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 productEdit
A table of Canadian provinces and territories by descending GDP (at current price and expenditure-based); all figures are from Statistics Canada.
CAD $, 2013)
CAD $, 2005)
|Prince Edward Island||5,788||0.30||4,096||0.30|
|Newfoundland and Labrador||35,832||1.89||21,960||1.60|
Per capita GDPEdit
A consolidated table listing total GDP (expenditure-based), population, and per capita GDP; subnational entities are in decreasing order by per-capita GDP. For illustrative purposes, average personal income from tax returns are included. These show that while there is a corollation between GDP and personal income, there is a substantial gap which represents both the two year lag between sources and amounts directed to capital investment. This gap is particularly large in regions with significant resource-extraction sectors. The gap also reflects net exports as it is positive in the major resource extracting regions.
|Prince Edward Island||5,788||145,500||39,780||33,632|
|Newfoundland and Labrador||35,832||528,200||67,838||35,345|
Components of GDPEdit
CAD $, 2011)
|+ Exports||- Imports|
|Prince Edward Island||5,353||5,593||1,205||173||2,360||3,986|
|Newfoundland and Labrador||33,624||21,256||7,580||−27||21,413||16,554|
Figures may not add up precisely due to omission of the statistical discrepancy column and the 'Outside Canada' row.
- "Report for Selected Countries and Subjects". World Economic Outlook. International Monetary Fund. October 2014. Retrieved 8 October 2014.
- "G-20: The new global economy". CNN. 2010-11-22.
- Statistics Canada (November 5, 2014). "Gross domestic product, expenditure-based, by province and territory". Retrieved November 6, 2014.
- Statistics Canada (September 27, 2012). "Population by year, by province and territory". Retrieved November 21, 2012.
- Canada Revenue Agency (November 15, 2011). "Final Table 1: General statement by province and territory of taxation". Retrieved November 24, 2012.
- "Table 384-0038 - Gross domestic product, expenditure-based, provincial and territorial, annual (dollars unless otherwise noted), CANSIM (database).". Statistics Canada. 2012-11-26.