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Saskatchewan’s Real GDP Hits $80.5 Billion in 2024

Saskatchewan has once again proven its economic strength. According to the latest figures released by Statistics Canada, the province’s real GDP reached an all-time high of $80.5 billion in 2024, marking a 3.4% year-over-year growth. This places Saskatchewan second among all Canadian provinces in terms of economic expansion, far ahead of the national average growth of 1.6%.
This steady rise in GDP isn’t just a headline; it’s a reflection of what’s really happening on the ground—more jobs, higher private investment, and a growing demand for skilled professionals across sectors. For newcomers eyeing economic immigration options, Saskatchewan is offering more than just an opportunity—it’s offering stability and future growth.
Key Economic Sectors Powering the Growth
Saskatchewan’s economic progress is being driven by several core industries, which saw major increases in 2024:
Sector | Growth (%) |
Construction | 13.2% |
Agriculture, Forestry, Fishing & Hunting | 7.8% |
Mining, Quarrying, Oil & Gas Extraction | 5.6% |
These industries not only drive exports but also generate thousands of high-quality jobs—something that has a direct impact on immigration demand, particularly through programs like the Saskatchewan Immigrant Nominee Program (SINP).
Private Investment on the Rise
Private capital investment is another critical area that is showing strong momentum. In 2024, Saskatchewan attracted $14.7 billion in private capital, a jump of 17.3%, making it the leading province in this category. The trend is set to continue, with projections for $16.2 billion in 2025, a 10.1% increase.
This consistent growth is backed by the province’s forward-looking Investment Attraction Strategy—Securing the Next Decade of Growth—which is designed to bring in long-term business development, international trade opportunities, and skilled talent.
For those considering launching a business, investing, or working in Saskatchewan, the message is clear: this is one of the best places in Canada to grow.
Real GDP Growth and Immigration Opportunities in Saskatchewan
The real GDP growth directly supports Saskatchewan’s efforts to attract and retain skilled immigrants through the Saskatchewan Immigrant Nominee Program (SINP). With rising job opportunities and an expanding labour market, the province is well-positioned to welcome newcomers who can fill critical gaps in sectors like:
- Healthcare and allied services
- Agriculture and agri-tech
- Skilled trades and construction
- Mining and energy
- Information technology and engineering
Saskatchewan’s population is growing, not just because of internal migration, but also due to international talent choosing to settle in its communities. With an excellent quality of life, affordable living, and strong public services, Saskatchewan offers a promising environment for families and individuals seeking long-term success in Canada.
Saskatchewan’s GDP Growth Reflects Long-Term Promise
Saskatchewan’s economic strength isn’t just a short-term spike—it reflects the province’s long-term direction. With real GDP reaching $80.5 billion in 2024, supported by high investment and sectoral growth, Saskatchewan continues to be a top choice for both immigration and business expansion.
Whether you’re a skilled professional or an international investor, now is the time to look closely at what Saskatchewan has to offer. Saskatchewan’s future is growing—are you ready to grow with it? Stay tuned with Canada Immigration News to learn more!