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Saturday, August 27, 2016
Saskatchewan. Building an innovative, thriving and sustainable economy.

According to Statistics Canada’s estimates released on November 10, 2015, Saskatchewan posted a GDP (at basic prices in 2007 chained dollars) of $59.3 billion in 2014, an increase of 1.6 per cent from 2013. This ranked fifth among the provinces in terms of percentage growth.

A number of major economic forecasters expect Saskatchewan's economy to experience negative growth in 2015 before picking up slightly in 2016. For 2015, the average estimate for Saskatchewan is -0.5%, eighth among the provinces. Forecasts from seven private forecasters ranged from -1.1% to 0.1%. For 2016, the average real GDP growth forecast for Saskatchewan is 1.6%, sixth among the provinces and slightly above the national rate of 1.5%.

According to the latest Metropolitan Outlook from the Conference Board of Canada, the slowdown of expansion in Regina's goods-producing sector will cause the city's growth to slow to 1.9% in 2015. Slower growth in manufacturing, construction and the services sectors will cause Saskatoon's GDP to grow by a modest 1.8% in 2015. Both Regina and Saskatoon posted strong growth in 2014, with GDP increasing by 5.0% and 6.1%, respectively.

For more in-depth information about a wide range of indicators associated with Saskatchewan’s economic performance, please view the Monthly Economic Indicators Reports (MEIR).

Saskatchewan 2014 Real GDP, at Basic Prices, by Industry (Percentage of Total)

2014 GDP

Source: Statistics Canada, CANSIM Table 379-0030 & 379-0031

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Learn more about Saskatchewan's resource wealth, innovative technologies and competitive business environment.

Saskatchewan has what the world needs: agricultural crops to feed a hungry planet, the potash to help those crops grow, and the oil and uranium needed to fuel a global economy. Learn more in this 3-minute video on our YouTube channel.

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