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), 2022: male | 79.6 |
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| Life expectancy (Years), 2022: female | 84.1 |
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Population by Urban Area, 2023| Greater Toronto Area | 7,354,296 |
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| Greater Toronto Area — Toronto CMA | 6,804,847 |
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| Ottawa-Gatineau CMA (Ontario part) | 1,244,997 |
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| Hamilton CMA | 841,186 |
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| Kitchener-Cambridge-Waterloo CMA | 665,188 |
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| London CMA | 608,343 |
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Labour market
Labour market, 2023| Labour force | 8,392,600 |
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| Employment | 7,914,800 |
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| Job change | 183,200 |
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| Unemployment rate | 5.7% |
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| Participation rate | 65.5% |
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Economy
Economy, 2023| GDP ($ millions, nominal) | 1,119,545 |
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| GDP (% of Canada) | 38.2 |
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| Primary household income ($ millions) | 736,585 |
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| Primary household income (% of Canada) | 39.2 |
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| Primary household income per capita ($) — Ontario | 47,147 |
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| Primary household income per capita ($) — Canada | 46,929 |
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Distribution of GDP, 2023| Item | % |
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| Goods (total) | 22.7 |
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| Goods (manufacturing) | 10.8 |
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| Services | 77.3 |
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Trade
Total Trade, 2023* | Item | $ Millions |
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| Exports | 580,715 |
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| Imports | 575,407 |
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| Trade balance — *International+Interprovincial | +5,308 |
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Top five international export markets, 2023| Country | % Share |
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| United States | 81.4 |
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| United Kingdom | 4.0 |
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| Hong Kong | 1.5 |
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| Mexico | 1.5 |
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| China | 1.3 |
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Top five international exports, 2023| Item | % Share |
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| Motor vehicles & parts | 28.8 |
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| Precious metals & stones | 11.6 |
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| Mechanical equipment | 10.4 |
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| Electrical machinery | 3.9 |
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| Plastic products | 3.9 |
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Top five international import suppliers, 2023| Country | % Share |
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| United States | 52.7 |
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| China | 10.9 |
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| Mexico | 8.0 |
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| Japan | 3.0 |
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| Germany | 2.6 |
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Top five international imports, 2023| Item | % Share |
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| Motor vehicles & parts | 20.7 |
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| Mechanical equipment | 13.8 |
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| Electrical machinery | 11.0 |
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| Precious metals & stones | 4.9 |
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| Pharmaceutical products | 4.6 |
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Macroeconomics and Revenue Branch
Office of Economic Policy, Ontario Ministry of Finance
Updated: December 2024. 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
