Economic Context

Vital Signs® Canada Original Data Sources

12-1 GDP in Millions of Constant 2002 Dollars

	1996	1997	1998	1999	2000	2001	2002	2003
Waterloo Region	14,590	15,302	16,236	17,607	18,219	18,225	18,974	19,527

	2004	2005	2006	2007	2008
Waterloo Region	20,227	21,038	21,735	22,248	21,889

Source: GDP figures from CTT. Source for 2007 : CMA and CA data estimated by the Centre for Spatial Economics (C4SE). National and provincial data from Statistics Canada CANSIM Table 384-0002. Shares calculated by CSLS.

*Estimate

12-2 Percent Change in GDP Per Worker

2002    1.03
2003    1.01
2004    1.03
2005    1.03
2006    1.02

Source: Employment and GDP figures from CT

12-3 GDP Per Worker

	2001	2002	2003	2004	2005	2006	2007	2008
Waterloo Region	85,347	86,830	87,371	88,528	90,116	91,156	92,240	90,265
Ontario	77,206	76,904	76,895	76,743	77,604	78,487	79,234	79,833
Canada	73,769	73,128	73,563	73,721	74,887	75,570	76,099	76,685

Source: CMA and CA data estimated by the Centre for Spatial Economics (C4SE). The geography for a given CMA or CA is estimated by the aggregation of census divisions. Oakville was estimated by census subdivision data. National and provincial GDP data from Statistics Canada CANSIM Table 384-0002 and labour force data are from CANSIM table 282-0055.

12-4 Composite Construction Union Wage Rate Index

	1992	1993	1994	1995	1996	1997	1998	1999	2000
Waterloo Region	74.9	77.4	79.4	81.8	83.3	84.1	85.2	86.6	88.0
Ontario	78.7	80.1	82.2	83.3	83.4	84.6	85.2	85.6	86.7
Canada	76.9	78.4	79.7	80.6	80.9	82.0	82.8	83.6	85.2

	2001	2002	2003	2004	2005	2006	2007	2008
Waterloo Region	89.0	90.3	91.5	93.6	96.6	98.7	100.0	101.4
Ontario	88.1	90.2	92.2	94.1	96.2	98.1	100.0	102.0
Canada	86.6	89.1	91.1	92.4	94.2	97.0	100.0	103.7

Source: Calculated from Cansim Table 327-0045. Index calculated as the reweighted average of monthly indeces; each month was given equal weight.

12-5 Retail Sales Projections

	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009
Waterloo Region	3,783	4,550	4,788	4,945	5,184	5,435	5,600	5,118	5,542	5,688

Source: Financial Post, "FP Markets- Canadian Demographics" Annual reports from 2000-2009

12-6 Percent Change in Consumer Bankruptcies

	2001	2002	2003	2004	2005	2006	2007
Waterloo Region	2.3	-6.3	14.8	8.3	-4.8	2.0	3.4
Ontario	9.8	4.4	11.7	1.7	1.8	-4.6	5.2
Canada	5.7	-1.5	7.7	0.2	0.3	-6.4	0.7

Source: Industry Canada, Office of the Superintendant of Bankruptcy Canada, "Annual Statistics Report" for years 2000 to 2007, tables 2,3 and 8 for each report. Available at http://strategis.ic.gc.ca/epic/site/bsf-osb.nsf/en/br01775e.html and http://strategis.ic.gc.ca/epic/site/bsf-osb.nsf/en/br01711e.html for 2007 and all previous years, respectively.

12-7 Consumer Bankruptcies per 1000 Adults

	2000	2001	2002	2003	2004	2005	2006	2007	2008
Waterloo Region	3.1	3.2	209	3.2	3.4	3.1	3.2	3.3	3.7
Ontario	2.6	2.8	2.9	3.2	3.2	3.2	3.0	3.1	3.6
Canada	3.2	3.3	3.2	3.4	3.4	3.3	3.1	3.1	3.4

Source: Office of the Superintendent of Bankruptcy Canada

12-8 Consumer Bankruptcies

	2000	2001	2002	2003	2004	2005	2006	2007
Waterloo Region	1,018	1,041	975	1,119	1,212	1,154	1,177	1,217

