Annex VI: Economic Data Tables
- Ontario Economy
- Ontario, Gross Domestic Product, 1993–2006
- Ontario, Growth in Gross Domestic Product, 1993–2006
- Ontario, Selected Economic Indicators, 1993–2006
- Ontario, Selected Economic Indicators, Annual Change, 1993–2006
- Ontario, Real Gross Domestic Product by Industry at Basic Prices, 2003–2006
- Ontario, Growth in Real Gross Domestic Product by Industry at Basic Prices, 2003–2006
- Ontario, Real Gross Domestic Product at Basic Prices in Selected Manufacturing Industries, 2003–2006
- Ontario, Growth in Real Gross Domestic Product at Basic Prices in Selected Manufacturing Industries, 2003–2006
- Ontario, Housing Market Indicators, 2003–2006
- Selected Financial Indicators, 1993–2006
- G7 Comparison
- Ontario and the G7, Real Gross Domestic Product Growth, 1993–2006
- Ontario and the G7, Employment Growth, 1993–2006
- Ontario and the G7, Unemployment Rates, 1993–2006
- Ontario and the G7, CPI Inflation Rates, 1993–2006
- G7, Exchange Rates, 1993–2006
- Ontario, International Merchandise Trade
- Canada, International Merchandise Trade
- Demographic Characteristics
- Ontario Labour Markets
- Ontario, Labour Force, 1993–2006
- Ontario, Employment, 1993–2006
- Ontario, Unemployment, 1993–2006
- Ontario, Employment Insurance (EI) and Social Assistance, 1993–2006
- Ontario, Labour Compensation, 1993–2006
- Ontario, Employment by Occupation, 1995–2006
- Ontario, Distribution of Employment by Occupation, 1995–2006
- Ontario, Employment by Industry, 1997–2006
- Ontario, Growth in Employment by Industry, 1997–2006
- Ontario, Employment Level by Economic Regions, 1996–2006
- Ontario, Employment Level by Industry for Economic Regions, 2006
- Ontario Economic Regions
Table 1
Ontario, Gross Domestic Product, 1993–2006
($ Billions)
| |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
| Real GDP (chained $1997) |
329.1 |
348.5 |
360.8 |
364.8 |
381.2 |
399.7 |
429.7 |
| Consumption |
194.3 |
200.2 |
204.0 |
208.7 |
218.8 |
226.4 |
236.9 |
| Government |
79.7 |
80.5 |
81.0 |
78.0 |
77.9 |
79.6 |
82.9 |
| Residential Construction |
18.2 |
18.6 |
16.0 |
17.5 |
20.0 |
19.7 |
22.0 |
| Non-residential Construction |
10.2 |
8.9 |
8.7 |
10.6 |
11.5 |
11.7 |
13.1 |
| Machinery and Equipment |
17.5 |
20.1 |
22.0 |
23.5 |
29.0 |
31.0 |
33.9 |
| Exports |
188.1 |
207.7 |
224.1 |
236.6 |
254.3 |
273.0 |
303.9 |
| Imports |
172.7 |
184.4 |
196.5 |
206.2 |
232.1 |
243.0 |
263.3 |
| Nominal Gross Domestic Product |
293.4 |
311.1 |
329.3 |
338.2 |
359.4 |
377.9 |
409.0 |
| Table 1 (continued) ($ Billions) |
| |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| Real GDP (chained $1997) |
455.2 |
463.4 |
477.8 |
484.3 |
496.2 |
510.7 |
521.6 |
| Consumption |
248.5 |
254.7 |
264.5 |
272.7 |
281.5 |
291.6 |
301.7 |
| Government |
85.9 |
90.0 |
92.8 |
97.8 |
101.3 |
104.4 |
108.2 |
| Residential Construction |
23.5 |
25.8 |
28.3 |
29.0 |
30.1 |
30.6 |
30.9 |
| Non-residential Construction |
11.5 |
11.4 |
11.8 |
11.5 |
11.5 |
11.9 |
13.1 |
| Machinery and Equipment |
35.9 |
34.9 |
32.6 |
34.6 |
37.1 |
40.4 |
44.9 |
| Exports |
327.6 |
317.9 |
322.7 |
322.4 |
334.6 |
341.9 |
341.3 |
| Imports |
282.5 |
269.4 |
275.3 |
283.9 |
302.7 |
314.4 |
322.9 |
| Nominal Gross Domestic Product |
440.8 |
453.7 |
477.8 |
493.1 |
516.8 |
536.9 |
557.8 |
Source: Statistics Canada.
