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 10, 2017

Alberta's GDP at basic prices decreased 3.6% in 2016, the largest of two provincial decreases in Canada (SK GDP fell 0.4%) and the 3rd largest annual drop in Alberta GDP since 1997. British Columbia saw the greatest increase in GDP during 2016 at 3.6%, followed by Ontario (2.6%). A continued pullback in oil and gas investment resulted in GDP decreases across many directly or indirectly related sectors such as mining, quarrying, and oil and gas extraction (down -4.5%), construction (-16.1%), manufacturing (-7.1%), and professional, scientific, and technical services (-7.4%). Private sector industries in Alberta experiencing the largest annual GDP increases in 2016 include agriculture & forestry (+13.3%), finance and insurance (+4.4%), arts entertainment and recreation (+2.3%) and real estate & rental and leasing (+2.2%).