Canada is ranked as one of the wealthiest countries in the world due to the vast supply of natural resources and a booming manufacturing sector. Based on the 2014 data, there are a few provinces that account for a large portion of the country’s GDP.
In 2014, Canada managed to reach a GDP of CAD$1,973,043 as a whole. Though Canada is the second largest country in the world, it still remains vastly unpopulated with vast areas of unexplored terrain. It is therefore only natural that those densely populated provinces account for a larger percentage of the total GDP.
|British Columbia: $237,188|
|Nova Scotia: $39,077|
|Newfoundland and Labrador: $33,514|
|New Brunswick: $32,056|
|Prince Edward Island: $6,003|
|Northwest Territories: $4,731|
Canada's Top Economy: Ontario
Ranking as the top performing province for 2014, Ontario’s GDP is double that of its neighbouring province of Quebec. The success of the area can be attributed to the thriving manufacturing sector, accounting for almost half of its overall GDP. Ontario’s main exports are motor vehicles and their parts, precious metals and machinery.