The Globe and Mail reports in its Thursday, April 25, edition that a report published on Wednesday by Statistics Canada shows that Canada's economic output per capita has fallen to 7 per cent below its long-term trend, which amounts to a decline of about $4,200 per person. The Globe's Matt Lundy writes that to return to the trend line over the next 10 years, the real gross domestic product per capita would need to grow at an average annual rate of 1.7 per cent, which is similar to the strong growth rate seen in the United States in recent years. The trend for per capita output is based on data from 1981 to 2023 and is then projected to 2033. The authors of the report, Carter McCormack and Weimin Wang, wrote, "Per capita growth of this magnitude is ambitious and a marked departure from recent trends." Recent statistics reveal a sombre scenario. The actual GDP per person has plummeted to the levels observed back in 2017. Typically, people residing in regions with a higher average output per person earn more and live longer, making it a preferred yet not entirely perfect yardstick for assessing a country's overall living standards. The Bank of Canada expects GDP per capita to decline in the first half of 2024.