Table 2
Ontario, Growth in Gross Domestic Product, 1993–2006
(Per Cent Change)
| |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
| Real GDP (chained $1997) |
1.0 |
5.9 |
3.5 |
1.1 |
4.5 |
4.8 |
7.5 |
| Consumption |
1.3 |
3.1 |
1.9 |
2.3 |
4.8 |
3.5 |
4.6 |
| Government |
(0.6) |
1.0 |
0.6 |
(3.7) |
(0.1) |
2.1 |
4.2 |
| Residential Construction |
(8.7) |
2.0 |
(14.0) |
9.6 |
14.5 |
(1.8) |
11.6 |
| Non-residential Construction |
(18.7) |
(12.2) |
(2.8) |
21.5 |
9.3 |
1.6 |
11.4 |
| Machinery and Equipment |
(4.4) |
14.6 |
9.9 |
6.7 |
23.3 |
6.8 |
9.4 |
| Exports |
8.4 |
10.4 |
7.9 |
5.6 |
7.5 |
7.3 |
11.3 |
| Imports |
5.9 |
6.8 |
6.6 |
4.9 |
12.6 |
4.7 |
8.4 |
| Nominal Gross Domestic Product |
2.4 |
6.0 |
5.9 |
2.7 |
6.3 |
5.2 |
8.2 |
| Table 2 (continued) (Per Cent Change) |
| |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| Real GDP (chained $1997) |
5.9 |
1.8 |
3.1 |
1.4 |
2.5 |
2.9 |
2.1 |
| Consumption |
4.9 |
2.5 |
3.8 |
3.1 |
3.2 |
3.6 |
3.5 |
| Government |
3.6 |
4.7 |
3.2 |
5.3 |
3.5 |
3.1 |
3.7 |
| Residential Construction |
7.1 |
9.7 |
9.6 |
2.6 |
3.6 |
1.8 |
1.1 |
| Non-residential Construction |
(11.8) |
(1.1) |
3.7 |
(2.4) |
(0.6) |
3.6 |
10.4 |
| Machinery and Equipment |
5.9 |
(2.8) |
(6.5) |
6.1 |
7.1 |
9.1 |
11.2 |
| Exports |
7.8 |
(3.0) |
1.5 |
(0.1) |
3.8 |
2.2 |
(0.2) |
| Imports |
7.3 |
(4.6) |
2.2 |
3.1 |
6.6 |
3.9 |
2.7 |
| Nominal Gross Domestic Product |
7.8 |
2.9 |
5.3 |
3.2 |
4.8 |
3.9 |
3.9 |
Source: Statistics Canada.
