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Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3] Ontario's net debt-to-GDP ratio will rise to 40.7% in the year 2019–2020. [4]
Ontario, the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States. The economies of Alberta , Saskatchewan , Newfoundland and Labrador and the territories rely heavily on natural resources .
Economy of Northern Ontario (4 C, 2 P) O. ... Protecting a Sustainable Public Sector for Future Generations Act, 2019; Protecting Condominium Owners Act, 2015; U.
Nominal GDP sector composition, 2015 (in millions of 2005 USD): [5] [6] 2005 prices are used similarly to 2010 constant prices in which they provide economic statistics where inflation is accounted for.
Location of Ontario. The following outline is provided as an overview of and topical guide to Ontario: Ontario – one of the provinces of Canada, located in east-central Canada. [1] It is Canada's most populous province or territory [2] and fourth largest in total area. [3]
8 Michigan: State United States: North America: 621 2022 [4] 10.0 62 Beijing: Municipality China: Asia: 619 2022 [3] 21.9 29 New South Wales: State Australia: Australia: 525 2023 [12] 8.3 63 Indiana: State United States: North America: 511 2024 [13] 6.8 74 Maharashtra: State India: Asia: 489 2023-24 [14] 126.4 3 Colorado: State United States ...
The economy of Greater Sudbury, Ontario was dominated by the mining industry for much of the city's history. [1] In recent decades, however, the city has diversified to establish itself as an emerging centre in a variety of industries, including finance, business, tourism, health care, education, government, film and television production, and science and technology research. [2]
For example in 1985, it was renamed Ministry of Industry, Trade and Technology to reflect the growing importance of technology in Ontario's economy. Since 1993, the department was mostly named the Ministry of Economic Development and Trade or some similar variations, except between 2002 and 2003 when it was briefly named Ministry of Enterprise ...