Highlights

According to the Conference Board of Canada, Winnipeg posted a GDP at basic prices of  $35 billion (2007 dollars) in 2014, 66 per cent of the provincial economy. Over the last five years, Winnipeg's GDP has increased on average by 2.2 per cent per year.  In comparison to other major metropolitan areas across Canada, Winnipeg ranked seventh behind the other centres, up two positions from last year.

Winnipeg Economic Highlights (2009 to 2014)

Winnipeg Economic Overview

Winnipeg has one of the most diverse economies of any major city in Canada. Winnipeg’s aerospace, finance and insurance, transportation, agribusiness, information technology, advanced manufacturing, tourism, life sciences and creative industries provide a solid economic base that serves the community well. Overall, Winnipeg's diverse economy provides a stable workforce, a low unemployment rate and a cushion against major fluctuations resulting from downturns in the economy.

Winnipeg has an advanced manufacturing sector, which ranges from food and beverage to tractors and other farm equipment, and from municipal and inter-urban buses to specialty steel products, electrical components, aerospace components, chemicals, plastics, furniture and much more. Advanced manufacturers can source many of their inputs from other firms and draw on a large pool of skilled labour; much of this activity is export-oriented. Bus and tractor manufacturers export most of their output, for example, making motor vehicles one of Manitoba’s largest categories of export.

Winnipeg has a long history as a major financial centre and is the headquarters of some of Canada’s most prominent investment firms and insurance companies. Adding to this is Winnipeg’s historical strength in food products manufacturing and commercialization in functional foods, nutraceuticals, bio-composites and biofuels.

Economic Structure by Major Metropolitan Areas (2014)

Source: Conference Board of Canada