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While [[Provinces and territories of Canada|Canada’s ten provinces and three territories]] exhibit high 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 United States|northeastern]] and [[midwestern United States|midwestern]] [[United States]]; if compared to countries, Ontario's GDP would rank 25th largest in the world. Conversely, territorial GDPs are comparable to those of smaller [[island nation]]s and, in turn, smaller than [[list of the 100 largest cities in Canada|many larger Canadian cities and towns]].
While [[Provinces and territories of Canada|Canada’s ten provinces and three territories]] exhibit high 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 United States|northeastern]] and [[midwestern United States|midwestern]] [[United States]]; if compared to countries, Ontario's GDP would rank 25th largest in the world. Conversely, territorial GDPs are comparable to those of smaller [[island nation]]s and, in turn, smaller than [[list of the 100 largest cities in Canada|many larger Canadian cities and towns]].


There is also variation among provincial and territorial GDPs per capita. Largely the result of [[Canadian Oil Patch#Alberta|its oil industry]], [[Alberta]]’s very high GDP per capita is more than double that of [[Prince Edward Island]], the province with the lowest GDP per capita. To equilibrate these disparities and enable comparable service delivery nationwide, the [[Canadian federalism|federal government]] [[transfer payment|pools and transfers moneys]] through [[equalization payments]] from the ‘have’ provinces (those with above average economies) — namely Ontario and Alberta — to ‘have-not’ ones (those having below average economies). In absolute terms, [[Quebec]] is a major long-standing recipient of equalization. In the last decade, [[British Columbia]] and [[Saskatchewan]] have both subsidized and received equalization. [[Newfoundland and Labrador]], traditionally a ‘have-not’ province, has undergone a dramatic increase in its GDP in recent years due largely to a number of [[Canadian Oil Patch#Eastern Canada (offshore)|off-shore oil projects]]. The territories generally exhibit higher GDP per capita values, attributable to heightened federal transfers that accommodate for the high [[cost of living|costs of living]] amidst the inclement [[Arctic]] climate of [[northern Canada]].
There is also variation among provincial and territorial GDPs per capita. Largely the result of [[Canadian Oil Patch#Alberta|its oil industry]], [[Alberta]]’s very high GDP per capita is more than double that of [[Prince Edward Island]], the province with the lowest GDP per capita. To equilibrate these disparities and enable comparable service delivery nationwide, the [[Canadian federalism|federal government]] [[transfer payment|pools and transfers moneys]] through [[equalization payments]] from the ‘have’ provinces (those with above average economies) — namely Ontario and Alberta — to ‘have-not’ ones (those having below average economies). In absolute terms, [[Quebec]] is a major long-standing recipient of equalization. In the last decade, [[British Columbia]] and [[Saskatchewan]] have both subsidized and received equalization. [[Newfoundland and Labrador]], traditionally a ‘have-not’ province, has undergone a dramatic increase in its GDP in recent years due largely to a number of [[Canadian Oil Patch#Eastern Canada (offshore)|off-shore oil projects]] and will be off equalization by the end of the 2008 fiscal year. The territories generally exhibit higher GDP per capita values, attributable to heightened federal transfers that accommodate for the high [[cost of living|costs of living]] amidst the inclement [[Arctic]] climate of [[northern Canada]].


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Revision as of 01:58, 30 April 2008

This article lists Canadian provinces and territories by gross domestic product. As of 2006, Canada has a total gross domestic product (GDP) of C$1.439 trillion or (at purchasing power parity (PPP) roughly US$1.164 trillion, ranking 12th in the world. GDP per capita — essentially total GDP divided by population — for Canada is C$44,109 or US$35,778, ranking 7th worldwide.

While Canada’s ten provinces and three territories exhibit high 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; if compared to countries, Ontario's GDP would rank 25th largest in the world. Conversely, territorial GDPs are comparable to those of smaller island nations and, in turn, smaller than many larger Canadian cities and towns.

There is also variation among provincial and territorial GDPs per capita. Largely the result of its oil industry, Alberta’s very high GDP per capita is more than double that of Prince Edward Island, the province with the lowest GDP per capita. To equilibrate these disparities and enable comparable service delivery nationwide, the federal government pools and transfers moneys through equalization payments from the ‘have’ provinces (those with above average economies) — namely Ontario and Alberta — to ‘have-not’ ones (those having below average economies). In absolute terms, Quebec is a major long-standing recipient of equalization. In the last decade, British Columbia and Saskatchewan have both subsidized and received equalization. Newfoundland and Labrador, traditionally a ‘have-not’ province, has undergone a dramatic increase in its GDP in recent years due largely to a number of off-shore oil projects and will be off equalization by the end of the 2008 fiscal year. The territories generally exhibit higher GDP per capita values, attributable to heightened federal transfers that accommodate for the high costs of living amidst the inclement Arctic climate of northern Canada.

