Saskatchewan's Profile
Economic Indicators in 2021
- Gross domestic product (GDP): $88.3 billion
- GDP per capita: $74,700
- Population: 1.2 million
- International merchandise exports and imports: 63.4% of GDP
Economic Activity by Sector in 2022
- Goods: 50.4% of GDP
- Mining, quarrying, and oil and gas extraction: 25.3% of total GDP
- Manufacturing: 7.1% of total GDP
- Services: 49.6% of GDP
- Real estate, and rental and leasing: 8.7% of total GDP
- Health care and social assistance: 6.2% of total GDP
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Alexia Lagacé-Roy
Research and Education
Publication No. 2023-502-E
19 July 2023
Saskatchewan's Merchandise Trade
Saskatchewan's merchandise trade with the world in 2021: $56.0 billion
- Exports: $37.7 billion, a 23.9% increase from 2020
- Imports: $18.2 billion, a 9.1% increase from 2020
Trade surplus in 2021: $19.5 billion, an increase from $13.7 billion in 2020
Exports in 2021: 6.0% of the total value of Canadian exports, an increase from 5.9% in 2020
Imports in 2021: 2.8% of the total value of Canadian imports, a decrease from 2.9% in 2020
Exports as a percentage of GDP in 2021:
- Saskatchewan – 42.7%, an increase from 39.0% in 2020
- Canada – 25.2%, an increase from 23.5% in 2020
Imports as a percentage of GDP in 2021:
- Saskatchewan – 20.7%, a decrease from 21.4% in 2020
- Canada – 26.0%, a decrease from 26.4% in 2020
Exports in 2022:
- Resource-based goods – 81.1%, an increase from 79.2% in 2021
- Manufactured goods – 18.9%, a decrease from 20.8% in 2021
Highest-valued exports in 2022: Potassic fertilizers and crude oil, together accounting for 56.3% of the total value of provincial exports
- Potassic fertilizers: $16.3 billion, an increase from $7.1 billion in 2021
- Crude oil: $13.2 billion, an increase from $8.6 billion in 2021
Major export destinations, by region, in 2022:
- United States, at 55.7% of the total value of exports
- Asia, at 23.7% of the total value of exports
- Americas (excl. U.S.), at 10.0% of the total value of exports
Major export destinations, by country, in 2022:
- United States, at $29.3 billion
- China, at $5.1 billion
- Brazil, at $2.6 billion
Saskatchewan's Services Trade
Saskatchewan's services trade with the world in 2021: $4.8 billion
- Exports: $2.0 billion, a 9.0% increase from 2020
- Imports: $2.8 billion, a 19.8% increase from 2020
Trade deficit in 2021: $863 million, an increase from $558 million in 2020