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Cake day: June 9th, 2023

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  • GDP-per-capita is a terrible metric in isolation. Yes, Canada had large population growth relative to it’s GDP growth over the same period, leading to lower gdp-per-capita. This is natural as immigrants will take some time to get employed, upskill, and contribute to the economy. You know what would collapse gdp-per-capita even faster? Achieving that population growth via increasing local birthrates, where instead of immigrants taking a few months to a couple years to get situated into the economy, we have children consuming resources and adding nothing at all to the GDP for ~18 years. But in either case, that population growth is good for Canada in the long term.