GDP Growth
A closer look at Canada's economic growth...
Amongst these five countries, Canada is the second to the last of the slowest when it comes to economic growth. It make sense that the country's rate is close to the United States', due to the fact that they are neighbors, whereas the other countries are no where near Canada.
"The birth of the NDP in 1961 coincided with a period of intense economic growth in Canada. Since WWII the economy had grown steadily: the Gross Domestic Product rose annually by 5% on average until the end of the decade, and unemployment remained low, usually around 4.5% to 5%."
- Canada's Human Rights History
In addition to this research, according to Google's Public Data, the rate does not appear to be very consistent; within the past four decades (starting at 1961), it has dramatically bounced from roughly 7% down to -3%, even later. From then on, it increased to 5%, then dropped back to about roughly -3% again, though as of today it stands to be 2.5%. All this can explain why the GDP growth rate is considerably inconsistent.
"The birth of the NDP in 1961 coincided with a period of intense economic growth in Canada. Since WWII the economy had grown steadily: the Gross Domestic Product rose annually by 5% on average until the end of the decade, and unemployment remained low, usually around 4.5% to 5%."
- Canada's Human Rights History
In addition to this research, according to Google's Public Data, the rate does not appear to be very consistent; within the past four decades (starting at 1961), it has dramatically bounced from roughly 7% down to -3%, even later. From then on, it increased to 5%, then dropped back to about roughly -3% again, though as of today it stands to be 2.5%. All this can explain why the GDP growth rate is considerably inconsistent.