How the government's economic recovery spin falls apart in one chart

The Conservative government likes to brag that Canada leads the G-7 in growth over the economic recovery, but it gets there using very selective statistics.

For a more accurate picture, check out the analysis from the Canadian Centre for Policy Alternatives. Using data from the Organisation for Economic Co-operation and Development (OECD), Canada ranks 11th in real GDP recovery since the trough of the recession in a ranking of the world's most developed economies.

And when population growth and purchasing power are taken into account, CCPA shows that Canada falls to 16th spot in real GDP per capita growth, behind G-7 countries Germany, Japan and the United States.

"After adjusting for population growth and equalizing purchasing power, Canada's real GDP per capita growth over the recovery has been just 4.1%. This is well below the OECD average of 5.2%," CCPA explains, "and the economies of 10 OECD countries have at least doubled our per capita wealth creation."


Source: CCPA (OECD StatExtracts, GDP per head in constant US $ PPPs)

Photo: ross_angus. Used under a Creative Commons BY-SA 2.0 licence.

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