Canada Economic And Social Analysis

Canada Economic and Social Analysis

Introduction

Mexico has been determined as a comparable country because they have collaborated jointly to improve the living conditions of northern America since they have a geographical proximity, in addition to being partners for the free marketing of goods and services,On the other hand, it is a potential market where Canadians can make their investments. Another reason why this country was selected is due to the similarities in the behavior in terms of its gross domestic product. Analyzing the economic indicators, it is possible to observe that by 2018 the growth of GDP Mexico was greater than that of Canada, 2.14 vs 2.0.

Developing 

However, for 2019 both countries decreased, -0.15 vs. 0.20, being the most impact that of Mexico, so it could be said that Canada acts better in that year. The growth of GDP per capita faces a similar situation, since in 2017 and in 2019 Canada presents a better indicator than Mexico, the difference being, in 2019, of more than 1% against Mexico. Investment levels for the two American countries are quite similar, since around 22% are located in recent years. Regarding the proportion of savings, values present differences, placing the highest of approximately 3% for the years 2017, 2018 and 2019.

As for exports, Mexico has had higher export levels than Canada, although Mexico is one of the markets where Canada has decided to export several of its products. In addition, Canada’s unemployment rate is greater than Mexico’s in an average of 2.

6%, despite the good lifestyle that the inhabitants of the first country have. On the part of the external indicators, it has been determined that Mexico has a lower deficit than Canada, which, in the current account, is justified by its greater proportion of exports and has a similar effect on the commercial balance. However, a greater difference can be seen in terms of external financing levels.

Canada has a high level of borrowing per capita. The external debt in proportion of the receipts of the Costa Costa de Canada is 3.6 times greater than Mexico. Mexico’s debt has presented decreases in the last 3 years, being these different proportions with respect to its GDP, however, in Canada oscillating trends have been observed in this same indicator, since it uses indebtedness to be able to obtain greater capital andthus increase your GDP. Liquid assets in proportion to GDP between Mexico and Canada vary on average 5.6%, being Mexico the country with the greatest number of liquid assets in terms of their relationship with GDP.

However, it should be noted that Canada’s GDP is slightly greater than Mexico, which partially causes this effect. With respect to monetary indicators, Mexico presents greater inflation of a 2.36% average, so its GDP deflator will also be greater than that of Canada. Both countries have quite stable change rates with respect to the dollar, although Mexico is tending to depreciate more than the Canadian dollar. Although Mexico and Canada present certain differences in their macroeconomic indicators, the differences between them do not vary in a high proportion, except for indicators related to external debt.

Resulting in Canada presenting a behavior similar to its comparable country. The comparison with France is that both countries belong to the group of seven, which is constituted by countries with economic, political and military weight on a global scale. The president of France is Emmanuel Macron and his economic ideology is from the left center despite the fact that it is not reflected in the economy because several of its plans have been rejected leaving the tourism sector and preparation of pharmaceutical products without major regulations, andIn addition, it has totally or partially privatized large companies excluding those competent to power.

Public transport and citizen defense. The total imports and exports of goods and services configure 64% of GDP and it is worth mentioning that there are 28 non -tariff barriers for specific countries, with the aim of having advantages in transactions. Although it has a GDP of 2709.1 billion dollars in 2019, the percentage of debt compared to GDP is 98%, which tells us that the country has a good credit history and trustInternational to access credits. This is because the government creates stimuli to increase the purchasing power of citizens, so lowering debt does not count as a short -term plan.

Similarly, the debt-PIB ratio in Canada is 87.5% this was due to the increase in tax revenues product of tax reforms. Regarding the standard of living per citizen, reflected in GDP per capita, it is 41.6. It is concluded that the French have a good quality of life. In the labor market, France has made this market a flexible while Canada has it regulated. Canada’s standard of living is also high, because its GDP per capita is 46.2. Among the main goals that the Government has for the Nation is to build a highly educated society, enhancing competitiveness in innovation and developing a state of digital era. 

conclusion

This can be seen clearly in the main economic sectors of France, since its main activity is telecommunications, electronic, automotive, aerospace industry and the arms. In parallel, Canada also stands out for industry and services, being of these the aerospace sector, digital media and video game and chemical and plastic products the most relevant in its GDP. Exports regarding GDP in France and Canada are of similar magnitude;31.6% and 31.39% respectively. As for monetary policies, both countries carry out actions for foreign investments in order to decrease the unemployment rate in France was 8.5% and in Canada it was 5.7%.