Canada worth 4.5 trillion

[Jersay]

OTTAWA (CP) - Canada's net worth hit $4.5 trillion, or $137,000 a head, at the end of last year, Statistics Canada reports.

National net worth grew 1.4 per in the fourth quarter, up sharply from 0.7 in the third. Third quarter growth was slowed by a marked increase in net foreign debt. Net worth rose by $60.4 billion in the fourth quarter, as Canadian individual and companies squirrelled more savings away.

The national net worth is the total of the net worth of people, corporations and governments, including land.

The statistics agency said the strong economy, especially the growth in residential real estate, boosted the national net worth.

Household net worth grew by 1.4 per cent in the fourth quarter, off from the 2.4 per cent increase recorded in the third quarter. This reflected slower increases in both residential real estate and equities.

Canadians' appetite for debt eased slightly in the final quarter, although Canadian households still carry about $1.08 in debt for every dollar of disposable income.

Government debt fell for a third straight quarter. Net debt now represents roughly half of GDP, compared to 90% a decade ago.

http://start.shaw.ca/start/enCA/News/NationalNewsArticle.htm?src=n031706A.xml

Alright.

 

[Hank C]

Canadian GDP has risen over 1 trillion recently and continues to grow.

 

[orpheus]

The national net worth is the total of the net worth of people, corporations and governments, including land.

Looking at the nominal GDP solely isn't the most accurate way to judge an economy. If these numbers aren't adjusted for inflation etc. then they can be misleading.

In terms of debt as a percentage of GDP, I believe that Canada ranks in fourth highest in debt, or somewhere near there.