Provinces and Territories by Gross Domestic Product

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.

2014 Rankings

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.

Ontario: $721,970
Alberta: $375,756
Quebec: $370,064
British Columbia: $237,188
Saskatchewan: $82,780
Manitoba: $64,077
Nova Scotia: $39,077
Newfoundland and Labrador: $33,514
New Brunswick: $32,056
Prince Edward Island: $6,003
Northwest Territories: $4,731
Yukon: $2,603
Nunavut: $2,487

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.