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The Top 10 Richest Provinces in Canada

The gross domestic product, or GDP, per capita of Canada stood at C$51,109 in2011. This stands below the GDP per capita of its three wealthiest provinces buthigher than seven others. Here is a list of the top 10 richest provinces in Canadabased on their respective GDP per capita levels.

10 Prince Edward Island – C$36,740

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

9 Nova Scotia – C$39,025

Nova Scotia is another one of the three Maritime Provinces. It is also the mostpopulous province in Atlantic Canada. In terms of land area, it is the second smallestprovince in the country. The provincial capital is in Halifax. The province is uniquelylocated halfway between the North Pole and the equator. It has a resource-basedeconomy, though the province has been diversifying in recent years. It has a vibrantdefense and aerospace sector mainly because nearly 40 percent of the militaryassets of the country are in the province. The GDP per capita of the province isC$39,025.

8 New Brunswick – C$42,606

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

7 Quebec – C$43,349

Quebec is located in east central Canada. A majority of its population speaks Frenchand it is the only province in the entire country that has French as its sole officiallanguage. 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 hugerole in its economy. It also has significant aerospace, biotechnology, information andcommunication and pharmaceutical industries. The GDP per capita is C$43,349.

6 Manitoba – C$44,654

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

5 British Columbia – C$47,579

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

4 Ontario – C$48,971

Ontario is a province in the east central portion of Canada. It is the second largestprovince in terms of land area and the most populous. The provincial capital isOttawa, which is also the nation’s capital. It also has the most populous city inToronto. It is the leading manufacturing province in the country, accounting for morethan half the nation’s shipments. It has abundant natural resources and the presenceof rivers makes it rich in hydroelectric power. It is also considered as the center ofthe country’s financial services and banking industries. Other notable industriesare mining, pulp, paper and tourism. The GDP per capita of the province stands atC$48,971.

3 Newfoundland and Labrador – C$65,556

Newfoundland and Labrador is the easternmost province of Canada. It islocated in the Atlantic region and combines mainland Labrador with the islandof Newfoundland. It is considered as the most homogenous province in Canadawhen it comes to language, as nearly 98 percent of the population speaks inEnglish. The capital and largest city is St. John’s. The service industries largelyshore up the province’s economy, particularly the financial services, health careand public administration sectors. It also has significant mining, manufacturing andoil production industries. The GDP per capita of Newfoundland and Labrador isC$65,556.

2 Saskatchewan – C$70,654

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 majorcities include Prince Albert, Swift Current, North Battleford, Yorkton and Moose Jaw.Agriculture, mining and energy dominate the provincial economy. Wheat is the mostcommon 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

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

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