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The Top 7 Richest Provinces in Canada

1. Alberta – C$78,154


Alberta is a province in the western section of Canada. It is the most populous of the three Prairie Provinces. The capital of the province is Edmonton, though the largest city is Calgary. It is the main supply and service hub of oil sands. It is also considered as a major transportation and distribution hub. It also has a significant tourism industry. The GDP per capita of the province is C$78,154.

2. Saskatchewan – C$70,654

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Saskatchewan is a prairie province with a huge part of its area covered by rivers, reservoirs, lakes and ponds. The capital of the province is Regina. Other major cities include Prince Albert, Swift Current, North Battleford, Yorkton and Moose Jaw. Agriculture, mining and energy dominate the provincial economy. Wheat is the most common crop and the province is known for supplying most of the country’s grain. Saskatchewan is also the largest exporter of potash and uranium in the world. There is also a huge oil industry that is surpassed only by Alberta. The GDP per capita of the province is C$70,654.


3. Newfoundland and Labrador – C$65,556


Newfoundland and Labrador is the easternmost province of Canada. It is located in the Atlantic region and combines mainland Labrador with the island of Newfoundland. It is considered as the most homogenous province in Canada when it comes to language, as nearly 98 percent of the population speaks in English. The capital and largest city is St. John’s. The service industries largely shore up the province’s economy, particularly the financial services, health care and public administration sectors. It also has significant mining, manufacturing and oil production industries. The GDP per capita of Newfoundland and Labrador is C$65,556.


4. Ontario – C$48,971


Ontario is a province in the east central portion of Canada. It is the second largest province in terms of land area and the most populous. The provincial capital is Toronto. Ottawa, the capital city of Canada is located in Ontario Province. It is the leading manufacturing province in the country, accounting for more than half the nation’s shipments. It has abundant natural resources and the presence of rivers makes it rich in hydroelectric power. It is also considered as the center of the country’s financial services and banking industries. Other notable industries are mining, pulp, paper and tourism. The GDP per capita of the province stands at C$48,971.


5. British Columbia – C$47,579


British Columbia is the province located at the western point of the country. The provincial capital is Victoria, though the largest city is Vancouver, which is also the largest in Western Canada. It has a resource-based economy and its position as the location of several major ports in the Pacific and as the endpoint of the transcontinental railways makes it a center of international trade. Its mild weather also makes it agriculturally productive even though only a small portion of its land is arable. Its abundant resources also allow it to have substantial incomes from mining and logging. GDP per capita of the entire province is C$47,579.


6. Manitoba – C$44,654


Manitoba is a Canadian province that features a flat topography and continental climate, making it a prairie province. The capital of the province is Winnipeg. Its economy is dominated by the agriculture sector, which is mostly situated in the western and southern sections of the province. It also has significant energy, forestry, mining, manufacturing, tourism and transportation sectors. The GDP per capita of the province is C$44,654.


7. Quebec – C$43,349


Quebec is located in east central Canada. A majority of its population speaks French and it is the only province in the entire country that has French as its sole official language. It is the second most populous province and its capital is Quebec City. The province boasts of a generous amount of natural resources, which plays a huge role in its economy. It also has significant aerospace, biotechnology, information andcommunication and pharmaceutical industries. The GDP per capita is C$43,349.