Provincial GDP by Industry and Sector, at Basic Prices, 1997-2011 [Canada]

<b>Provincial GDP by Industry and Sector, at Basic Prices (15-209-XCB)</b></br> This product presents estimates of Gross Domestic Product (GDP) by industry, in current dollars, evaluated at basic price for all provinces and territories. These estimates are derived from the provincial Input-Output tables. GDP measures the unduplicated value of production. The GDP by industry estimates are derived using a "value added" approach, that is, the value that a producer adds to their intermediate inputs before generating their own output. This allows not only for the computation of total economic production but also the industrial composition and origin of the economic production. When evaluated at basic prices, an industry's GDP is the sum of its factor incomes (wages and salaries, supplementary labour income, mixed income and other operating surplus) plus taxes less subsidies on production (labour and capital).