Gross Domestic Product

Gross Domestic Product (GDP) refers to the total value of goods and services produced over a specific time period. It is a primary measurement used to evaluate the health of an economy. An increase in real GDP is viewed as a sign that an economy is growing.

Adapted from Statistics Canada, Table 36-10-0402-01 (Gross domestic product at basic prices). This does not constitute an endorsement by Statistics Canada of this product.

Highlights

  • According to Statistics Canada’s preliminary GDP by industry at basic prices release on May 2, 2022, for 2021, all industries experienced a decline of 0.3% from 2020 to 2021.
  • Saskatchewan ranked tenth among the provinces in terms of percentage growth for the same period of time
  • The manufacturing industry showed an expansion of 12%, mining, and oil and gas industry increased by 6.7%, agriculture industry declined by 42.1%.

Adapted from Statistics Canada, Table 36-10-0402-01 (Gross domestic product at basic prices). This does not constitute an endorsement by Statistics Canada of this product.

Adapted from Statistics Canada, Table 36-10-0402-01 (Gross domestic product at basic prices). This does not constitute an endorsement by Statistics Canada of this product.

Released: May 02, 2022

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