Top 7 Richest Provinces in Canada by Per Capita GDP
While Canada's 10 provinces and 3 territories exhibit high per capita values, there's wide variation among them. Ontario, the country's most densely populated province (the richest province in Canada by GDP), maybe a major production and trade hub with in-depth linkages to the northeastern and western United States. The economies of Alberta, Saskatchewan, Newfoundland, and Labrador and therefore the territories believe heavily in natural resources. On the opposite hand, Manitoba, Quebec, and therefore the Maritimes have the country's lowest per capita GDP values.
within the face of those long regional disparities, the government of Canada redistributes a number of its revenues through unconditional exploit payments and finances the delivery of comparable levels of presidency services through the North American country Health Transfer and therefore the Canada Social Transfer.
Find below in no particular order the top 7 richest provinces in Canada by per capita GDP values.
Top 7 Richest Provinces in Canada
1. Alberta – C$80,905
Alberta could be a province within the western section of Canada. it's the foremost thickly settled of the 3 grassland Provinces. The capital of the province is Edmonton, although the most important town in Calgary. it's the most offer and repair hub of oil sands. it's additionally thought about as an important} transportation and distribution hub. It also contains a significant business industry. The gross domestic product per capita of the province is C$80,905, making it one of the richest provinces in Canada.
2. Saskatchewan – C$70,730
Saskatchewan could be a grassland province with an enormous part of its space coated by rivers, reservoirs, lakes, and ponds. The capital of the province is Regina. alternative major cities include Prince Albert, Swift Current, North Battleford, Yorkton, and Moose Jaw. Agriculture, mining, and energy dominate the provincial economy. Wheat is the most typical crop and therefore the province is thought to supply most of the country’s grain. Saskatchewan is additionally the most important bourgeois of hydroxide and atomic number 92 within the world. there's also a huge oil business that's surpassed solely by Alberta. The gross domestic product per capita of the province is C$70,730 and hence one of the richest province in Canada.
3. Newfoundland and Labrador – C$71,527
Newfoundland and Labrador is the eastmost province of North American country. it's placed within the Atlantic region and combines the land of Labrador with the island of Newfoundland. it's thought-about because the most undiversified province in Canada once it involves language, as nearly ninety-eight % of the population speaks in English. The capital and largest town is St. John’s. The service industries for the most part support the province’s economy, notably the monetary services, health care, and public administration sectors. It additionally has significant mining, producing, and production industries. The gross domestic product per capita of Newfoundland and its geographical area is C$71,527.
4. Ontario – C$61,315
Ontario could be a province within the east-central portion of North American country. it's the second-largest province in terms of area and therefore the most populous. The capital is Toronto. Ottawa, the capital city of Canada is found in Ontario Province. it's the leading manufacturing province in the country, accounting for quite 0.5 of the nation’s shipments. Its extensive natural resources and the presence of rivers make it made in electric power. it's also thought-about because of the center of the country’s monetary services and banking industries. alternative notable industries are mining, pulp, paper, and tourism. The gross domestic product per capita of the province stands at C$61,315, the richest province in Canada.
5. British Columbia – C$60,707
British Columbia is the province placed at the western purpose of the country. The capital is Victoria, although the most important city is Vancouver, which is additionally the largest in Western Canada. it's a resource-based economy and its position because the location of many major ports within the Pacific and the termination of the continental railways makes it the middle of international trade. Its delicate weather additionally makes it agriculturally productive even if solely a little portion of its land could be fertile. Its extensive resources also permit it to possess substantial incomes from mining and logging. gross domestic product per capita of the whole province is C$60,707, one of the richest provinces in Canada.
6. Manitoba province – C$53,897
Manitoba is a Canadian province that options a flat topography and continental climate, creating it a grassland province. The capital of the province is Winnipeg. Its economy is dominated by the agriculture sector, which is generally settled within the western and southern sections of the province. It additionally has important energy, forestry, mining, manufacturing, business, and transportation sectors. The gross domestic product per capita of the province is C$53,897 is one of the richest province in Canada.
7. Quebec – C$54,149
Quebec is found in east-central Canada. A majority of its population speaks French and it's the sole province in the entire country that has French as its sole official language. it's the second most thickly settled province and its capital is Quebec City. The province boasts of a generous quantity of natural resources, that plays an enormous role in its economy. It additionally has important aerospace, biotechnology, data and communication, and pharmaceutical industries. The gross domestic product per capita is C$54,149, which is one of the richest province in Canada.
Summary of the Richest Provinces in Canada
Canada may be a country in North America. Its 10 provinces and 3 territories extend from the ocean to the ocean and northward into the Arctic Ocean, covering over 9.98 million sq. kilometers (3.85 million square miles), creating it the world's second-largest country by total area. Its southern and western border with the United States, stretching 8,891 kilometers (5,525 mi), is the world's longest bi-national land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. So there you have it the richest province in Canada.
