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 14, 2018

Alberta's GDP at basic prices increased by 4.6% in 2017 to $327.4 billion, the largest increase in Canada, ending two consecutive years of decreases. British Columbia saw the second greatest increase in GDP during 2017 at 4.0%, followed by Prince Edward Island (3.4%). Mining, quarrying, and oil and gas extraction lead all industries, growing 16.1%, followed by utilities (10.2%) and wholesale trade (7.9%). Manufacturing also saw a large increase at 8.1%. Management of companies and enterprises was the only sector to experience any significant decline (-8.2%). Construction, information and warehousing, and administrative support all saw decreases of less than 1%. 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.