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 2, 2019

Alberta's GDP at basic prices increased by 2.4% in 2018 to $335.0 billion, the fourth largest increase in Canada. Prince Edward Island saw the greatest increase in GDP (2.6%), followed by Quebec (2.5%) and British Columbia (2.5%). Mining, quarrying, and oil and gas extraction led all industries, growing 6.4%, followed by Transportation and warehousing (5.0%) and Wholesale trade (4.0%). Professional, scientific and technical services, Retail trade, Construction, Agriculture and Forestry, and Information and cultural industries all experienced slight declines. Alberta's GDP at market prices saw the largest year over year increase in Canada in 2017, increasing by 4.4% to $336.8 billion.