GDP rises in all provinces and in Nunavut in 2024

EconomicsInterest Rates
Written By FWD EDITORS

Released: Friday, November 6, 2025

This week’s Chart of the Week is, well, a map. The latest data from Statistics Canada shows that Canada's GDP rose by 2% in 2024. All provinces and Nunavut recorded increases in GDP compared to the year before, while Yukon and the Northwest Territories declined. Nunavut (+6.9%) had the highest GDP growth, showing strong economic progress, followed by Prince Edward Island (+3.8%), Nova Scotia (+3.1%), Saskatchewan (+3.0%), and Alberta (+3.0%). The three biggest provinces—Quebec (+1.7%), Ontario (+1.6%), and British Columbia (+1.1%)—also grew, but slower than the overall Canadian economy.

Data for the above chart comes from Statistics Canada Table 36-10-0222-01  Gross domestic product, expenditure-based, provincial and territorial, annual (x 1,000,000) with calculations to get the annual percentage change in GDP figures.

 

Chart of the Week

Discover powerful insights, one chart at a time. Each week, we feature a data-driven visual that highlights a key trend, issue, or story shaping Canada. See more here.

 

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FWD EDITORS

We’re a team of data enthusiasts and storytellers. Our goal is to share stories we find interesting in hopes of inspiring others to incorporate data and data visualizations in the stories they create.

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