List of Canadian provinces and territories by gross domestic product

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This article lists Canadian provinces and territories by gross domestic product (GDP).

While Canada’s ten provinces and three territories exhibit high per capita GDPs, there is wide variation among them. Ontario, the country's most populous province, is a manufacturing and trade locus with extensive linkages to the northeastern and midwestern United States. The economies of Alberta, Saskatchewan, Newfoundland and the territories rely heavily on natural resources and produce the highest per capita GDP values in the country. On the other hand, Manitoba, Quebec and The Maritimes have the country's lowest per capita GDP values.

In the face of these long-term regional disparities, the Government of Canada redistributes some of its revenues through unconditional equalization payments and finances the delivery of comparable levels of government services through the Canada Health Transfer and the Canada Social Transfer.

GDP and per capita GDP[edit]

A table listing total GDP (expenditure-based), share of Canadian GDP, population, and per capita GDP, for illustrative purposes, market income (total income less government transfers) per capita from tax returns is included. (The per capita, rather than per taxfiler, measure is chosen for comparability with GDP per capita.) These show that while there is a correlation between GDP and personal income, there is a substantial gap between the two. The following factors explain a large part of the gap:

  • capital depreciation (particularly large in regions with significant resource-extraction sectors),
  • taxes less subsidies on production (e.g. business property taxes), products (e.g. GST, PST) and imports,
  • the imputed rent on owner-occupied housing, and
  • employers' social contributions (e.g. employers' part of EI and CPP, employer-provided health plan).
Province
or
Territory
GDP
(million
CAD, 2016)
Share of
national GDP
(%, 2016)
Population
(2016)
GDP
per capita
(CAD, 2016)
Market
Income
per capita
(CAD, 2016)
Flag of Canada.svg Canada 2,035,506 100 36,264,604 56,129 31,737
 British Columbia 263,706 12.96 4,757,658 55,428 32,451
 Alberta 314,944 15.47 4,236,376 74,343 37,905
 Saskatchewan 75,261 3.70 1,148,588 65,525 31,049
 Manitoba 67,863 3.33 1,318,115 51,485 27,831
 Ontario 794,835 39.05 13,976,320 56,870 32,673
 Quebec 394,819 19.40 8,321,888 47,443 28,580
 New Brunswick 34,224 1.68 757,384 45,187 26,177
 Prince Edward Island 6,321 0.31 149,472 42,289 25,807
 Nova Scotia 41,726 2.05 948,618 43,986 27,623
 Newfoundland and Labrador 31,112 1.53 530,305 58,668 29,480
 Yukon 2,800 0.14 38,086 73,518 38,233
 Northwest Territories 4,739 0.23 44,617 106,215 40,496
 Nunavut 2,443 0.12 37,177 65,713 25,856

Source: Statistics Canada: GDP (totals),[1] Population,[2] Total income and government transfers,[3] Population covered by income data[4]

International comparisons[edit]

The table below uses the International Monetary Fund's estimate for Canada's GDP by purchasing power parity in United States dollars. Provincial figures are computed proportionally, and per capita figures are obtained through division by the population numbers in the previous table, the national economy with the closest figure for the relevant year according to the International Monetary Fund is then indicated.

(Note that because the same conversion rate is used for all of Canada, this method overstates the GDP PPP of provinces and territories with high price levels, and understates the GDP PPP of provinces and territories with low price levels.)

Province
or
Territory
GDP
(million
USD PPP, 2016)
Comparable economy
by GDP PPP
GDP
per capita
(USD PPP, 2016)
Comparable economy
by GDP PPP
per capita
Flag of Canada.svg Canada 1,687,364  Spain 46,529  Bahrain
 Ontario 658,891  Iraq 47,143  Bahrain
 Quebec 327,291  Qatar 39,329  Malta
 Alberta 261,078  Sri Lanka 61,628   Switzerland
 British Columbia 218,603  Uzbekistan 45,948  Oman
 Saskatchewan 62,389  Paraguay 54,318  Saudi Arabia
 Manitoba 56,256  El Salvador 42,679  United Kingdom
 Nova Scotia 34,589  Mozambique 36,463  Spain
 New Brunswick 28,371  Chad 37,459  South Korea
 Newfoundland and Labrador 25,791  Armenia 48,634  Germany
 Prince Edward Island 5,240  Barbados 35,056  Israel
 Northwest Territories 3,928  Cape Verde 88,049  Singapore
 Yukon 2,321  Antigua and Barbuda 60,944   Switzerland
 Nunavut 2,025  San Marino 54,474  Saudi Arabia

Components of GDP[edit]

A table of Canadian provinces and territories by descending GDP (at current prices and expenditure-based); all figures are from Statistics Canada. [6]

Province
or
Territory
GDP
(million
CAD, 2014)
= Final
Consumption
Expenditure
+ Gross
Capital
Formation
+ Investment
in
Inventories
+ Exports − Imports
Flag of Canada.svg Canada 1,973,043 1,513,043 469,739 8,488 1,005,446 1,024,061
 British Columbia 237,188 202,405 56,081 1,747 93,215 116,444
 Alberta 375,756 198,643 132,709 1,876 206,923 164,444
 Saskatchewan 82,780 50,046 26,100 −2,316 58,328 49,340
 Manitoba 64,077 55,129 15,663 −385 35,992 42,256
 Ontario 721,970 576,173 135,610 5,234 370,845 365,804
 Quebec 370,064 315,396 74,182 2,110 171,350 193,352
 New Brunswick 32,056 31,898 5,391 1 25,792 31,015
 Prince Edward Island 6,003 6,106 989 56 2,729 3,877
 Nova Scotia 39,077 42,981 7,465 25 15,377 26,756
 Newfoundland and Labrador 33,514 23,786 11,853 −68 19,787 21,855
 Yukon 2,603 2,783 814 4 802 1,791
 Northwest Territories 4,731 3,705 1,485 83 3,392 3,929
 Nunavut 2,487 2,473 1,293 122 910 2,301

Figures may not add up precisely due to omission of the statistical discrepancy column and the "Outside Canada" row.

See also[edit]

Notes[edit]

  1. ^ Canada, Government of Canada, Statistics. "CANSIM - 384-0038 - Gross domestic product, expenditure-based, provincial and territorial". www5.statcan.gc.ca. Retrieved 2016-12-27. 
  2. ^ Canada, Government of Canada, Statistics. "CANSIM - 051-0001 - Estimates of population, by age group and sex for July 1, Canada, provinces and territories". www5.statcan.gc.ca. Retrieved 2017-09-28. 
  3. ^ Canada, Government of Canada, Statistics. "Tax filers and dependants with income by source of income". www150.statcan.gc.ca. Retrieved 2018-07-12. 
  4. ^ Canada, Government of Canada, Statistics. "Selected characteristics of tax filers and dependants, income and demographics (final T1 Family File)". www150.statcan.gc.ca. Retrieved 2018-07-12. 
  5. ^ "World Economic Outlook Database, April 2018". www.imf.org. Retrieved 2018-04-19. 
  6. ^ "Table 384-0038 - Gross domestic product, expenditure-based, provincial and territorial, annual (dollars unless otherwise noted), CANSIM (database)". Statistics Canada. 2012-11-26. 

References[edit]