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SPECIAL FEATURE

Figure 5: Growth in Global Value Chains in Canada

Figure 5 depicts the difference in average annual growth rates over the period 1990 to 2008 between nominal GDP and various global value chain indicators.

Goods exports expanded 0.64 times faster than GDP; exports of commercial services expanded 1.7 times faster than GDP; exports of royalties and licencing fees expanded 14.5 times faster than GDP; exports of research and development related services expanded 2.2 times faster than GDP; outward Foreign Direct Investment (FDI) expanded 1.3 times faster than GDP; Canadian foreign affiliate sales abroad expanded at a rate equal to GDP growth;  goods imports expanded 0.59 times faster than GDP; imports of commercial services expanded 0.8 times faster than GDP; imports of royalties and licencing fees expanded 1.7 times faster than GDP; imports of research and development related services expanded 0.4 times faster than GDP; inward FDI expanded 3.1 times faster than GDP; foreign owned companies’ sales in Canada expanded at a rate 0.12 faster than GDP growth.

Data: Statistics Canada.