Listings

Real GDP

Real gross domestic product, expenditure-based, by province and territory 2001 and 2006 Plus percent of TOTAL GDP 2006 for each jurisdiction, real growth in dollars, percent of total growth
 (millions of chained (1997) C$ sorted by GDP 2006, descending)

Province or territory GDP
2001 		% of
2001
GDP 		GDP
2006 		% of
2006
GDP 		Real
Growth 		% of
TOTAL
Growth
 Ontario 436,762 42.31 493,126 41.46 56,364 35.80
 Quebec 218,626 21.18 242,039 20.35 23,413 14.87
 Alberta 123,250 11.94 152,670 12.83 29,420 18.69
 British Columbia 125,924 12.20 150,741 12.67 24,817 15.56
 Manitoba 33,111 3.21 37,052 3.11 3,941 2.50
 Saskatchewan 30,953 3.00 34,292 2.88 3,339 2.12
 Nova Scotia 23,700 2.23 25,814 2.17 2,114 1.34
 New Brunswick 19,257 1.87 21,773 1.83 2,516 1.60
 Newfoundland and Labrador 12,515 1.21 15,719 1.32 3,204 2.04
 Northwest Territories 2,924 0.28 4,103 0.35 1,179 0.75
 Prince Edward Island 3,078 0.30 3,505 0.29 427 0.27
 Yukon 1,161 0.11 1,285 0.11 124 0.08
 Nunavut 847 0.08 926 0.07 79 0.05
TOTAL 1,032,108 100.00 1,189,535 100.00 157,427 100.00

Derived from: Statistics Canada - Real gross domestic product, 2002-2006[1]

Consolidated

A consolidated table listing total GDP (expenditure-based), population, and per capita GDP; subnational entities are ordered alphabetically.

Province or territory GDP
(million C$, 2006) 		Population
(2006) 		GDP per capita
(C$, 2006)
 Alberta 235,593 3,375,800 69,789
 British Columbia 179,701 4,310,500 41,689
 Manitoba 44,757 1,177,800 38,001
 New Brunswick 25,221 749,200 33,664
 Newfoundland and Labrador 24,897 509,200 47,520
 Northwest Territories 4,103 41,900 97,923
 Nova Scotia 31,966 934,400 34,210
 Nunavut 1,213 30,800 39,383
 Ontario 556,282 12,687,000 43,847
 Prince Edward Island 4,332 138,500 31,278
 Quebec 284,158 7,651,500 37,138
 Saskatchewan 45,051 985,400 45,718
 Yukon 1,596 31,200 51,154
Canada 1,439,291 32,623,500 44,118
Source: Statistics Canada: GDP (totals)[2], Population[3]

Ordered by GDP

Canadian provinces and territories are listed in descending order of GDP. For each, after currency conversion, comparable countries (per the International Monetary Fund in 2006) are listed.

Rank Province or territory,
with flag 		GDP (2006) Comparable country
All Territory million C$ % of total
1 –  Ontario 556,282 38.65 Philippines
2 –  Quebec 284,158 19.74 Hong Kong SAR
3 –  Alberta 235,593 16.37 Czech Republic
4 –  British Columbia 179,701 12.49 Nigeria
5 –  Saskatchewan 45,051 3.16 Kenya
6 –  Manitoba 44,757 3.11 Cambodia
7 –  Nova Scotia 31,966 2.22 Côte d'Ivoire
8 –  New Brunswick 25,221 1.75 Botswana
9 –  Newfoundland and Labrador 24,897 1.73 Estonia
10 –  Prince Edward Island 4,332 0.30 Eritrea
11 1  Northwest Territories 4,103 0.28 Guyana
12 2  Yukon 1,596 0.11 Seychelles
13 3  Nunavut 1,213 0.08 Samoa
Canada 1,438,870 100

Ordered by GDP per capita

Canadian provinces and territories are listed in descending order of GDP (PPP) per capita. For each, after currency conversion, comparable countries in 2006 are listed.

Rank Province or territory,
with flag 		GDP (PPP)
per capita
(C$, 2005) 		Comparable country[4]
All Province Territory
1 – 1  Northwest Territories 97,923 Luxembourg
2 1 –  Alberta 69,789 Norway
3 – 2  Yukon 51,154 Norway
4 2 –  Newfoundland and Labrador 47,520 Norway
5 3 –  Saskatchewan 45,718 United States
6 4 –  Ontario 43,847 Republic of Ireland
7 5 –  British Columbia 41,689 Iceland
8 – 3  Nunavut 39,383 Iceland
9 6 –  Manitoba 38,001 Denmark
10 7 –  Quebec 37,138 Hong Kong, SAR
11 8 –  Nova Scotia 34,210 Belgium
12 9 –  New Brunswick 33,664 Japan
13 10 –  Prince Edward Island 31,278 Singapore
Canada 44,118
Notes
  1. ^ Statistics Canada (2007). "Real gross domestic product, 2002-2006". Retrieved 2007-07-27. {{cite web}}: Unknown parameter |month= ignored (help)
  2. ^ Statistics Canada (2007). "Gross domestic product, expenditure-based, by province and territory". Retrieved 2007-07-27. {{cite web}}: Unknown parameter |month= ignored (help)
  3. ^ Statistics Canada (2006). "Population by year, by province and territory". Retrieved 2007-07-27. {{cite web}}: Unknown parameter |month= ignored (help)
  4. ^ The purchasing power parity for each province or territory has not been taken into account and may vary widely between provinces or territories. Therefore, the comparison between a province or territory to a listed country based on purchasing power may not be accurate.

References

See also


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