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According to Statistics Canada’s estimates released on April 28, 2015, Saskatchewan posted a GDP (at basic prices in 2007 chained dollars) of $60.1 billion in 2014, an increase of 1.4 per cent from 2013. This ranked sixth among the provinces in terms of percentage growth.
From 2004 to 2014, Saskatchewan's real GDP grew by 2.5% per year on average.
A number of major economic forecasters expect Saskatchewan's economy to continue to grow at a moderate pace in 2015 before picking up slightly in 2016. For 2015, the average estimate for Saskatchewan is 0.6%, ninth among the provinces. Forecasts from seven private forecasters ranged from 0.2% to 1.6%. For 2016, the average real GDP forecast for Saskatchewan is 2.0%, sixth among the provinces and slightly below the national rate of 2.2%.
According to the latest Metropolitan Outlook from the Conference Board, the slowdown of expansion in Regina's goods-producing sector will cause the city's growth to slow to 1.9% in 2015. Slower growth in manufacturing, construction and the services sectors will cause Saskatoon's GDP to grow by a modest 1.8% in 2015. Both Regina and Saskatoon posted strong growth in 2014, with GDP increasing by 5.0% and 6.1%, respectively.
For more in-depth information about a wide range of indicators associated with Saskatchewan’s economic performance, please view the Monthly Economic Indicators Reports (MEIR).