Statistics Canada: Canada's Economy Grew 1.9% in 2025, Led by Newfoundland and Labrador
OTTAWA, Ontario - Statistics Canada released its 2025 provincial and territorial economic accounts on November 5, reporting that Canada's real gross domestic product (GDP) grew 1.9% in 2025, with growth in all 10 provinces and in two of the three territories.
By province, Newfoundland and Labrador led the country with growth of 4.3%, followed by Prince Edward Island at 3.5%, Alberta at 3.3%, Saskatchewan at 3.1% and Nova Scotia at 3.0%. British Columbia and New Brunswick each grew 2.4%, Manitoba and Ontario each grew 1.8%, and Quebec grew 1.0%. Among the territories, Yukon grew 0.7% and Nunavut 0.6%, while the Northwest Territories contracted 1.7%, the only decline in the country.
In the household sector, the national household saving rate rose to 4.4% in 2025, up from 3.7% the year before. Household spending grew 2.0%, the slowest pace since the decline in 2020, and international exports fell 1.1%.
Alberta's Minister of Jobs, Economy and Trade Joseph Schow and Minister of Economic Development Matt Jones said in a statement on the data that Alberta's GDP per capita was almost $76,000, the highest in Canada, compared with just over $60,000 nationally, with growth driven by energy, agriculture and technology.
(Source: Statistics Canada)
Source: Statistics Canada
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