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 3, 2021, for 2020, all industries experienced a decline of 5.2% from 2019 to 2020.
  • Saskatchewan ranked seventh among the provinces in terms of percentage growth for the same period of time
  • The Agriculture industry showed an expansion of 1.8%, manufacturing declined by 8.1%, Mining, and Oil and Gas industry declined by 9.2% increase.

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 03, 2021 Next Update: November 09, 2021

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