GDP Growth
Statistics Canada indicates that Saskatchewan's real Gross Domestic
Product (GDP) grew from 1992 to 1999 at an annual average rate
of 3.4%. This is the third highest rate among the provinces
and the same as the national average.
|
Real
GDP: The total market value, measured in constant prices (adjusted
for inflation), of all goods and services produced in an economy
over a given period of time
|
In 1999, Saskatchewan’s total real GDP (at factor cost)
amounted to $23.9 billion. Nearly two-thirds was produced by
the service-producing area and just over one-third by the goods-producing
area.
| Real GDP
at factor cost: The gross domestic product, measured in constant
prices, but revalued so that it excludes indirect taxes and
adds subsidies. |
The following charts will show you the contribution of the individual
industries in these two areas.
Read on . . .
