribution: Wholesale-5%, Retail-7%
Share of Employment: Wholesale: 4%, Retail: 12%
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Transportation &
warehousing GDP in the Transportation and Warehousing sector increased from from
$46.6 billion in 1999 to $56.8 billion in 2008.
In 2008, there were 128,000 people working in this industry. Most were
involved in transporting either freight or passengers.
The modes of transportation are road (trucking, transit and groundpassenger), rail, water, air
Vancouver is still a busy rail terminus, handling freight arriving at the port
city for transport to or from overseas as well as domestic destinations.
Vancouver International Airport is now a major point of entry for flights
from the Pacific Rim. It is the second-busiest airport in the country.
Vancouver·s port has been in operation for nearly 150 years It has the
highest cargo volume on the west coast of North America and is the fourth
largest port in North America in terms of tonnage handled.
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Information, Culture &
Recreation
GDP in the Information and Cultural Industries sector
increased from from $31.6 billion in 1999 to $45.1
billion in 2008.
The main components of this sector are the publishingindustries the motion picture and sound recording
industries, the broadcasting industries, the
telecommunications and related services industries
Employment growth has been strongest in motion
picture & sound recording
Amusement and gambling services is the biggest
employer in the industry
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Educational Services
GDP in the Educational Services sector increased from from $50.2 billion in
1999 to $60.5 billion in 2008.
The four largest publicly funded universities are UBC, the University of
Victoria (1963), Simon Fraser University (1965) and the University of
Northern BC, which officially opened in 1994. Migration continues to boost the demand for education services in Canada
Part-time employment in the industry has doubled since 1990
Wages in this industry are relatively high
Employment drops during the summer, but is relatively stable during the restof the year
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Tourism Industry
Tourism is an important economic driver in every region of Canada
There are Over 169,000 tourism businesses and 662,900 directlyemployed people in Canada
Total tourism spending of $74.7 billion in 2008, up 1.9% from 2007
Total tourism spending in Canada has been climbing and is driven bydomestic tourism growth
Tourism activity accounted for 2% ($30.3 billion) of Canada·s GDP in 2008
Generated $20.8 billion in government revenues in 2008, an increase of5.6% from 2007
In 2007 / 2008, the Government of Canada invested $540 million in
projects, programs, and activities that benefit the tourism sector . GLOBAL COMPETITION: Canada ranks 13th in the world in international
tourism
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Healthcare &
Social Assistance
The health care system is now publicly funded and available to all residents of the
Canada.
Per capita spending on health care services and products was $5,147 in 2008
With an ageing population, it·s likely that the demand for these services will
increase even more in the future. Since 1990, The industry·s share of employment has remained stable at about 11%,
but its share of total GDP has fallen to just under 7%
Technological advances are making it possible to deliver some services more
efficiently
Second largest employer in 2008, with 245,600 people working in this industry in2008. Thirty-seven percent are employed by hospitals.
Most workers in the health care & social assistance industry are women. They makeup 81% of the workforce
The industry·s share of total GDP is forecast to increase only marginally to just over
7% by 2017
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Finance, Insurance, Real Estate&
Leasing(FIRE)
FIRE employs just 6% of Canada·s workforce, it generates nearly a quarter
(24%) of the total GDP.
All types of banks and banking institutions, from the Bank of Canada and
the big chartered banks to local credit unions, are part of the finance &
insurance component of this industry. Consumer loan, mortgage, and creditcard companies, investment companies, stock and commodity exchanges
and brokerages are also included, as are pension funds, trusts, and similar
financial vehicles. The group also includes insurance underwriters, agents,
and brokers.
One in three workers in FIRE is employed in banking & financial services. Despite losses in late 2008, the Toronto Stock Price Index is still higher than
it was in 2003,after the economic downturn at the beginning of the decade.
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Conclusion
Canadian service sector has been a relative success story in
terms of productivity growth. It has a better standing than the
US only because of its service sector.
Both labor and multifactor productivity showed an impressiveacceleration in growth between the 1981-1995 and 1995-
2000 periods. Retail trade and business services were the
largest contributors to this acceleration in labor productivity
growth. Quality labor / human capital is thus a driving force
for the service sector growth.
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Thank You«