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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 in 2011. This stands below the GDP per capita of its three wealthiest provinces but higher than seven others. Here is a lis

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

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

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

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

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

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

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

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

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

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

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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The Top 10 Richest Provinces in Canada