Highlights

The Conference Board of Canada projects Winnipeg’s GDP to accumulate $33.7 billion (2007 dollars) worth of goods and services in 2013, up 1.6 per cent from the previous year. This growth is attributed to a healthy goods sector, which expanded 2.7 per cent.  For 2014, a growth rate of two per cent is projected.

Winnipeg Economic Highlights (2007 to 2012)

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, furniture and apparel industries provide a solid economic base that serves the community well. Overall, Winnipeg's diverse economy provides a stable workforce, low unemployment rate and a cushion against major fluctuations resulting from downturns in the economy.

Winnipeg has the most diversified advanced manufacturing sector in Western Canada, which ranges from food and beverage to tractors and other farm equipment, 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 also 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 aerospace and food products manufacturing and commercialization in functional foods, nutraceuticals, bio-composites and biofuels.

Economic Structure by Major Metropolitan Areas (2013)