Richest Province in the World

Richest Provinces in Canada

The Dominion of Canada holds a total population of 39,107,046 with 23% immigrants. Canada is the highest among the G7 countries and eighth-largest in the world based on immigrant population. GDP per Capita in Canada is expected to hit 45513.00 USD by the end of 2024. Canada Tax Revenue reported that a total of 21.277 Billion USD was collected as tax in November 2023. Here is a detailed table of the top richest countries in Canada with their population, tax rate, and GDP....

13. Nunavut – USD 3.741.4 M

Nunavut is a territory in Canada. It is the largest and northernmost territory of Canada. The economy is primarily based on mining, hunting, fishing, and government services. Nunavut is also home to many Indigenous communities. Its economy and demographics are distinct in nature....

12. Yukon – USD 3.2 B

Yukon is a territory in northwest Canada. It is located in the continental mainland. It is the smallest and westernmost of Canada. The Yukon’s northern border touches the Arctic Ocean. The border extends northward above the Arctic Circle to the Beaufort Sea....

11. Northwest Territories – USD 4.253.7 M

The Northwest Territories is a Canadian territory. It includes the regions of Dehcho, North Slave, Sahtu, South Slave, and Inuvik. The territory is rich with remote landscapes like mountains, forest, Arctic tundra, and islands in the Canadian Arctic Archipelago....

10. Prince Edward Island – USD 7.8 B

Prince Edward Island is a province in eastern Canada, located in the Gulf of St. Lawrence. It is part of the Maritimes, a group of provinces that also includes New Brunswick and Nova Scotia. Prince Edward Island is about 140 miles long and has a surface area of 5,660 square kilometers....

9. New Brunswick – USD 33.2 B

New Brunswick is a Canadian province that’s part of the Maritime and Atlantic provinces. It is located under Quebec’s Gaspé Peninsula and next to Maine. New Brunswick is Canada’s only officially bilingual province, with English and French as its official languages since 1969. It is also home to 20 colleges and universities, including New Brunswick Community College, Mount Allison University, and Crandall University....

8. Newfoundland and Labrador – USD 34 B

Newfoundland and Labrador is a Canadian province in the northeastern region of North America. It is the newest province that joining Canada’s confederation in 1949. The province is made up of the island of Newfoundland and the mainland sector of Labrador. The Strait of Belle Isle separates the two parts of the province....

7. Nova Scotia – USD 41.1 B

Nova Scotia is a Canadian province on the east coast of North America. It is one of the four Atlantic provinces, three Maritime provinces, and one of the original provinces of the Dominion of Canada. Nova Scotia’s name is Latin for “New Scotland”. In 1621, King James VI of Scotland granted Sir William Alexander all the land between Newfoundland and New England, which is why Nova Scotia is named “New Scotland”. Nova Scotia is home to nearly one million people and over 3,800 coastal islands....

6. Manitoba – USD 65.9 B

Manitoba is a Canadian province in the center of the country. It is bordered by Ontario to the east, Saskatchewan to the west, Hudson Bay to the east, Nunavut to the north, and North Dakota and Minnesota to the south. Manitoba’s landscape includes lakes, rivers, mountains, forests, and prairies, stretching from the northern Arctic tundra to Hudson Bay in the east and southern farmland. It also has over 80 provincial parks, where hiking, biking, canoeing, camping, and fishing are popular....

5. Saskatchewan – USD 83.6 B

Saskatchewan is a Canadian province in the prairie region. It is bordered by Alberta to the west, Manitoba to the east, Northwest Territories to the north, and the US states of Montana and North Dakota to the south. Saskatchewan is Canada’s “sunniest” province, with an average of 2,000 to 2,500 hours of sunshine each year. It is one of only two Canadian provinces without a saltwater coast, and it is the only province whose boundaries are all wholly artificial....

4. British Columbia – USD 281 B

British Columbia (BC) is Canada’s westernmost province. It is bordered by the Pacific Ocean to the west, the Rocky Mountains to the east, and the Alberta border. BC is known for its natural beauty, including six national parks, rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts, and grassy plains. It’s also home to Whistler Blackcomb, a major ski resort that hosted the 2010 Winter Olympics....

3. Quebec – USD 400.9 B

Quebec is Canada’s largest province, with a surface area of 16,68,000 km². It is known for its distinct history, geography, and culture, and French is the official language. Quebec City is the capital of Quebec and is located on the Saint Lawrence River. It was founded in 1608 and has a fortified colonial core, Vieux-Québec and Place Royale, with stone buildings and narrow streets. The city also has a historic harbor, Vieux Port, which is now known for nightlife....

2. Alberta – USD 331.5 B

Alberta is a province in western Canada. It is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Territories to the north, and Montana to the south. Alberta’s landscape includes mountains, prairies, desert badlands, coniferous forests, and more than 600 lakes. The Canadian Rocky Mountain Parks in the west contain glaciers in the Columbia Icefields. The Waterton Glacier International Peace Park is a biosphere reserve that straddles the southern border with the USA....

1. Ontario – USD 800.4 B

Ontario is a province in east-central Canada, bordering the Great Lakes and the United States. It is the most populated province in Canada and the second largest, after Quebec. Ontario is home to 250,000 lakes and 100,000 kilometers of rivers, and is estimated to contain 20% of the world’s freshwater. Ontario’s capital is Toronto, which is also Canada’s largest city with a population of 6 million. Toronto is home to the CN Tower, the Royal Ontario Museum, and the Art Gallery of Ontario....

Top 10 Richest Provinces in Canada

Here are the top 10 richest provinces in Canada based on GDP per capita:...

Richest Province in the World

Determining the richest province in the world can depend on various factors such as GDP per capita, natural resources, economic development, and other indicators. Without a specific context or criteria, it’s challenging to pinpoint the absolute richest province in the world. However, some regions known for their wealth include:...

Poorest Province in Canada

Determining the poorest province in Canada can be complex and depends on various socioeconomic factors. However, based on indicators such as GDP per capita, employment rates, poverty levels, and median household income, some provinces may face greater economic challenges than others....

Richest to Poorest Provinces in Canada

As of my last update in January 2022, the provinces in Canada are often ranked by their Gross Domestic Product (GDP) per capita as an indicator of economic wealth. While this can provide a general idea of relative wealth, it’s important to consider other factors like employment rates, poverty levels, and median household income to get a comprehensive understanding of economic prosperity. Here’s a general ranking from richest to poorest based on GDP per capita:...

FAQs on Top Richest Provinces in Canada

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