Table 3
Ontario, Selected Economic Indicators, 1993–2006
| |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
| Retail Sales ($ Billions) |
74.5 |
80.0 |
83.3 |
83.8 |
90.9 |
97.5 |
104.6 |
| Housing Starts – Units (000s) |
45.1 |
46.6 |
35.8 |
43.1 |
54.1 |
53.8 |
67.2 |
| Personal Income ($ Billions) |
256.1 |
260.7 |
271.4 |
276.3 |
289.5 |
304.7 |
321.7 |
| Pre-tax Corporate Profits ($ Billions) |
17.9 |
27.9 |
33.1 |
34.2 |
37.5 |
39.5 |
49.7 |
| Consumer Price Index (2002 = 100) |
84.7 |
84.7 |
86.8 |
88.2 |
89.8 |
90.6 |
92.4 |
| Labour Force (000s) |
5,544 |
5,548 |
5,589 |
5,680 |
5,776 |
5,877 |
6,018 |
| Employment (000s) |
4,938 |
5,014 |
5,100 |
5,167 |
5,291 |
5,453 |
5,637 |
| Unemployment Rate (%) |
10.9 |
9.6 |
8.7 |
9.0 |
8.4 |
7.2 |
6.3 |
| Table 3 (continued) |
| |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| Retail Sales ($ Billions) |
111.5 |
114.3 |
121.0 |
125.1 |
129.1 |
135.3 |
140.8 |
| Housing Starts – Units (000s) |
71.5 |
73.3 |
83.6 |
85.2 |
85.1 |
78.8 |
73.4 |
| Personal Income ($ Billions) |
347.7 |
361.2 |
369.4 |
381.1 |
399.8 |
417.8 |
438.0 |
| Pre-tax Corporate Profits ($ Billions) |
54.4 |
49.3 |
60.5 |
58.2 |
63.1 |
62.0 |
64.4 |
| Consumer Price Index (2002 = 100) |
95.1 |
98.0 |
100.0 |
102.7 |
104.6 |
106.9 |
108.8 |
| Labour Force (000s) |
6,173 |
6,327 |
6,494 |
6,676 |
6,775 |
6,849 |
6,927 |
| Employment (000s) |
5,817 |
5,926 |
6,031 |
6,213 |
6,317 |
6,398 |
6,493 |
| Unemployment Rate (%) |
5.8 |
6.3 |
7.1 |
6.9 |
6.8 |
6.6 |
6.3 |
Sources: Statistics Canada and Canada Mortgage and Housing Corporation.
Table 4
Ontario, Selected Economic Indicators, Annual Change, 1993–2006
(Per Cent Change)
| |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
| Retail Sales |
4.2 |
7.5 |
4.0 |
0.7 |
8.5 |
7.2 |
7.3 |
| Housing Starts |
(19.1) |
3.3 |
(23.2) |
20.2 |
25.6 |
(0.4) |
24.9 |
| Personal Income |
0.9 |
1.8 |
4.1 |
1.8 |
4.8 |
5.2 |
5.6 |
| Pre-tax Corporate Profits |
23.1 |
55.8 |
18.7 |
3.3 |
9.9 |
5.2 |
25.9 |
| Consumer Price Index |
1.8 |
0.0 |
2.5 |
1.6 |
1.8 |
0.9 |
2.0 |
| Labour Force |
0.3 |
0.1 |
0.7 |
1.6 |
1.7 |
1.7 |
2.4 |
| Employment |
0.1 |
1.5 |
1.7 |
1.3 |
2.4 |
3.1 |
3.4 |
| Table 4 (continued) (Per Cent Change) |
| |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| Retail Sales |
6.6 |
2.5 |
5.9 |
3.4 |
3.2 |
4.8 |
4.1 |
| Housing Starts |
6.4 |
2.5 |
14.1 |
1.9 |
(0.1) |
(7.4) |
(6.8) |
| Personal Income |
8.1 |
3.9 |
2.3 |
3.2 |
4.9 |
4.5 |
4.8 |
| Pre-tax Corporate Profits |
9.3 |
(9.2) |
22.5 |
(3.7) |
8.5 |
(1.8) |
3.9 |
| Consumer Price Index |
2.9 |
3.0 |
2.0 |
2.7 |
1.9 |
2.2 |
1.8 |
| Labour Force |
2.6 |
2.5 |
2.6 |
2.8 |
1.5 |
1.1 |
1.1 |
| Employment |
3.2 |
1.9 |
1.8 |
3.0 |
1.7 |
1.3 |
1.5 |
Sources: Statistics Canada and Canada Mortgage and Housing Corporation.
