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The economy of Ontario is diversified. 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 ]
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.)
The Ontario Finance Department reported in October 2018, that Ontario's public debt per person at $23,014, had surpassed that of Quebec at $21,606 in the fiscal year 2017-2018. [18] Newfoundland and Labrador public debt per capita at $27,761, was the highest in Canada.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates .
Economy of Ontario. Economic rank (by nominal GDP) - This ranking shows only the Rank of Canada, the country in which is located Ontario; Agriculture in Ontario;
Nominal GDP (billion US$) [needs update] Year Pop. (mil) Nominal GDP per capita (thousand US$) California: State United States: North America: 4,080 2024 [1] 38.9 105 Texas: State United States: North America: 2,695 2024 [1] 30.5 87 England: Constituent country United Kingdom: Europe: 2,674 2022 [2] 57.1 47 New York: State United States: North ...
Ontario [a] is the southernmost province of Canada. [9] [b] Located in Central Canada, [10] Ontario is the country's most populous province.As of the 2021 Canadian census, it is home to 38.5 per cent of the country's population, and is the second-largest province by total area (after Quebec).
However, the Greater Toronto Area, which is an economic area defined by the Government of Ontario [citation needed], includes communities that are not included in the CMA, as defined by Statistics Canada. Extrapolating the data for all 25 communities in the Greater Toronto Area from the 2021 Census, the total population for the economic region ...