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The Top 10 Richest Provinces in Canada

Rich Countries, Travel
The Top 10 Richest Provinces in Canada

The gross domestic product, or GDP, per capita of Canada stood at C$51,109 in
2011. This stands below the GDP per capita of its three wealthiest provinces but
higher than seven others. Here is a list of the top 10 richest provinces in Canada
based on their respective GDP per capita levels.

10. Prince Edward Island – C$36,740

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Prince Edward Island is one of three Maritime Provinces and is the smallest in
the nation in terms of both land area and population. The province is made up
of the main island of Prince Edward and 231 other minor islands. It is called the
“Birthplace of Confederation.” Seasonal industries, like agriculture, fishery and
tourism, dominate the province’s economy. It only has limited manufacturing and
heavy industries, however. A significant quantity of natural gas has been discovered
in the eastern part of the province. The GDP per capita of Prince Edward Island is
C$36,740.

9. Nova Scotia – C$39,025

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Nova Scotia is another one of the three Maritime Provinces. It is also the most
populous province in Atlantic Canada. In terms of land area, it is the second smallest
province in the country. The provincial capital is in Halifax. The province is uniquely
located halfway between the North Pole and the equator. It has a resource-based
economy, though the province has been diversifying in recent years. It has a vibrant
defense and aerospace sector mainly because nearly 40 percent of the military
assets of the country are in the province. The GDP per capita of the province is
C$39,025.

8. New Brunswick – C$42,606

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New Brunswick is the third of the Maritime Provinces in the list. It is the only province
in Canada that is bilingual as enshrined in its constitution. While a majority of the
population speaks in English, around a third also speaks in French. The capital
of the province is Fredericton. Its service-based economy features significant
investments in health care, retail, finance, education and insurance. It also has
significant industries in mining, forestry, fishing and mixed farming. The median
income in the province is C$42,606.

7. Quebec – C$43,349

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Quebec is located in east central Canada. A majority of its population speaks French
and it is the only province in the entire country that has French as its sole official
language. It is the second most populous province and its capital is Quebec City.
The province boasts of a generous amount of natural resources, which plays a huge
role in its economy. It also has significant aerospace, biotechnology, information and
communication and pharmaceutical industries. The GDP per capita is C$43,349.

6. Manitoba – C$44,654

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Manitoba is a Canadian province that features a flat topography and continental
climate, making it a prairie province. The capital of the province is Winnipeg. Its
economy is dominated by the agriculture sector, which is mostly situated in the
western and southern sections of the province. It also has significant energy,
forestry, mining, manufacturing, tourism and transportation sectors. The GDP per
capita of the province is C$44,654.

5. British Columbia – C$47,579

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British Columbia is the province located at the western point of the country. The
provincial capital is Victoria, though the largest city is Vancouver, which is also
the largest in Western Canada. It has a resource-based economy and its position
as the location of several major ports in the Pacific and as the endpoint of the
transcontinental railways makes it a center of international trade. Its mild weather
also makes it agriculturally productive even though only a small portion of its land is
arable. Its abundant resources also allow it to have substantial incomes from mining
and logging. GDP per capita of the entire province is C$47,579.

4. Ontario – C$48,971

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Ontario is a province in the east central portion of Canada. It is the second largest
province in terms of land area and the most populous. The provincial capital is
Ottawa, which is also the nation’s capital. It also has the most populous city in
Toronto. It is the leading manufacturing province in the country, accounting for more
than half the nation’s shipments. It has abundant natural resources and the presence
of rivers makes it rich in hydroelectric power. It is also considered as the center of
the country’s financial services and banking industries. Other notable industries
are mining, pulp, paper and tourism. The GDP per capita of the province stands at
C$48,971.

3. Newfoundland and Labrador – C$65,556

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Newfoundland and Labrador is the easternmost province of Canada. It is
located in the Atlantic region and combines mainland Labrador with the island
of Newfoundland. It is considered as the most homogenous province in Canada
when it comes to language, as nearly 98 percent of the population speaks in
English. The capital and largest city is St. John’s. The service industries largely
shore up the province’s economy, particularly the financial services, health care
and public administration sectors. It also has significant mining, manufacturing and
oil production industries. The GDP per capita of Newfoundland and Labrador is
C$65,556.

2. Saskatchewan – C$70,654

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Saskatchewan is a prairie province with a huge part of its area covered by rivers,
reservoirs, lakes and ponds. The capital of the province is Regina. Other major
cities include Prince Albert, Swift Current, North Battleford, Yorkton and Moose Jaw.
Agriculture, mining and energy dominate the provincial economy. Wheat is the most
common crop and the province is known for supplying most of the country’s grain.
Saskatchewan is also the largest exporter of potash and uranium in the world. There is also a huge oil industry that is surpassed only by Alberta. The GDP per capita of the province is C$70,654.

1. Alberta – C$78,154

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Alberta is a province in the western section of Canada. It is the most populous of
the three Prairie Provinces. The capital of the province is Edmonton, though the
largest city is Calgary. It is the main supply and service hub of oil sands. It is also
considered as a major transportation and distribution hub. It also has a significant
tourism industry. The GDP per capita of the province is C$78,154.

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