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). As of 2015, Canada has a total GDP of USD$1.55 trillion,[1] ranking 11th worldwide.[2]

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 20th largest (as of 2011) in the world. Conversely, territorial GDPs are comparable to those of smaller island nations and, in turn, smaller than many Canadian cities. The economies of the Provinces of Alberta, Saskatchewan, and Newfoundland rely heavily on natural resources and these produce the highest per-capita GDP values in the country.

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.

Gross domestic product[edit]

A table of Canadian provinces and territories by descending GDP (at current price and expenditure-based); all figures are from Statistics Canada.[3]

Province
or
Territory
GDP
(million
CAD $, 2015)
Share of
national GDP
(%, 2015)
GDP
(million
CAD $, 2005)
Share of
national GDP
(%, 2005)
Flag of Canada.svg Canada 1,986,193 100 1,417,028 100
 British Columbia 249,981 12.59 174,855 12.34
 Alberta 326,433 16.44 225,460 15.91
 Saskatchewan 79,415 4.00 44,889 3.17
 Manitoba 65,862 3.32 43,082 3.04
 Ontario 763,276 38.43 556,635 39.28
 Quebec 380,972 19.18 280,133 19.77
 New Brunswick 33,052 1.66 25,552 1.80
 Prince Edward Island 6,186 0.31 4,257 0.30
 Nova Scotia 40,225 2.03 32,127 2.27
 Newfoundland and Labrador 30,100 1.52 22,249 1.57
 Yukon 2,710 0.14 1,572 0.11
 Northwest Territories 4,828 0.24 4,445 0.31
 Nunavut 2,447 0.12 1,161 0.08

Per capita GDP[edit]

A consolidated table listing total GDP (expenditure-based), 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$, 2015)
Population
(2015)
GDP
per capita
(CAD$, 2015)
Market
Income
per capita
(CAD$, 2015)
Flag of Canada.svg Canada 1,986,193 35,848,610 55,405 32,380
 British Columbia 249,981 4,692,953 53,267 32,199
 Alberta 326,433 4,179,660 78,100 43,517
 Saskatchewan 79,415 1,132,263 70,138 32,581
 Manitoba 65,862 1,295,981 50,820 28,178
 Ontario 763,276 13,797,038 55,322 32,783
 Quebec 380,972 8,259,452 46,126 28,195
 New Brunswick 33,052 754,309 43,818 25,815
 Prince Edward Island 6,186 146,736 42,157 25,480
 Nova Scotia 40,225 943,373 42,640 27,833
 Newfoundland and Labrador 30,100 528,676 56,935 30,383
 Yukon 2,710 37,393 72,473 37,511
 Northwest Territories 4,828 44,244 109,122 41,686
 Nunavut 2,447 36,532 66,982 25,658

Source: Statistics Canada: GDP (totals),[4] Population,[5] Total income and government transfers,[6] Population covered by income data[7]

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. [8]

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. ^ "Report for Selected Countries and Subjects". World Economic Outlook. International Monetary Fund. October 2014. Retrieved 8 October 2014. 
  2. ^ "G-20: The new global economy". CNN. 2010-11-22. 
  3. ^ Canada, Government of Canada, Statistics. "CANSIM - 384-0038 - Gross domestic product, expenditure-based, provincial and territorial". www5.statcan.gc.ca. Retrieved 2016-12-27. 
  4. ^ Canada, Government of Canada, Statistics. "CANSIM - 384-0038 - Gross domestic product, expenditure-based, provincial and territorial". www5.statcan.gc.ca. Retrieved 2016-12-27. 
  5. ^ 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 2016-12-27. 
  6. ^ Canada, Government of Canada, Statistics. "CANSIM - 111-0007 - Characteristics of individuals, taxfilers and dependents with income by source of income". www5.statcan.gc.ca. Retrieved 2017-07-12. 
  7. ^ Canada, Government of Canada, Statistics. "CANSIM - 111-0004 - Characteristics of individuals, taxfilers and dependents, summary table, income and demographics of individuals". www5.statcan.gc.ca. Retrieved 2017-07-12. 
  8. ^ "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]