Ontario – USD 800.4 B
Ontario is a province in east-central Canada, bordering the Great Lakes and the United States. It is the most populated province in Canada and the second largest, after Quebec. Ontario is home to 250,000 lakes and 100,000 kilometers of rivers, and is estimated to contain 20% of the world’s freshwater. Ontario’s capital is Toronto, which is also Canada’s largest city with a population of 6 million. Toronto is home to the CN Tower, the Royal Ontario Museum, and the Art Gallery of Ontario.
Read More: What is the Capital of Canada?
Gross Domestic Product (GDP) |
USD 800.4 B |
---|---|
GDP per Capita |
$52,567 |
Unemployment Rate |
5.7% |
Youth Unemployment Rate |
13.8% |
Labor Force Participation Rate |
65.5% |
Employment Rate |
61.6% |
Major Industries |
Automotive, manufacturing, technology, finance, healthcare, education, tourism |
Top Natural Resources |
Minerals (gold, nickel, copper), forests, renewable energy (hydroelectric power) |
Key Economic Drivers |
Manufacturing, technology, finance, services, education, healthcare |
Major Employers |
General Motors, Ford, TD Bank, RBC, Scotiabank, University of Toronto, service industries |
Economic Growth Rate |
1.1 % |
Median Household Income |
$80,322 |
Average Annual Wage |
$64,626.64 |
Poverty Rate |
7.7% and Grade D |
Education Attainment Rate |
2.55 Million |
Healthcare Expenditure per Capita |
$8,245 |
Tourism Contribution to GDP |
$25 Billion |
Richest Provinces in Canada
Top Richest Provinces in Canada: The Dominion of Canada has ten provinces and three territories that reflect the high per capita GDP. Ontario is the richest country in Canada. It holds a GDP of $800.4 billion. Ontario is larger than the total GDP of Quebec and Alberta
In this article, we are going to discuss the top richest countries in Canada in detail by accounting for their population, tax collection %, and GDP.