Transparent Reporting on Government's Progress
Target: To be in the top three among the provinces based on year-over-year growth
In 2018, Manitoba’s Gross Domestic Product (GDP) at Market Prices was valued at $67.4 billion, up 1.3 percent from the $66.6 billion recorded in 2017. On this basis, Manitoba’s ranking fell from fourth in 2017 to eighth in 2018, below Canada’s increase of two percent.
Statistics Canada’s Provincial and Territorial Gross Domestic Product by Income and by Expenditure Accounts Program produces annual estimates of selected aggregates of the income and expenditure accounts by province and territory, including:
Annual performance is based on chained (2012) dollars, meaning any price changes are removed from the value, thus allowing a comparison between periods. GDP ranking is based on year-over-year growth rate change and compared to the annual performance among the ten provinces.
Data are extracted from administrative files and derived from Statistics Canada surveys and other sources.
Gross Domestic Product (GDP) is one of the most widely used measures of an economy’s output or production. It is defined as the total value of goods and services produced within a jurisdiction for specific period. GDP is an accurate indication of an economy’s size. The GDP growth rate is probably the single best indicator of economic growth.
Manitoba launched the Economic Growth Action Plan and Manitoba Works, with the goal of growing our economy, building on our strengths to grow trade, investment and jobs.
The government will continue work to create conditions to improve quality of life and grow our economy.