This article lists Canadian provinces and territories by gross domestic product. As of 2005, Canada has a total gross domestic product (GDP) of dollar|C$" target="_blank" >*1.368 trillion or (at purchasing power parity (PPP)) roughly States dollar|US$" target="_blank" >*1.105 trillion, ranking 11th in the world. GDP per capita — essentially total GDP divided by population — for Canada is C$42 402 or US$34 273, ranking 7th worldwide.
While Canada’s ten provinces and three territories exhibit high GDPs, there is wide variation among them. Ontario, the country's most populous province, is a manufacturing and trade locus with extensive linkages to the northeastern and midwestern United States; if compared to countries, Ontario's GDP would rank 25th largest in the world. Conversely, territorial GDPs are comparable to those of smaller island nations and, in turn, smaller than many larger Canadian cities and towns.
There is also variation among provincial and territorial GDPs per capita. Alberta’s very high GDP per capita, which is more than double that of Prince Edward Island (the province with the lowest GDP per capita), is largely the result of its oil industry. To equilibrate these disparities and enable comparable service delivery nationwide, the federal government pools and transfers moneys through equalization payments from the ‘have’ provinces (those with above average economies) — namely Ontario and Alberta — to ‘have-not’ ones (those having below average economies). In absolute terms, Quebec is a major long-standing recipient of equalization. In the last decade, British Columbia and Saskatchewan have both subsidized and received equalization. Newfoundland and Labrador, traditionally a ‘have-not’ province, has undergone a dramatic increase in its GDP in recent years due largely to a number of off-shore oil projects. The territories generally exhibit higher GDP per capita values, attributable to heightened federal transfers that accommodate for the high costs of living amidst the inclement Arctic climate of northern Canada.
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| Province or territory, with flag | GDP (million C$, 2005) | Population (2005) Population figures as of 1 July 2005 | GDP per capita (C$, 2005) |
|---|---|---|---|
| 215 858 | 3 256 800 | 66 279 | |
| 168 011 | 4 254 500 | 39 490 | |
| 41 933 | 1 177 600 | 35 609 | |
| 23 727 | 752 000 | 31 552 | |
| 21 534 | 516 000 | 41 733 | |
| 4 083 | 43 000 | 94 953 | |
| 31 451 | 937 900 | 33 533 | |
| 1 101 | 30 000 | 36 700 | |
| 537 604 | 12 541 400 | 42 866 | |
| 4 142 | 138 100 | 29 993 | |
| 274 863 | 7 598 100 | 36 175 | |
| 42 490 | 994 100 | 42 742 | |
| 1 522 | 31 000 | 49 097 | |
| 1 368 319 | 32 270 500 | 42 402 |
| Rank | Province or territory, with flag | GDP (2005) | Comparable country | ||
|---|---|---|---|---|---|
| All | Territory | million C$ | % of total | ||
| 1 | – | 537 604 | 39.29 | Philippines | |
| 2 | – | 274 863 | 20.09 | Switzerland | |
| 3 | – | 215 858 | 15.78 | Nigeria | |
| 4 | – | 168 011 | 12.28 | Morocco | |
| 5 | – | 42 490 | 3.11 | Uruguay | |
| 6 | – | 41 933 | 3.06 | Uruguay | |
| 7 | – | 31 451 | 2.30 | Bolivia | |
| 8 | – | 23 727 | 1.73 | Guinea | |
| 9 | – | 21 534 | 1.57 | Cyprus | |
| 10 | – | 4 142 | 0.30 | Guyana | |
| 11 | 1 | 4 083 | 0.30 | Guyana | |
| 12 | 2 | 1 522 | 0.11 | Guinea-Bissau | |
| 13 | 3 | 1 101 | 0.08 | Solomon Islands | |
| Canada | 1 368 319 | 100 | |||
| Rank | ProvinceBold indicates current ‘have’ provinces or territory, with flag | GDP per capita (C$, 2005) | Comparable country (by nominal GDP per capita) | |||
|---|---|---|---|---|---|---|
| All | Province | Territory | ||||
| 1 | – | 1 | 94 953 | Luxembourg | ||
| 2 | 1 | – | 66 279 | Norway | ||
| 3 | – | 2 | 49 097 | United States | ||
| 4 | 2 | – | 42 866 | Netherlands | ||
| 5 | 3 | – | 42 742 | Netherlands | ||
| 6 | 4 | – | 41 733 | Austria | ||
| 7 | 5 | – | 39 490 | Belgium | ||
| 8 | – | 3 | 36 700 | France | ||
| 9 | 6 | – | 36 175 | France | ||
| 10 | 7 | – | 35 609 | Italy | ||
| 11 | 8 | – | 33 533 | Italy | ||
| 12 | 9 | – | 31 552 | United Arab Emirates | ||
| 13 | 10 | – | 29 993 | Singapore | ||
| Canada | 42 402 | |||||
Economy of Canada | Lists of subnational entities | Provinces and territories of Canada
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"List of Canadian provinces and territories by gross domestic product".
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