GDP per capita

The amount of total output, or gross domestic product, for every person in the country can also be a telling sign of economic health. Growth in Canada's GDP per capita and growth in average annual income have generally followed similar paths. In fact, the growth rates in GDP and family income strongly reflect the business cycle over the past 20 years. Both declined in 1982 when the economy was sluggish, rose rapidly during the boom period from 1985 to 1988, and then declined again during the economic slowdown in the early 1990s.

GDP per capita in 2002 varied from a high of $40,156 per capita in Alberta to a low of $23,929 in Prince Edward Island. Ontario’s GDP per capita was $37,049 while GDP per capita in Quebec was $30,483.