Saskatchewan is the world’s largest potash producer, a top supplier of uranium, and the largest exporter of lentils, dried peas and canola. We are the second largest energy producer in Canada and sixth largest in North America.
Built on this strong resource base are thriving manufacturing and technology sectors. The province is home to some of the world’s top dry-land agricultural equipment manufacturers and world-leading biotechnology and carbon capture and storage technology. This diversity has been instrumental in Saskatchewan’s success in recent years.
Gross Domestic Product
Although global commodity price declines have affected Gross Domestic Product (GDP) in recent years, Saskatchewan has experienced steady GDP growth over the past decade. The province posted a GDP of $58.5 billion in 2015 (using 2007 chained dollars).
The monthly Economic Checklist provides more detailed economic information.
Saskatchewan has experienced a remarkable growth in investment in the past decade. Since 2007, Saskatchewan has reached an estimated $121 billion in new investment. The 2015 preliminary investment total of $16.5 billion is more than double the $7.6 billion reached in 2006.
The 2015 Fraser Institute investor surveys ranked Saskatchewan the most competitive mining jurisdiction in Canada and second in the world for mineral potential. In 2016, the Fraser Institute ranked Saskatchewan first in Canada and fourth in the world for oil and gas investment.
The Government of Saskatchewan is committed to creating a fiscally stable economy. Based on its solid performance, Saskatchewan maintains strong credit ratings with both Moody’s Investor Services and Standard & Poor’s.