List of Canadian provinces and territories by gross domestic product

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

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.)

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)
Canada 2,035,506 100 36,264,60456,12931,737
 British Columbia263,70612.964,757,65855,42832,451
 Alberta314,94415.474,236,37674,34337,905
 Saskatchewan75,2613.701,148,58865,52531,049
 Manitoba67,8633.331,318,11551,48527,831
 Ontario794,83539.0513,976,32056,87032,673
 Quebec394,81919.408,321,88847,44328,580
 New Brunswick34,2241.68757,38445,18726,177
 Prince Edward Island6,3210.31149,47242,28925,807
 Nova Scotia41,7262.05948,61843,98627,623
 Newfoundland and Labrador31,1121.53530,30558,66829,480
 Yukon2,8000.1438,08673,51838,233
 Northwest Territories4,7390.2344,617106,21540,496
 Nunavut2,4430.1237,17765,71325,856

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

International comparisons

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 PPP
(million
USD, 2016)		 Comparable economy
by GDP PPP		 GDP
per capita PPP
(USD, 2016)		 Comparable economy
by GDP PPP
per capita
Canada 1,687,364  Spain 46,529  Bahrain
 Ontario658,891 Iraq47,143 Bahrain
 Quebec327,291 Qatar39,329 Malta
 Alberta261,078 Sri Lanka61,628  Switzerland
 British Columbia218,603 Uzbekistan45,948 Oman
 Saskatchewan62,389 Paraguay54,318 Saudi Arabia
 Manitoba56,256 El Salvador42,679 United Kingdom
 Nova Scotia34,589 Mozambique36,463 Spain
 New Brunswick28,371 Chad37,459 South Korea
 Newfoundland and Labrador25,791 Armenia48,634 Germany
 Prince Edward Island5,240 Barbados35,056 Israel
 Northwest Territories3,928 Cape Verde88,049 Singapore
 Yukon2,321 Antigua and Barbuda60,944  Switzerland
 Nunavut2,025 San Marino54,474 Saudi Arabia

Source: International Monetary Fund[5]

Components of GDP

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
Canada 1,973,0431,513,043469,739 8,4881,005,4461,024,061
 British Columbia 237,188202,40556,081 1,74793,215116,444
 Alberta 375,756198,643132,709 1,876206,923164,444
 Saskatchewan 82,78050,04626,100 −2,31658,32849,340
 Manitoba 64,07755,12915,663 −38535,99242,256
 Ontario 721,970576,173135,610 5,234370,845365,804
 Quebec 370,064315,39674,182 2,110171,350193,352
 New Brunswick 32,05631,8985,391 125,79231,015
 Prince Edward Island 6,0036,106989 562,7293,877
 Nova Scotia 39,07742,9817,465 2515,37726,756
 Newfoundland and Labrador 33,51423,78611,853 −6819,78721,855
 Yukon 2,6032,783814 48021,791
 Northwest Territories 4,7313,7051,485 833,3923,929
 Nunavut 2,4872,4731,293 1229102,301

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

See also

Notes

  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

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.