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 major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States. The economies of Alberta, Saskatchewan, Newfoundland and Labrador and the territories rely heavily on natural resources. On the other hand, Manitoba, Quebec and The Maritimes have the country's lowest per capita GDP values, though this is due, in part, to lower price levels in those provinces.[1]

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. However, these payments are based on nominal fiscal capacity[2] and therefore do not account for differences in the cost of service delivery across the country. As of 2025, provinces receiving the largest equalization transfers per capita have relatively low price levels,[1] so equalization may push their true (accounting for cost differences) fiscal capacity above that of some provinces receiving little or no equalization.

GDP and per capita GDP, 2024

A table listing total GDP (expenditure-based), share of Canadian GDP, population, and per capita GDP in 2024. For illustrative purposes, market income (total income less government transfers)[3] per capita from tax returns is included. (The per capita, rather than per tax filer, measure is chosen for comparability with GDP per capita.)

Province
or
territory
GDP
(million
CAD, 2024)
Share of
national GDP
(%, 2024)
Population
(July 1, 2024)
GDP
per capita
(CAD, 2024)
Market
income
per capita
(CAD, 2023)
 Canada 3,108,551 100.00 41,262,329 75,336 41,491
Alberta 473,937 15.25 4,909,030 96,544 44,916
British Columbia 429,089 13.80 5,671,114 75,662 44,337
Manitoba 96,125 3.09 1,492,144 64,421 34,604
Newfoundland and Labrador 42,219 1.36 546,869 77,201 35,599
New Brunswick 48,302 1.55 858,293 56,277 33,631
Northwest Territories 5,123 0.16 45,257 113,198 49,323
Nova Scotia 65,338 2.10 1,082,769 60,343 36,096
Nunavut 5,668 0.18 41,410 136,875 30,063
Ontario 1,197,020 38.51 16,144,797 74,143 42,740
Prince Edward Island 10,889 0.35 179,709 60,592 34,093
Quebec 616,771 19.84 8,995,474 68,565 39,294
Saskatchewan 112,839 3.63 1,247,868 90,425 37,231
Yukon 4,349 0.14 47,595 91,375 50,477

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

International comparisons, 2024

In the table below, the figures from the previous table are converted to United States dollars using the ratio of the International Monetary Fund's estimate for Canada's GDP by purchasing power parity (PPP) to Canada's nominal GDP. The per capita GDP PPP for the relevant year of other advanced economies with a population of at least 15 million according to the International Monetary Fund is provided as comparison.

(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 PPP, 2024)
GDP PPP
per capita
(USD PPP, 2024)
 Canada 2,658,824 64,437
Ontario 1,023,842 63,416
Quebec 527,540 58,645
Alberta 405,371 82,577
British Columbia 367,011 64,716
Saskatchewan 96,514 77,343
Manitoba 82,218 55,101
Nova Scotia 55,885 51,613
New Brunswick 41,314 48,135
Newfoundland and Labrador 36,111 66,032
Prince Edward Island 9,314 51,826
Northwest Territories 4,382 96,821
Nunavut 4,848 117,073
Yukon 3,720 78,156
 Australia 1,900,240 69,352
 France 4,396,474 64,242
 Germany 5,996,196 71,797
 Italy 3,612,234 61,254
 Japan 6,527,542 52,688
 South Korea 3,254,390 62,885
 Netherlands 1,459,737 81,354
 Spain 2,683,325 54,675
 Taiwan 1,874,150 80,091
 United Kingdom 4,292,790 62,011
 United States 29,298,025 86,145

Source: International Monetary Fund World Economic Outlook Database, October 2025[8]

Real GDP at basic prices, 2014–2018

A table listing annual GDP at basic prices from 2014 through 2018 in chained 2012 dollars. Caution: GDP at basic prices differs from GDP in the treatment of taxes and subsidies.[9]