Table 5
Ontario, Real Gross Domestic Product by Industry at Basic Prices, 2003–2006
($2002 Chained Millions)
| |
2003 |
2004 |
2005 |
2006 |
| Goods Producing Industries |
135,581 |
138,377 |
140,476 |
137,928 |
| Primary |
7,748 |
8,087 |
8,328 |
8,306 |
| Utilities |
9,180 |
9,525 |
9,992 |
9,720 |
| Construction |
23,088 |
23,468 |
25,052 |
26,446 |
| Manufacturing1 |
95,557 |
96,603 |
96,264 |
92,480 |
| Services Producing Industries |
311,791 |
326,926 |
337,062 |
350,443 |
| Wholesale Trade |
26,251 |
27,368 |
29,025 |
31,059 |
| Retail Trade |
24,243 |
25,103 |
25,817 |
26,901 |
| Transportation and Warehousing |
17,121 |
17,568 |
18,064 |
18,415 |
| Information and Cultural (incl. Telecommunications) |
16,656 |
17,961 |
18,654 |
19,223 |
| Finance, Insurance, Real Estate, Rental and Leasing |
95,465 |
98,501 |
101,575 |
105,690 |
| Professional and Administrative Services |
37,027 |
38,334 |
39,727 |
41,529 |
| Education |
20,226 |
20,916 |
21,792 |
22,273 |
| Health Care and Social Services |
26,693 |
27,445 |
27,844 |
28,944 |
| Arts, Entertainment and Recreation |
4,354 |
4,618 |
4,608 |
4,754 |
| Accommodation and Food |
9,218 |
9,428 |
9,538 |
9,858 |
| Other Services |
10,976 |
11,340 |
11,514 |
11,774 |
| Public Administration |
23,564 |
24,065 |
24,519 |
25,509 |
| Total Production |
447,367 |
460,425 |
472,586 |
483,505 |
1 See Table 7 for detailed manufacturing industries.
Sources: Statistics Canada and Ontario Ministry of Finance.
Table 6
Ontario, Growth in Real Gross Domestic Product by Industry at Basic Prices, 2003–2006
(Per Cent Change)
| |
2003 |
2004 |
2005 |
2006 |
| Goods Producing Industries |
0.5 |
2.1 |
1.5 |
(1.8) |
| Primary |
0.3 |
4.4 |
3.0 |
(0.3) |
| Utilities |
(0.6) |
3.7 |
4.9 |
(2.7) |
| Construction |
3.3 |
1.6 |
6.8 |
5.6 |
| Manufacturing1 |
(0.1) |
1.1 |
(0.4) |
(3.9) |
| Services Producing Industries |
2.1 |
4.9 |
3.1 |
4.0 |
| Wholesale Trade |
5.1 |
4.3 |
6.1 |
7.0 |
| Retail Trade |
4.0 |
3.5 |
2.8 |
4.2 |
| Transportation and Warehousing |
(1.5) |
2.6 |
2.8 |
1.9 |
| Information and Cultural (incl. Telecommunications) |
(0.4) |
7.8 |
3.9 |
3.1 |
| Finance, Insurance, Real Estate, Rental and Leasing |
1.7 |
3.2 |
3.1 |
4.1 |
| Professional and Administrative Services |
3.5 |
3.5 |
3.6 |
4.5 |
| Education |
1.7 |
3.4 |
4.2 |
2.2 |
| Health Care and Social Services |
3.6 |
2.8 |
1.5 |
3.9 |
| Arts, Entertainment and Recreation |
0.7 |
6.1 |
(0.2) |
3.2 |
| Accommodation and Food |
(7.8) |
2.3 |
1.2 |
3.4 |
| Other Services |
1.7 |
3.3 |
1.5 |
2.3 |
| Public Administration |
4.6 |
2.1 |
1.9 |
4.0 |
| Total Production |
1.6 |
2.9 |
2.6 |
2.3 |
1 See Table 8 for detailed manufacturing industries.
Sources: Statistics Canada and Ontario Ministry of Finance.
