Economic Data for Ontario

Gross Domestic Product (GDP)

Real GDP (a measure of economic growth) has grown since 2013, rising from $587 billion Canadian dollars in 2013 to $652 billion Canadian dollars by 2017.

Jobs

From 2016 to 2017 the Private sector has added 128,400 jobs for a total of 7,128,000. Since 2010 it has added 590,200 jobs and 1,313,100 jobs since 2000, showing significant growth in this sector. Average hourly wages have grown since 2001, rising from $17.03/hr to $23.95/hr in 2017.

From 2016 to 2017 the Manufacturing sector has added 17,900 jobs for a total of 769,000. Since 2010 it has added 5,800 jobs but lost 302,700 jobs since 2000, showing general decline in this sector. Average hourly wages have grown since 2001, rising from $20.03/hr to $25.95/hr in 2017.

From 2016 to 2017 the Transportation and Warehousing sector has lost 14,200 jobs for a total of 341,400. Since 2010 it has added 30,100 jobs and added 68,300 jobs since 2000, showing growth in this sector. Average hourly wages have grown since 2001, rising from $19.01/hr to $24.20/hr in 2017.

Unemployment

The unemployment rate was 5.7% in May 2018, .05% less than in 2017.

Housing

The Consumer Price Index (a measure of cost of living) has consistently increased since 2013, going from 123 to 132 from 2013-2017, slightly above the national average of 130. The Consumer Price Index for Housing has grown more quickly (going from 127 to 138 from 2013-2017) and is still above the national average of 136.