Newfoundland and LabradorEconomic accounts1981–2024 · Annual

How did gross domestic product at market prices at chained (2017) dollars change in Newfoundland and Labrador?

Newfoundland and LabradorThe map shifts from Canada to a regional view centred on Newfoundland and Labrador, with neighbouring provinces and territories left visible.
NLNewfoundland and LabradorBoundary source

The answer

Gross domestic product at market prices at chained (2017) dollars increased in Newfoundland and Labrador.

Overall change
+$17.019B
111% increase
Start · 1981
$15.331B
Latest · 2024
$32.35B

What this answer shows

Measure
Gross domestic product at market prices at chained (2017) dollars
Area shown
Newfoundland and Labrador
Period
1981–2024Annual
Unit
Millions of Canadian dollars

Selected details

Prices
Chained (2017) dollars
Estimates
Gross domestic product at market prices

Gross domestic product at market prices at chained (2017) dollars rose from $15.331B to $32.35B between 1981 and 2024—an increase of $17.019B, or 111%. It reached an observed high of $34.658B in 2007 before ending at $32.35B in 2024.

Evidence prepared Revision c9882d908d7bView data updates

Citation-ready data

Gross domestic product at market prices at chained (2017) dollars in Newfoundland and Labrador

Annual · 44 observations · 1981–2024

Selected period2024
  • Gross domestic product at market prices at chained (2017) dollars$32.35B
Gross domestic product at market prices at chained (2017) dollars rose from $15.331B to $32.35B between 1981 and 2024—an increase of $17.019B, or 111%. It reached an observed high of $34.658B in 2007 before ending at $32.35B in 2024. The chart covers 1981 to 2024. Values are shown in Canadian dollars.Canadian dollars$10B$20B$30B$40B1981198819952003201020172024$15.331B$32.35B

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The vertical scale is focused on the observed values and does not start at zero.

Observed high
$34.658B2007
Observed low
$15.331B1981
Exact values44 observations · 1981–2024

Download every displayed observation in a spreadsheet-ready file.

Gross domestic product at market prices at chained (2017) dollars in Newfoundland and Labrador
PeriodGross domestic product at market prices at chained (2017) dollars
2024Latest$32.35B
2023$31.512B
2022$32.488B
2021$32.836B
2020$32.512B
2019$34.157B
2018$32.836B
2017$33.689B
2016$33.201B
2015$32.709B
2014$33.096B
2013$33.486B
2012$31.815B
2011$33.271B
2010$32.386B
2009$30.714B
2008$34.137B
2007$34.658B
2006$31.148B
2005$29.953B
2004$29.126B
2003$29.332B
2002$27.53B
2001$23.708B
2000$23.153B
1999$21.972B
1998$20.733B
1997$19.754B
1996$19.53B
1995$20.496B
1994$19.857B
1993$19.108B
1992$18.84B
1991$19.224B
1990$19.132B
1989$19.044B
1988$18.355B
1987$17.465B
1986$16.83B
1985$16.791B
1984$16.434B
1983$15.945B
1982$15.423B
1981$15.331B

Across Canada

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About this data

Data shown through 2024Table updated

These are the selections used for this answer. The full Statistics Canada table (opens in a new tab) (36-10-0222-01) contains other measures and breakdowns.

Adapted from Statistics Canada, Gross domestic product, expenditure-based, provincial and territorial, annual, 2025-11-06. This does not constitute an endorsement by Statistics Canada of this product.

How this answer was calculatedThe headline compares the first and last observations shown. Absolute change is the last source value minus the first; relative change is (last ÷ first − 1) × 100. Intermediate observations remain visible in the chart and exact values. This is descriptive and does not identify causes.