Table 7
Ontario, Real Gross Domestic Product at Basic Prices in Selected Manufacturing Industries,
2003–2006
($2002 Chained Millions)
| |
2003 |
2004 |
2005 |
2006 |
| Manufacturing |
95,557 |
96,603 |
96,264 |
92,480 |
| Food, Beverage and Tobacco Products |
10,194 |
10,457 |
10,668 |
10,732 |
| Textile, Clothing and Leather Products |
1,845 |
1,776 |
1,594 |
1,456 |
| Wood Products and Furniture |
5,059 |
5,036 |
4,977 |
4,854 |
| Paper Products and Printing |
7,074 |
6,970 |
7,005 |
6,091 |
| Chemical and Petroleum Products |
9,840 |
9,676 |
9,430 |
9,136 |
| Plastic and Rubber Products |
5,821 |
5,624 |
5,638 |
5,474 |
| Primary Metal and Fabricated Metal Products |
13,638 |
13,034 |
12,982 |
12,061 |
| Machinery |
6,780 |
6,578 |
6,953 |
6,504 |
| Electrical and Electronic Products |
5,580 |
5,889 |
5,849 |
6,017 |
| Transportation Equipment |
25,446 |
27,485 |
26,968 |
25,873 |
| Other Manufacturing |
4,403 |
4,455 |
4,497 |
4,623 |
Sources: Statistics Canada and Ontario Ministry of Finance.
Table 8
Ontario, Growth in Real Gross Domestic Product at Basic Prices in Selected Manufacturing Industries, 2003–2006
(Per Cent Change)
| |
2003 |
2004 |
2005 |
2006 |
| Manufacturing |
(0.1) |
1.1 |
(0.4) |
(3.9) |
| Food, Beverage and Tobacco Products |
(0.8) |
2.6 |
2.0 |
0.6 |
| Textile, Clothing and Leather Products |
(8.6) |
(3.7) |
(10.2) |
(8.7) |
| Wood Products and Furniture |
(6.1) |
(0.4) |
(1.2) |
(2.5) |
| Paper Products and Printing |
(2.2) |
(1.5) |
0.5 |
(13.0) |
| Chemical and Petroleum Products |
1.6 |
(1.7) |
(2.5) |
(3.1) |
| Plastic and Rubber Products |
(0.4) |
(3.4) |
0.2 |
(2.9) |
| Primary Metal and Fabricated Metal Products |
0.0 |
(4.4) |
(0.4) |
(7.1) |
| Machinery |
(2.3) |
(3.0) |
5.7 |
(6.5) |
| Electrical and Electronic Products |
(6.0) |
5.5 |
(0.7) |
2.9 |
| Transportation Equipment |
4.4 |
8.0 |
(1.9) |
(4.1) |
| Other Manufacturing |
2.0 |
1.2 |
0.9 |
2.8 |
Sources: Statistics Canada and Ontario Ministry of Finance.
Table 9
Ontario, Housing Market Indicators, 2003–2006
| |
2003 |
2004 |
2005 |
2006 |
| New Housing Market |
|
|
|
|
| Residential Construction, Current $ Millions |
30,542 |
33,590 |
35,635 |
37,677 |
| Per Cent Change |
8.0 |
10.0 |
6.1 |
5.7 |
| Real Residential Construction ($1997 Millions) |
29,024 |
30,070 |
30,622 |
30,944 |
| Per Cent Change |
2.6 |
3.6 |
1.8 |
1.1 |
| Housing Starts (Units) |
85,180 |
85,114 |
78,795 |
73,417 |
| Per Cent Change |
1.9 |
(0.1) |
(7.4) |
(6.8) |
| Of which: Single-detached, urban areas (Units) |
40,849 |
41,101 |
33,655 |
30,369 |
| Per Cent Change |
(9.2) |
0.6 |
(18.1) |
(9.8) |
| Multiple, urban areas (Units) |
40,082 |
38,795 |
39,522 |
37,411 |
| Per Cent Change |
15.7 |
(3.2) |
1.9 |
(5.3) |
| New Housing Price Index (1997 = 100) |
120.0 |
126.7 |
132.6 |
137.5 |
| Per Cent Change |
4.4 |
5.6 |
4.6 |
3.7 |
| Resale Market |
|
|
|
|
| Home Resales (Units) |
184,457 |
197,353 |
197,007 |
194,793 |
| Per Cent Change |
3.6 |
7.0 |
(0.2) |
(1.1) |
| Average Resale Price ($) |
226,824 |
245,230 |
263,042 |
278,455 |
| Per Cent Change |
7.5 |
8.1 |
7.3 |
5.9 |
Sources: Statistics Canada, Canada Mortgage and Housing Corporation, Canadian Real Estate Association and Ontario Ministry of Finance.
