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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]
A table listing total GDP (expenditure-based), share of Canadian GDP, population, and per capita GDP in 2023. For illustrative purposes, market income (total income less government transfers) [1] per capita from tax returns is included. (The per capita, rather than per tax filer, measure is chosen for comparability with GDP per capita.)
Industry in Ontario (5 C) L. Labour relations in Ontario (4 C, 5 P) M. ... Pages in category "Economy of Ontario" The following 14 pages are in this category, out of ...
Ontario's wealth of raw materials and hydroelectric power have made Toronto a primary centre of industry. The metropolitan area of Greater Toronto produces more than half of Canada's manufactured goods. The economy of Toronto has had a GDP growth rate of 2.4 percent annually since 2009, outpacing the national average. [2]
The general pattern of development for wealthy nations was a transition from a raw material production-based economy to a manufacturing-based economy and then to a service-based economy. At its World War II peak in 1944, Canada's manufacturing sector accounted for 29% of GDP, [ 112 ] declining to 10.37% in 2017. [ 102 ]
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]
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]
Canada is a nation heavily dependent on the real estate industry which accounted for roughly 14% of its GDP in 2020 [126] and over 20% in 2023. [127] There is a high risk that if investor sentiment changes, buyer demand may drop significantly, triggering a vicious cycle of prices declines that snowball . [ 128 ]