Province
or
territory
GDP
(million
chained (2012)
CAD, 2014)
GDP
(million
chained (2012)
CAD, 2015)
GDP
(million
chained (2012)
CAD, 2016)
GDP
(million
chained (2012)
CAD, 2017)
GDP
(million
chained (2012)
CAD, 2018)
British Columbia 219,060.9 224,153.4 231,509.9 240,657.9 246,506.3
Alberta 338,262.6 326,476.7 313,241.5 327,596.2 335,095.6
Saskatchewan 80,175.7 79,574.2 79,364.4 81,179.0 82,502.7
Manitoba 58,276.3 59,082.5 60,066.2 61,941.2 62,723.1
Ontario 659,861.2 677,384.0 693,900.4 712,984.3 728,363.7
Quebec 338,319.0 341,688.0 346,713.7 356,677.9 365,614.4
New Brunswick 29,039.6 29,275.7 29,686.3 30,271.8 30,295.3
Prince Edward Island 5,205.6 5,280.7 5,372.2 5,553.3 5,700.0
Nova Scotia 34,747.2 35,013.4 35,549.3 36,075.4 36,518.2
Newfoundland and Labrador 31,143.3 30,806.0 31,334.5 31,610.6 30,757.9
Yukon 2,510.9 2,320.2 2,482.5 2,554.5 2,626.1
Northwest Territories 4,574.6 4,621.3 4,679.8 4,861.3 4,954.7
Nunavut 2,363.6 2,353.0 2,434.3 2,685.3 2,955.0

Components of GDP, 2023

A table of Canadian provinces and territories by descending GDP (at current prices and expenditure-based); all figures are from Statistics Canada.[11]

Province
or
territory
GDP
(million
CAD, 2023)
= Final
consumption
expenditure
+ Gross
capital
formation
+ Investment
in
Inventories
+ Exports − Imports
Canada 2,933,810 2,230,737 670,466 30,565 1,510,372 1,508,395
British Columbia 409,881 326,562 114,662 6,007 153,846 191,308
Alberta 452,410 265,690 107,706 340 288,480 209,784
Saskatchewan 109,702 68,108 23,204 −461 80,080 61,304
Manitoba 91,872 81,361 17,265 1,474 49,037 57,240
Ontario 1,119,545 855,991 245,689 12,590 580,715 575,407
Quebec 579,460 467,884 122,978 7,844 272,849 291,995
New Brunswick 47,035 46,565 9,407 1,069 32,145 42,166
Prince Edward Island 9,924 9,519 2,010 140 4,683 6,438
Nova Scotia 59,574 62,423 13,462 446 20,746 37,528
Newfoundland and Labrador 38,959 31,462 9,662 285 20,081 22,539
Yukon 4,330 4,179 1,412 99 1,172 2,533
Northwest Territories 5,478 5,491 1,158 211 3,190 4,573
Nunavut 4,825 3,713 1,824 520 3,347 4,580

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

Census metropolitan areas (CMA) by GDP at basic prices, 2021

This is a list of Canadian metropolitan areas by their gross domestic product (GDP) at basic prices according to data by Statistics Canada.[12]

