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On this image there are various words that surround GDP with pictures. The words are all different things that in one way or another associate with GDP. It is an interesting layout and a great tool for people who are just learning about GDP to reference to.

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In this image it has many flags of countries from around the world outstretched over a map. The reason that the picture is interesting is because all of the flags have different sizes. It seems that the countries with the greatest economies have the biggest flags.

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The picture shows a bunch of different people pushing an arrow with the word economy upward. This is a nice picture because it shows that everyone has to work together in order for the economy to do well.

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This is an article written by the Huffington Post that details Canada's recent economic growth. The article is loaded with all kinds of facts and opinions from economic experts on what they think on the quickened pace of growth. A really interesting fact that we learned from this article was that in January 2017 alone, Canada's economic growth expanded 0.6%. This may sound like a small number but when looking at all the different sources of growth within that number it is massive. Especially in such a short time. This is good news for Canada

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Canada's economy matched its fastest pace of growth in nearly six years in January, expanding 0.6 per cent in the month, Statistics Canada reported Friday.

That was roughly double what economists had been expecting, and it ties the 0.6-per-cent growth rate seen in June, 2016. Those two were the strongest months of growth for the economy since July, 2011, when Canada was bouncing back from the global financial crisis.

Based on the new numbers, economist Nick Exarhos of CIBC said he expects economic growth for the quarter to clock in at 3.5 to 4 per cent - one of the fastest rates of growth seen in recent years.

The Suncor oilsands processing plant on the Athabasca River near Fort McMurray, Alberta, September 17, 2014. A strong rebound in oil production helped to Canada to one of its fastest rates of economic growth in recent years in January. (Photo: Reuters/Todd Korol)

"The hits just keep on coming," wrote TD Bank senior economist Brian DePratto. "Although it is still early days and risks abound, signs are pointing to an economy that looks increasingly poised to shake off the setbacks of recent years."

Among those setbacks were the oil price collapse, which led to a recession in energy industry-dependent provinces. StatsCan's report Friday showed the mining, oil and gas sector expanded a solid 1.9 per cent in the month.

But growth was widespread, with manufacturing recording a 1.9-per-cent expansion and service-producing industries expanding 0.4 per cent.

The rapidly-growing economy has some observers wondering whether the Bank of Canada may start looking to raise interest rates, a move that could put pressure on Canadian households, which are the most heavily indebted among the G7 economies.

But DePratto noted that Bank of Canada Governor Stephen Poloz is still sounding dovish about the state of Canada's economy.

"During a public appearance, the governor continued to point to sizeable economic slack in the Canadian economy, and also noted that Canada has seen a few 'false starts' in recent years," DePratto wrote. "All told, we remain of the view that the monetary policy interest rate is not likely to be raised from its current 0.5 per cent level until late next year."

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Canadian Economic Growth Matches Fastest Pace In 6 Years

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Canada's economy matched its fastest pace of growth in nearly six years in January, expanding 0.6 per cent in the month, Statistics Canada reported Friday. That was roughly double what economists had been expecting, and it ties the 0.6-per-cent growth rate seen in June, 2016.

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The website that we used for this post is from Trading Economics. This site gives plenty of information on Canada's GDP. It shows the current state of Canada's GDP along with past years. There are charts that can clearly show where the GDP was and how it changed throughout time. The site also shows quarter by quarter what was affecting the GDP and how Canadian citizens were affected. An interesting part of this site is that it actually breaks down all different things that GDP came from such as construction, public administration, and agriculture.

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Household spending grew 0.3 percent in the first quarter of 2018, the slowest pace since the first quarter of 2015. Growth was driven by increased outlays on services (+0.5 percent). Household spending on goods was unchanged, following 11 consecutive quarterly increases.

Investment in machinery and equipment rose 4.2 percent, with medium and heavy trucks, buses and other motor vehicles (+12.5 percent) and industrial machinery and equipment (+3.9 percent) contributing to the growth. Intellectual property products rose 3.3 percent, as mineral exploration and evaluation (+8.0 percent) rebounded and software (+3.2 percent) accelerated. Investment in non-residential structures increased 1.5 percent.

Investment in housing fell 1.9 percent, the largest decline since the first quarter of 2009, due to a drop in ownership transfer costs (-13.5%). Lower resale activity coincided with new mortgage stress measures introduced nationwide in January. Business outlays on new construction slowed to 1.2 percent growth, while renovations increased 1.4 percent.

