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 - Nov 15, 2016

Alberta's GDP at basic prices decreased 3.7% in 2015, the largest decrease among the provinces. British Columbia saw the greatest increase at 3.1%, followed by Ontario (2.6%). Pull back in investment due to low oil prices in 2015 led to a steep drop in construction (-17.1%), oil and gas services (-38%) and related industries such as manufacturing (-5.6% - large declines for the machinery, fabricated metals and primary metals sub-sectors), with spillovers in other industries, such as wholesale (-8.0%) and retail (-2.9%) trade and professional, scientific and technical services (-5.6%).