Saskatchewan was punching above its weight class last year, according to new data on GDP or economic output in 2024.
StatsCan has just updated its tally on GDP growth – comparing 2024 to the previous year and Saskatchewan turned in an above-average performance with growth of 3.4% last year.
Only PEI, with a population less than Regina’s, had a bigger number. At 1.6-percent, the national growth rate was less than half of what Saskatchewan’s economy delivered.
The report also noted that the country’s population growth slowed last year, going from 3-percent in 2023 to 1.8-percent last year. This helps put the GDP numbers in context as well.
The Prairies account for only one-fifth of the country’s total population but we delivered about a third of the national economic expansion in 2024. In other words, we are out-performing.
The most notable contributor to Saskatchewan’s above-average performance was potash – both for production and large expenditures for construction of the Jansen mine.
