The living standard, measured as the per capita real gross domestic product (GDP), varies from coast to coast in Canada.
Capita Real GDP, the Ten Provinces of Canada, 1981:2013|
- In the Atlantic Provinces, except Newfoundland and Labrador, the living standard is below the national average.
- In the Central Canada, it is well below the national average in Quebec while it fluctuates around this average in Ontario.
- Alberta got the highest living standard in Canada.
The increase in the standard of living in Newfoundland and Labrador is spectacular. In 2002, its per capita real GDP grew by 16.7% due to the development of its oil industry.
|Per Capita Real GDP Growth Rate, the Ten Provinces of Canada, 1981:2013|
For a comparison of the growth rate of per capita real GDP to that of real GDP, see here. Population growth explains the difference between these two rates.
See the data and R codes used here.