Canada stands tall among G8 countries

Canadian Press

June 21, 2005

OTTAWA -- With the next G8 summit scheduled July 6-8 in Perthshire, Scotland, Statistics Canada is reminding people where Canada stands among member countries.

The agency says that although Canada has the smallest population of all G8 countries, it is one of the leaders in terms of economic expansion, employment and the education level of its workers.

On the downside, Canada's labour productivity has been substantially below those of France, Japan and the United States.

But the agency says Canada is keeping up with, and in many cases surpassing France, Germany, Italy, Japan, Russia, the United Kingdom and the United States.

And despite Canada's size, it had the third highest gross domestic product per capita in 2004 at about $31,000 US, third only to the United Kingdom at $31,100 and the United States at $39,800.

And as Prime Minister Paul Martin is fond of pointing out, Canada led the G8 in economic growth between 2000 and 2004.

Statistics Canada also says that:

By 2003, Canada had the third highest employment rate at 73.3 per cent for the core working-age population 25 to 64. It followed only the United Kingdom at 74.2 per cent and Japan at 73.9 per cent.
In 2003, Canadian women had the highest employment rate of all G8 countries.
In 2002, 43 per cent of Canada's working-age population aged 25 to 64 had a college diploma or university degree, the highest rate in the G8.
In 2003, Canada was near the middle of the pack with its jobless rate of 7.6 per cent.