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 2005, Canada has a total gross domestic product (GDP) of C$1.368 trillion or (at purchasing power parity (PPP)) roughly US$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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[edit] Listings
[edit] Consolidated
A consolidated table listing total GDP (expenditure-based), population, and per capita GDP; subnational entities are ordered alphabetically.
[edit] Ordered by GDP
Canadian provinces and territories are listed in descending order of GDP. For each, after currency conversion, comparable countries (per the International Monetary Fund in 2005) are listed.
[edit] Ordered by GDP per capita
Canadian provinces and territories are listed in descending order of GDP (PPP) per capita. For each, after currency conversion, comparable countries in 2005 are listed.
[edit] Notes
<references />
[edit] References
- GDP (totals): Statistics Canada, accessed 27 April 2006
- population: Statistics Canada, accessed 27 April 2006
- Department of Finance Canada: Equalization Program
[edit] See also
- List of Canadian provinces and territories by population
- Economy of Canada
- List of countries by GDP (PPP)
- List of countries by GDP (PPP) per capita
Provinces: British Columbia • Alberta • Saskatchewan • Manitoba • Ontario • Quebec • New Brunswick • Nova Scotia • Prince Edward Island • Newfoundland and Labrador
Territories: Yukon • Northwest Territories • Nunavut
