The Measuring What Matters dashboard provides a snapshot of nine industrial policy indicators chosen to provide a high-level overview of Canada’s current situation and how it compares with a selection of peer economies. We view this tool as a starting point for discussion, and we encourage you to explore the dashboard to uncover your own insights.
Manufacturing Value Added and Sectoral Composition, 2016 and 2022
Manufacturing value added expressed as a percentage of GDP for 2016 and 2022. Hollow
markers denote 2016 values, while filled markers denote 2022 values; horizontal separation between markers
indicates the magnitude of change over the period.
1.1Total Manufacturing Value Added (% of GDP), 2016 and
2022
Hollow circle = 2016 · Filled circle = 2022
Source: UNIDO INDSTAT Revision 4
1.2Manufacturing Value Added For Selected Sectors (% of
GDP), 2016 and 2022
Hollow circle = 2016 · Filled circle = 2022
Source: UNIDO INDSTAT Revision 4
Domestic Value Added Content of Gross Exports by Sector, 2015 and 2022
Domestic value added expressed as a percentage of gross exports for 2015 and 2022.
Hollow markers denote 2015 values, while filled markers denote 2022 values; horizontal separation between
markers indicates the magnitude of change over the period.
2.1Domestic Value Added in Gross Exports For Selected
Sectors (%), 2015 and 2022
Hollow circle = 2015 · Filled circle = 2022
Source: OECD TiVA Database
Foreign Value Added Content of Domestic Final Demand by Sector, 2015 and 2022
Foreign value added is expressed as a percentage of domestic final demand for 2015 and
2022. Hollow markers denote 2015 values, while filled markers denote 2022 values; horizontal separation
between markers indicates the magnitude of change over the period.
3.1Foreign Value Added in Domestic Final Demand For
Selected Sectors (%), 2015 and 2022
Hollow circle = 2015 · Filled circle = 2022
Source: OECD TiVA Database
Business Enterprise R&D Expenditure as a Share of GDP, 2017 to 2023
Business enterprise R&D expenditure (BERD) is expressed as a percentage of GDP over the
period 2017 to 2023. Canada is highlighted, and the OECD average is shown as a dashed reference line.
4.1Business Enterprise R&D Expenditure (% of GDP),
2017–2023
Canada highlighted · OECD average shown as dashed reference
Source: OECD MSTI Database
4.2Business
Enterprise R&D Expenditure by Sector — Manufacturing Industry (% of Total GDP),
2017–2023
Business enterprise R&D expenditure is shown by sector as a percentage of
GDP over the period 2017–2023. Not all countries report data for all sectors.
Source: OECD MSTI Database
Announced Greenfield Foreign Direct Investment by Destination Country, 2004–2024
Announced greenfield foreign direct investment (FDI) expressed in current US dollars
over the period 2004–2024. Values represent the total value of announced projects by destination
country.
5.1Announced Greenfield FDI (US$
billions), 2004–2024
Value of announced greenfield FDI projects by destination
Source: UNCTAD, World Investment Report Annex Tables
5.2Greenfield FDI Momentum Index (2010 = 100),
2004–2024
Announced greenfield FDI is indexed to 2010 = 100 using a three-year centred moving
average to smooth year-to-year volatility, values above 100 indicate levels above the 2010 baseline
Source: UNCTAD, World Investment Report Annex Tables ·
Author calculations (3-year centred moving average, indexed to 2010)
Economic Complexity Index Trajectories, 2015, 2019 and 2024
Each country is plotted by Economic Complexity Index (ECI) rank (x-axis) and ECI score
(y-axis) for 2015, 2019 and 2024. Arrows indicate the direction of change over time, lower rank values and
higher scores correspond to greater economic complexity.
6.1ECI Rank and Score Trajectories, 2015–2024
Each country is plotted by ECI rank (x) and ECI score (y) · Arrows indicate direction
of change · Upper-left = highest complexity
Source: Growth Lab, Harvard University · Atlas of
Economic Complexity
Gross Fixed Capital Formation and Sectoral Capital Formation as Shares of GDP
Gross fixed capital formation and sectoral capital formation are expressed as
percentages of GDP across Canada and selected economies. Figures distinguish between total economy
investment and industry-level investment intensity.
7.1Gross
Fixed Capital Formation as a Share of GDP — Total Economy,
2004–2024
Canada
Australia
Sweden
S. Korea
All-sector GFCF as share of GDP · World Bank WDI
Source: World Bank, World Development Indicators · Gross
fixed capital formation (% of GDP) [NE.GDI.FTOT.ZS]
7.2
Industrial Gross Capital Formation as a Share of GDP — Total Manufacturing, 2016–2022
Trend lines by country · 2016–2022
Source: UNIDO INDSTAT Rev. 4 (AUS, SWE, KOR) · Statistics Canada Table
36-10-0096-01 (CAN) · Author calculations
Labour Productivity by Sector
Labour productivity is expressed as output per worker in constant PPP-adjusted US
dollars. Figures distinguish between productivity levels and year-over-year growth rates.
8.1Labour
Productivity as Output per Worker, Financial and Insurance Sector, Canada and Selected Economies,
2017–2023
Canada
Australia
Sweden
S. Korea
Output per worker in constant 2020 US$ purchasing power parity (PPP).
Source: OECD Regional Economics · Labour Productivity by
Main Economic Activity
8.2Labour
Productivity Growth, Construction Sector, Canada and Selected Economies, 2018–2023
Year-over-year percentage change in output per worker.
Source: OECD Regional Economics · Author calculations
Patent Applications and Innovation Intensity by Sector
Patent applications are expressed across multiple measures, including sectoral shares,
patents per capita, and patents relative to R&D expenditure, across Canada and selected economies. Figures
distinguish between patent composition and measures of innovation intensity.
9.1
Canada
Australia
Sweden
S. Korea
Source: OECD Patents by WIPO Technology Domains
9.2Patent
Applications per Million Population, All Sectors, Canada and Selected Economies, 2017–2022
Patent applications per million inhabitants · normalises for
country size
Source: OECD Patents · World Bank Population Estimates
9.3Patent
Applications per Unit of R&D Expenditure, All Sectors, Canada and Selected Economies,
2017–2022
Patent applications per billion US$ of gross domestic R&D expenditure
(GERD) · measures innovation efficiency
Source: OECD Patents · OECD Main Science & Technology
Indicators (GERD, current PPP $)