List of Canadian provinces and territories by gross domestic product

List Of Canadian Provinces And Territories By Gross Domestic Product

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. As of 2010, Canada has a total gross domestic product (GDP) of C$1.60 trillion (US$1.56 trillion) ranking 9th worldwide (up from 10th in 2009) or (at purchasing power parity (PPP) roughly US$1.3 trillion, ranking 14th in the world). GDP per capita — essentially total GDP divided by population — for Canada is C$48,000 or US$45,000, ranking 11th 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. The territories generally exhibit higher GDP per capita values, attributable to heightened federal transfers...
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