Rank Census metropolitan areas GDP
(million
CAD, 2021)
GDP
per capita
(CAD, 2021)
1 Toronto (Census Metropolitan Area) 473,663 73,176
2 Montreal (Census Metropolitan Area) 253,901 58,636
3 Vancouver (Census Metropolitan Area) 183,140 66,081
4 Calgary (Census Metropolitan Area) 115,136 74,752
5 Ottawa–Gatineau (Census Metropolitan Area) 98,693 64,072
6 Edmonton (Census Metropolitan Area) 93,271 63,346
7 Quebec (Census Metropolitan Area) 52,555 62,212
8 Winnipeg (Census Metropolitan Area) 48,388 56,250
9 Hamilton (Census Metropolitan Area) 41,169 50,343
10 Tri-Cities (Census Metropolitan Area) 37,144 61,670
11 London (Census Metropolitan Area) 30,635 53,979
12 Halifax (Census Metropolitan Area) 26,967 55,931
13 Victoria (Census Metropolitan Area) 24,285 58,575
14 Saskatoon (Census Metropolitan Area) 21,859 66,591
15 Regina (Census Metropolitan Area) 19,637 76,299
16 St. Catharines – Niagara (Census Metropolitan Area) 18,716 41,506
17 Windsor (Census Metropolitan Area) 18,026 41,017
18 Oshawa (Census Metropolitan Area) 14,814 34,171
19 St. John's (Census Metropolitan Area) 13,744 62,458
20 Kelowna (Census Metropolitan Area) 12,278 52,888
21 Guelph (Census Metropolitan Area) 11,839 68,483
22 Sherbrooke (Census Metropolitan Area) 10,326 45,034
23 Sudbury (Census Metropolitan Area) 10,324 58,191
24 Saguenay (Census Metropolitan Area) 10,143 62,466
25 Kingston (Census Metropolitan Area) 10,132 56,381
26 Barrie (Census Metropolitan Area) 9,557 43,037
27 Abbotsford – Mission (Census Metropolitan Area) 9,294 45,410
28 Moncton (Census Metropolitan Area) 8,893 55,107
29 Trois-Rivières (Census Metropolitan Area) 7,649 47,062
30 Thunder Bay (Census Metropolitan Area) 7,256 56,670
31 Lethbridge (Census Metropolitan Area) 7,071 55,026
32 Kamloops (Census Metropolitan Area) 6,916 58,094
33 Saint John (Census Metropolitan Area) 6,800 51,074
34 Brantford (Census Metropolitan Area) 6,731 42,951
35 Fredericton (Census Metropolitan Area) 6,286 56,622
36 Nanaimo (Census Metropolitan Area) 5,789 48,156
37 Red Deer (Census Metropolitan Area) 5,781 55,358
38 Belleville (Census Metropolitan Area) 5,640 48,834
39 Peterborough (Census Metropolitan Area) 5,381 40,259
40 Drummondville (Census Metropolitan Area) 4,959 48,449
41 Chilliwack (Census Metropolitan Area) 4,826 40,680

See also

Notes

  1. ^ a b Government of Canada, Statistics Canada (14 August 2025). "Purchasing Power Parities for Consumption and Household Income Across the Canadian Provinces and Territories". www150.statcan.gc.ca. Retrieved 2025-09-24.
  2. ^ Government of Canada, Department of Finance (23 December 2024). "Equalization Program". canada.ca. Retrieved 2025-09-24.
  3. ^ Government of Canada, Statistics Canada (3 May 2017). "Dictionary, Census of Population, 2016 – Market income". www12.statcan.gc.ca. Retrieved 2019-11-07.
  4. ^ Government of Canada, Statistics Canada (6 November 2025). "Gross domestic product, expenditure-based, provincial and territorial, annual". www150.statcan.gc.ca. Retrieved 2025-11-06.
  5. ^ Government of Canada, Statistics Canada (24 September 2025). "Population estimates, quarterly". www150.statcan.gc.ca. Retrieved 2025-09-24.
  6. ^ Government of Canada, Statistics Canada (18 July 2025). "Tax filers and dependants with income by source of income". www150.statcan.gc.ca. Retrieved 2025-07-18.
  7. ^ Government of Canada, Statistics Canada (18 July 2025). "Selected characteristics of tax filers and dependants, income and demographics (final T1 Family File)". www150.statcan.gc.ca. Retrieved 2025-07-18.
  8. ^ "Data Explorer". data.imf.org. Retrieved 2025-11-06.
  9. ^ "Glossary". www150.statcan.gc.ca. 30 May 2017. Retrieved 2019-11-07.
  10. ^ "Gross domestic product (GDP) at basic prices, by industry, provinces and territories (x 1,000,000)". Government of Canada, Statistics Canada. September 7, 2019. Retrieved September 7, 2019.
  11. ^ "Table 36-10-0222-01 – Gross domestic product, expenditure-based, provincial and territorial, annual (dollars unless otherwise noted), CANSIM (database)". Statistics Canada. 2025-01-27.
  12. ^ "Gross domestic product (GDP) at basic prices, by census metropolitan area (CMA)". Statistics Canada.

References