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The level of exports relative to imports. If exports are greater than imports there is a positive trade balance or a “trade surplus”, and if imports are greater than exports there is a negative trade balance or a “Trade Deficit”.
The Canada Emergency Response Benefit was a temporary stimulus program administered by the federal government in response to the Covid-19 recession.
The Canada Emergency Student Benefit was a temporary stimulus directed to students in response to the Covid-19 pandemic.
A methodology implemented by Statistics Canada which takes into account fluctuations in relative prices and the composition of output over time.
A trade agreement between the European Union and Canada which improved the flow of some goods including seafood.
An indicator of changes in consumer prices experienced by Canadians.
Includes the government and non-government employment.
An unconditional transfer of funds by the federal government to a province with below-average revenue per capita, intended to ensure that all provincial governments provide comparable levels of service and taxation.
Send (goods or services) to another country for sale.
A one year period of which is used for financial reports.
GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time.
Emissions of gas that contribute to the greenhouse effect by absorbing infrared radiation.
Bring (goods or services) into a country from abroad for sale.
An act of devoting time, effort, or energy to a particular undertaking with the expectation of a worthwhile result.
The work done by a group of workers or by a particular worker.
A measure of output (GDP) per labour hour.
refers to individuals who are employed and who are unemployed but actively seeking for an employment.
Measures happiness, or subjective wellbeing at a scale from 0-10.
The ability of growth in one industry to cause growth in other industries. Either through demand for inputs, increased supply of their good, or just the extra wealth within the economy.
An economy in which the labour force has the necessary skills to fill the types of jobs available.
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
refers to the metric comparing New Brunswick’s debt to its gross domestic product.
Expenditures on plants, equipment, and other assets used in production.
Peak refers to the maxima or minima over a given period.
All the inhabitants of a particular town, area, or country.
Attainment Rate is the percentage of people with a certain level of education completed. Note, this is not a measure for the number of graduates per year more like the number of degree/diploma holders per year .
The value of total output… with the general rate of inflation deducted.
A period with negative economic growth.
Revenue recycling refers to mechanisms through which income generated from carbon taxation is earmarked and returned back to society.
R&D per capita is essentially the expenditure on research and development divided by the number of habitants in New Brunswick.
Also known as “Hydrofracking” is a technique through which water is blasted into the earth to break up and release gas deposits. In 2014 a moratorium was placed on this practice by the provincial government following outcry from the public concerned about the environmental and ecological impacts of the practice.
Issues regarding the well-being of people and the environment.
Buy and sell goods and services.
Those aged 15-64.
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