Businesses added CAD 15.2 billion to their inventories in the first quarter, following an accumulation of CAD 15.9 billion in the previous quarter. Wholesalers (+CAD 5.4 billion), manufacturers (+CAD 4.0 billion) and retailers (+CAD 2.6 billion) all added to their stocks. Farm inventories grew by CAD 567 million, compared with an accumulation of CAD 2.7 billion in the fourth quarter of 2017. The economy-wide stock-to-sales ratio increased from 0.760 to 0.765 in the first quarter.

Export volumes rose 0.4 percent after increasing 1.0 percent in the fourth quarter of 2017. Exports of crude oil and crude bitumen (+9.9 percent) largely contributed to the gains. Exports of services grew 1.7 percent in the first quarter, following a 1.3 percent increase in the previous quarter. Imports rose by 1.2 percent in the first quarter, with similar increases in goods and services.

Growth in imports of goods was led by passenger cars and light trucks (+5.9 percent), tires, motor vehicle engines and parts (+6.0 percent) and basic chemicals and industrial chemical products (+8.6 percent).Imports of services rose 1.1%, as those of commercial (+1.3 percent), transportation (+1.4 percent) and travel (+0.6 percent) services all increased.

Business investment in machinery and equipment (+4.2 percent) and intellectual property products (+3.3 percent) increased at a faster pace than in the fourth quarter of 2017.

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Canada GDP Growth Rate | 1961-2018 | Data | Chart | Calendar | Forecast

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Canada gross domestic product grew 0.3 percent in the first quarter, following an increase of 0.4 percent in each of the previous two quarters. It was the slowest expansion since a 0.3 percent contraction was seen in the second quarter of 2016. Final domestic demand rose by 0.5 percent.

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This website is from Statistics Canada and is very thorough. It explains GDP in a more advanced way while still using terminology that most Canadian citizens should be able to understand. There are different forms of GDP described on this website such as, GDP by income and expenditure, and GDP by industry. One of the pieces of information that we really take away from this website is the three methods of GDP calculation. By income, by expenditures, and by value added.

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Gross domestic product (GDP) is one of the primary measures used by decision-makers, financial and other institutions to evaluate the health of the economy. An increase in real GDP is interpreted as a sign that the economy is doing well, while a decrease indicates that the economy is not working at its full capacity.

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The main point that this video is touching upon is the shrinkage in Canada's GDP. A news anchor is telling the audience that it was predicted by economists that Canada's GDP would not fair well but that it is actually even worst then what was expected. Keeping in mind that this video is from May 2015, I find this to be very interesting information. Prior to watching this I had always assumed that Canada's GDP was doing very well and on the up and up. It shocked me to find out that even in a very developed country such as Canada we have plenty of economic problems

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Canada's GDP contracts for first time in nearly four years

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Canada's top banker had warned that our economic growth would be 'atrocious.' That prediction has come true. Canada's GDP shrank at a 0.6 per cent pace in the first quarters. It's the first contraction in nearly four years and it was worse than what economists predicted. Mike Drolet reports.

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For this video the narrator teaches about what GDP is and how it works. The way that he does this is by using funny and easy to remember names. For example he makes up a countries name and pretends that you want to move there. Then he says you probably want to know what the countries economy is like. So the best way to know a countries economic standing is by its GDP. This is how he gets the viewer interested in gross domestic product. He also explains its relevance to society and the economy by showing what GDP involves. I would recommend this video to someone who is just learning the basics of GDP.

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In this video the narrator goes over the basics of how economic growth works. This video is great for explaining the concept to new learners because it relates the economy to other more simple things. This way the viewer can get a better idea of how it works. The video also shows the benefits of economic growth and why people want to see the economy grow. For example, politicians want to see the economy grow and work towards achieving greater employment, stable prices, and balance between imported and exported goods.

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Economic Growth explained (explainity® explainer video)

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We will be showing content on Economic Growth and GDP. For starters Economic Growth is known as an increase in the amount of goods and services produced per head of the population over a period of time. GDP is short for Gross Domestic Product. We will also be showing the relation between the two and how they work in the real world.

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Economic Growth and GDP by Connor Dennison and Tatiana Da Silva

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Economic Growth and GDP by Connor Dennison and Tatiana Da Silva