Canada has a highly developed mixed-market economy,[269][270] with the world’s ninth-largest economy as of 2023, and a nominal GDP of approximately US$2.221 trillion.[271] It is one of the world’s largest trading nations, with a highly globalized economy.[272] In 2021, Canadian trade in goods and services reached $2.016 trillion.[273]Canada’s exports totalled over $637 billion, while its imported goods were worth over $631 billion, of which approximately $391 billion originated from the United States.[273] In 2018, Canada had a trade deficit in goods of $22 billion and a trade deficit in services of $25 billion.[273] The Toronto Stock Exchange is the ninth-largest stock exchange in the world by market capitalization, listing over 1,500 companies with a combined market capitalization of over US$2 trillion.[274]
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Published: Oct 16, 2023
Latest Revision: Oct 16, 2023
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