The gross domestic product (GDP) per capita of Ontario has dropped from 5 percent higher than the rest of Canada to 3.2 percent lower over about 20 years, according to a recent analysis.
The analysis report “Ontario’s Economy Is Broken” (PDF) was published by the think tank Fraser Institute and released on May 8. It looks at how the growth in per capita GDP for the province has changed from 1981 to 2023.
Report co-author Ben Eisen, senior fellow at the Fraser Institute, said Ontario’s economy has performed “worse than other provinces” over the past two decades.
“The result is that Ontarians are now experiencing lower standards of living—on average—than their fellow Canadians,” he said….