Gross Domestic Product

Gross Domestic Product (GDP) is a measure of the economic production which takes place within the geographical boundaries of a province or country. It can be measured at basic prices (by industry) or at market prices in constant 2007 dollars.

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Gross Domestic Product at Basic Prices ($ billion)

Trend % CHANGE
Gross Domestic Product at Basic Prices ($ billion)
TREND: INC DEC NO CHG POS NEG
Gross Domestic Product at Basic Prices ($ billion)
TREND: INC DEC NO CHG POS NEG

Analysis

PUBLISHED - May 4, 2018

Alberta's GDP at basic prices increased 4.9% in 2017 to $304.7 billion, the largest increase in Canada, ending two consecutive years of decreases. British Columbia saw the second greatest increase in GDP during 2017 at 3.9%, followed by Prince Edward Island (3.1%). Mining, quarrying, and oil and gas extraction lead all industries, growing 13.3%, followed by utilities (10.1%) and wholesale trade (10.1%). Manufacturing also saw a large increase at 8.1%. Management of companies and enterprises was the only sector to experience any significant decline (-5.4%). Construction, information and warehousing, and administrative support all saw decreases of less than 1%.