Table 10
Selected Financial Indicators, 1993–2006
(Per Cent)
| |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
| Interest Rates |
|
|
| Bank Rate |
5.1 |
5.8 |
7.1 |
4.5 |
3.5 |
5.1 |
4.9 |
| Prime Rate |
5.9 |
6.9 |
8.6 |
6.1 |
5.0 |
6.6 |
6.4 |
| 10-Year Government Bonds |
7.2 |
8.4 |
8.1 |
7.2 |
6.1 |
5.3 |
5.6 |
| Three-month T-Bills |
4.8 |
5.5 |
6.9 |
4.2 |
3.3 |
4.7 |
4.7 |
| Mortgage Rates |
|
|
| 5-Year Rate |
8.8 |
9.5 |
9.2 |
7.9 |
7.1 |
6.9 |
7.6 |
| 1-Year Rate |
6.9 |
7.8 |
8.4 |
6.2 |
5.5 |
6.5 |
6.8 |
| Canadian Household Debt Burden1 |
|
|
| Consumer |
21.3 |
22.7 |
23.5 |
24.6 |
26.2 |
27.7 |
28.3 |
| Mortgage |
62.2 |
65.3 |
65.4 |
67.5 |
68.8 |
69.4 |
69.0 |
| Total |
83.5 |
88.0 |
88.9 |
92.1 |
95.0 |
97.1 |
97.3 |
| Table 10 (continued) (Per Cent) |
| |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| Interest Rates |
|
|
| Bank Rate |
5.8 |
4.3 |
2.7 |
3.2 |
2.5 |
2.9 |
4.3 |
| Prime Rate |
7.3 |
5.8 |
4.2 |
4.7 |
4.0 |
4.4 |
5.8 |
| 10-Year Government Bonds |
5.9 |
5.5 |
5.3 |
4.8 |
4.6 |
4.1 |
4.2 |
| Three-month T-Bills |
5.5 |
3.8 |
2.6 |
2.9 |
2.2 |
2.7 |
4.0 |
| Mortgage Rates |
|
|
| 5-Year Rate |
8.3 |
7.4 |
7.0 |
6.4 |
6.2 |
6.0 |
6.7 |
| 1-Year Rate |
7.9 |
6.1 |
5.2 |
4.8 |
4.6 |
5.1 |
6.3 |
| Canadian Household Debt Burden1 |
|
|
| Consumer |
29.7 |
30.3 |
31.1 |
32.7 |
34.4 |
36.9 |
38.1 |
| Mortgage |
67.4 |
67.0 |
69.3 |
72.2 |
75.2 |
79.2 |
82.4 |
| Total |
97.1 |
97.3 |
100.4 |
104.9 |
109.7 |
116.1 |
120.6 |
1 Household debt as a share of personal disposable income.
Note: All data are annual averages.
Sources: Statistics Canada, Finance Canada and Bank of Canada.
Table 11
Ontario and the G7, Real Gross Domestic Product Growth, 1993–2006
(Per Cent)
| |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
| Ontario |
1.0 |
5.9 |
3.5 |
1.1 |
4.5 |
4.8 |
7.5 |
| Canada |
2.3 |
4.8 |
2.8 |
1.6 |
