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CHAPTER 3

Figure 3-2: Contribution to Real GDP Growth 2006-2010

Figure 3.2 depicts the contribution of various components to real (Chained 2002 Dollars) Gross Domestic Product (GDP, expenditure based) growth over the period 2006-2010 in percent. Consumer expenditures on Goods and Services expanded its contribution from 2.3 percent in 2006 to 2.6 percent in 2007, declined to 1.6 percent in 2008 and 0.2 percent in 2009 before rebounding to 2.0 in 2010. The contribution from Government expenditures was 0.8% in 2006, 0.7% in 2007, 0.9% in 2008, 1.2% in 2009 and 1.3% in 2010. The contribution from Business expenditures gradually declined from 1.2 percent in 2006 to -0.1 percent in 2008 and -4.1 percent in 2009 before rebounding to 2.0 percent in 2010. Net exports reversed its negative contribution at -1.4 percent in 2006, -1.5 percent in 2007 and -1.9 percent in 2008 to a positive 0.1 percent in 2009 before slumping back into negative again at -2.2 percent in 2010.

Source: Statistics Canada