Canada Service

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Service Driven

Economy

CANADA



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%



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



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.



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



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%



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.



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



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



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



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



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.





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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