12-9 Percent Change in Business Bankruptcies

	2001	2002	2003	2004	2005	2006	2007
Waterloo Region	-4.72	20.79	-22.13	-17.89	1.28	24.05	-17.35
Ontario	11.65	-11.81	-3.05	-8.48	6.18	-1.44	-3.06
Canada	3.48	-8.97	-6.63	-8.10	-7.49	-10.15	-6.65

Based on Industry Canada, Office of the Superintendant of Bankruptcy Canada, "Annual Statistics Report" for years 2000 to 2007, tables 2,3 and 8 for each report. Available at http://strategis.ic.gc.ca/epic/site/bsf-osb.nsf/en/br01775e.html and http://strategis.ic.gc.ca/epic/site/bsf-osb.nsf/en/br01711e.html for 2007 and all previous years, respectively.

12-10 Business Bankruptcies per 1000 Businesses

	2000	2001	2002	2003	2004	2005	2006	2007	2008
Waterloo Region	4.2	4.0	4.5	3.5	2.7	2.7	3.3	2.4	2.5
Ontario	4.1	4.4	3.7	3.5	3.0	3.3	3.1	2.9	2.7
Canada	4.9	4.9	4.4	4.0	3.5	3.4	2.9	2.6	2.6

Source: Office of the Superintendent of Bankruptcy Canada

12-11 Business Bankruptcies

	2000	2001	2002	2003	2004	2005	2006	2007
Waterloo Region	106	101	122	95	78	79	98	81

12-12 Employment Level

2001	223300
2002	226000
2003	233900
2004	237300
2005	249900
2006	251400
2007	250300

Source: Statistics Canada Cansim Table 282-0053

12-13 Average Before-Tax Income for Economic Families in Vital Signs Communities

	2000	2001	2002	2003	2004	2005	2006	2007
Waterloo Region	78,000	79,200	77,100	83,900	81,500	83,900	86,800	88,000
Ontario	89,500	89,600	88,800	88,000	89,500	89,300	89,600	92,300
Canada	78,600	79,800	79,600	79,000	80,900	81,700	83,500	86,300

Source: Statistics Canada. Income Trends in Canada 1976-2006. Table 202-0403 titled "Average total income, by economic family type, 2006 constant dollars, Canada, provinces and select CMAs". Based on SLID (Survey of Labour and Income Dynamics).

12-14 Percent Employment by Industry for Vital Signs CMA's and Economic Regions

	Waterloo Region	Ontario	Canada
Agriculture	0.7	1.3	1.9
Forestry, Fishing, Mining, Oil and Gas	n/a	0.6	2.0
Utilities	0.7	1.0	0.9
Construction	6.6	6.6	7.2
Manufacturing	20.3	13.5	11.5
Trade	15.6	15.3	15.6
Transportation and Warehousing	4.5	4.9	5.0
Finance, Insurance, Real Estate and Leasing	7.2	7.1	6.3
Professional, Scientific and Techincal Services	6.1	7.5	7.0
Business, Building and Other Support Services	3.6	4.5	4.0
Educational Services	10.6	7.2	7.0
Health Care and Social Assistance	7.8	10.4	11.1
Information, Culture and Recreation	3.5	4.6	4.4
Accomodation and Food Services	5.2	5.9	6.3
Other Services	4.3	4.2	4.4
Public Administration	3.2	5.4	5.4

Source: Statistics Canada Labour Force Survey Estimates, Cansim tables 282-0008, 282-0057, 282-0061

12-15 Median Age of the Population

	1996	2001	2006
Waterloo Region	33.5	35.3	36.4
Ontario	35.2	37.2	39
Canada	35.3	37.6	39.5

Source: Statistics Canada, Community Profiles, Census 2001 and 2006

12-16 Five-Year Population Growth

	1996	2001	2006
Waterloo Region	6.6	8.2	9.0
Ontario	4.1	6.1	6.6
Canada	4.0	4.0	5.4

Source: Canada Census 1996, 2001, 2006

Viewed 2736 times

Email Link

Waterloo Region’s Vital Signs

Economic Context