Population
| July 1, 2024 (total) | 16,124,116 |
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| July 1, 2024 (% of Canada) | 39.1 |
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| 10-year average annual growth (%) | 1.7 |
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Population Profile, 2021 (% Distribution)| Canadian born | 67.3 |
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| Foreign born | 30.0 |
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| Non-permanent residents | 2.8 |
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| Life expectancy (Years), 2023: male | 80.1 |
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| Life expectancy (Years), 2023: female | 84.5 |
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Population by Urban Area, 2024| Greater Toronto Area | 7,670,678 |
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| Greater Toronto Area — Toronto CMA | 7,106,379 |
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| Ottawa-Gatineau CMA (Ontario part) | 1,287,592 |
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| Hamilton CMA | 860,266 |
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| Kitchener-Cambridge-Waterloo CMA | 696,417 |
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| London CMA | 626,260 |
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Labour market
Labour market, 2024| Labour force | 8,754,700 |
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| Employment | 8,146,100 |
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| Job change | 140,000 |
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| Unemployment rate | 7.0% |
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| Participation rate | 65.3% |
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Economy
Economy, 2024| GDP ($ millions, nominal) | 1,178,353 |
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| GDP (% of Canada) | 38.4 |
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| Primary household income ($ millions) | 791,627 |
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| Primary household income (% of Canada) | 39.2 |
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| Primary household income per capita ($) — Ontario | 49,096 |
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| Primary household income per capita ($) — Canada | 48,943 |
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Distribution of GDP, 2024| Item | % |
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| Goods (total) | 21.6 |
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| Goods (manufacturing) | 10.0 |
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| Services | 78.4 |
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Trade
Total Trade, 2024 (International + Interprovincial)| Item | $ Millions |
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| Exports | 592,937 |
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| Imports | 580,407 |
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| Trade balance | +12,530 |
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Top 5 international export markets, 2024| Country | % Share |
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| United States | 77.2 |
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| United Kingdom | 9.1 |
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| Mexico | 1.6 |
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| Switzerland | 1.2 |
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| China | 1.1 |
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Top 5 international exports, 2024| Item | % Share |
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| Motor vehicles & parts | 25.4 |
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| Precious metals & stones | 14.7 |
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| Mechanical equipment | 9.8 |
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| Electrical machinery | 4.5 |
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| Plastic products | 4.2 |
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Top 5 international import suppliers, 2024| Country | % Share |
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| United States | 52.4 |
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| China | 10.9 |
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| Mexico | 8.0 |
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| Japan | 3.1 |
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| South Korea | 2.7 |
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Top 5 international imports, 2024| Item | % Share |
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| Motor vehicles & parts | 20.5 |
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| Mechanical equipment | 13.9 |
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| Electrical machinery | 10.8 |
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| Precious metals & stones | 5.1 |
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| Pharmaceutical products | 4.4 |
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Macroeconomics and Revenue Branch
Office of Economic Policy, Ontario Ministry of Finance
Updated: August 2025. Sources: Statistics Canada and Ontario Ministry of Finance.
Contact us
For further information, please contact us at:
Ministry of Finance
Economic Analysis Unit
Macroeconomics and Revenue Branch
Office of Economic Policy
6th Floor, Frost Building North
95 Grosvenor Street
Toronto ON M7A 1Z1
437-246-6398
