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December 09, 2021GDP BY CENSUS METROPOLITAN AREA, 2018 Today, Statistics Canada released Gross Domestic Product (GDP) data for Canada's Census Metropolitan Areas (CMAs) and the areas outside of CMAs for 2018. All data are benchmarked to provincial nominal GDP at basic prices.
These results continue to show that just over half of Canada's GDP is generated in six CMAs: Toronto, Montréal, Vancouver, Calgary, Edmonton and Ottawa. GDP and population are similar concentrated in CMAs. In 2018, CMAs accounted for 71.5% of Canada's population and generated 73.7% of Canadian GDP. In Nova Scotia, Halifax accounted for 44.9% of provincial population and 55.9% of provincial GDP.
In 2018 GDP per capita amongst CMAs was $57,957 and Halifax's GDP per capita was $53,013. The largest GDP per capita among CMAs was found in Edmonton, Calgary, Saskatoon, Regina, Toronto, and Ottawa. However, these results may be sensitive to fluctuations in commodity prices. The lowest GDP per capita among reported CMAs was observed in Oshawa ($34,880).
Outside CMAs, GDP per capita was $51,826. The highest non-CMA GDP per capita was observed in Alberta at $98,192 (higher than all CMA GDP per capita) while the lowest was reported for non-CMA Nova Scotia ($33,963).
From 2011-2018, GDP growth has averaged 3.8% inside CMAs and 1.8% outside CMAs. Halifax's GDP grew by an average 3.0% per year over this period, compared to 1.9% in Nova Scotia outside of Halifax. The fastest growing economies over this period were observed in Kelowna, Abbotsford-Mission, Vancouver, and Toronto. GDP growth outside CMAs was faster in British Columbia, Manitoba, and Ontario.
Nova Scotia's nominal GDP in 2018 was $40.7 billion, of which $22.8 billion was generated in Halifax and $17.9 billion was generated outside of Halifax. GDP has been rising in both Halifax and the outside of Halifax. After a divergence in growth rates in 2017, Halifax and outside of Halifax regions grew at more similar pace in 2018.
GDP per capita is higher in Halifax than outside of Halifax. In 2018, GDP per capita growth outside of Halifax (+3.2%) exceeded GDP per capita growth in Halifax (+1.9%).
Source: Statistics Canada. Table 36-10-0468-01 Gross domestic product (GDP) at basic prices, by census metropolitan area (CMA) (x 1,000,000); Table 17-10-0135-01 Population estimates, July 1, by census metropolitan area and census agglomeration, 2016 boundaries; Table 17-10-0005-01 Population estimates on July 1st, by age and sex
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