Economy, jobs and prices in Nunavut, Canada: official figures
The economy of Nunavut (gross domestic product at market prices) was worth $5.7 billion in 2024, 0.2% of Canada's $3.11 trillion; 3rd smallest of 13 provinces and territories. In current prices it was up 15.7% on 2023.
$5.7 billion
$136,763
11.0%
$1,844.70
$126,600
3.0%
How Nunavut compares with other territories
Gross domestic product, 2024 (current prices) (2024)
Nunavut ranks 11 of 13, highest first.
| Rank | Region | Gross domestic product, 2024 (current prices) |
|---|---|---|
| 7 | Nova Scotia | $65.3 billion |
| 8 | New Brunswick | $48.3 billion |
| 9 | Newfoundland and Labrador | $42.2 billion |
| 10 | Prince Edward Island | $10.9 billion |
| 11 | Nunavut | $5.7 billion |
| 12 | Northwest Territories | $5.1 billion |
| 13 | Yukon | $4.3 billion |
GDP per resident, 2024 (GDP / population on 1 July) (2024)
Nunavut ranks 1 of 13, highest first.
| Rank | Region | GDP per resident, 2024 (GDP / population on 1 July) |
|---|---|---|
| 1 | Nunavut | $136,763 |
| 2 | Northwest Territories | $113,155 |
| 3 | Alberta | $96,686 |
| 4 | Yukon | $91,207 |
| 5 | Saskatchewan | $90,619 |
| 6 | Newfoundland and Labrador | $77,455 |
| 7 | British Columbia | $75,821 |
Real GDP growth, 2024 (chained 2017 dollars) (2024)
Nunavut ranks 1 of 13, highest first.
| Rank | Region | Real GDP growth, 2024 (chained 2017 dollars) |
|---|---|---|
| 1 | Nunavut | 6.9% |
| 2 | Prince Edward Island | 3.8% |
| 3 | Nova Scotia | 3.1% |
| 4 | Alberta | 3.0% |
| 5 | Saskatchewan | 3.0% |
| 6 | New Brunswick | 2.7% |
| 7 | Newfoundland and Labrador | 2.7% |
Real GDP growth at basic prices, 2025 (2025)
Nunavut ranks 12 of 13, highest first.
| Rank | Region | Real GDP growth at basic prices, 2025 |
|---|---|---|
| 7 | New Brunswick | 2.0% |
| 8 | Manitoba | 1.3% |
| 9 | Ontario | 1.3% |
| 10 | Yukon | 0.6% |
| 11 | Quebec | 0.6% |
| 12 | Nunavut | 0.1% |
| 13 | Northwest Territories | -2.0% |
Unemployment rate, territories, three months to September 2026 (September 2026)
Nunavut ranks 1 of 3, highest first. Three-month moving average, seasonally adjusted.
| Rank | Region | Unemployment rate, territories, three months to September 2026 |
|---|---|---|
| 1 | Nunavut | 11.0% |
| 2 | Northwest Territories | 5.8% |
| 3 | Yukon | 4.6% |
Average weekly earnings, July 2026 (all employees, seasonally adjusted) (July 2026)
Nunavut ranks 1 of 13, highest first.
| Rank | Region | Average weekly earnings, July 2026 (all employees, seasonally adjusted) |
|---|---|---|
| 1 | Nunavut | $1,844.70 |
| 2 | Northwest Territories | $1,821.38 |
| 3 | Yukon | $1,504.26 |
| 4 | Alberta | $1,399.61 |
| 5 | Ontario | $1,391.19 |
| 6 | British Columbia | $1,356.78 |
| 7 | Saskatchewan | $1,325.24 |
Change in payroll employment, 12 months to July 2026 (July 2026)
Nunavut ranks 1 of 13, highest first.
| Rank | Region | Change in payroll employment, 12 months to July 2026 |
|---|---|---|
| 1 | Nunavut | 6.6% |
| 2 | Yukon | 5.1% |
| 3 | Saskatchewan | 3.2% |
| 4 | New Brunswick | 2.7% |
| 5 | Alberta | 2.1% |
| 6 | Manitoba | 2.1% |
| 7 | Newfoundland and Labrador | 1.1% |
Median total income, economic families and persons not in an economic family, 2024 (2024)
Nunavut ranks 2 of 13, highest first. In 2024 constant dollars.
| Rank | Region | Median total income, economic families and persons not in an economic family, 2024 |
|---|---|---|
| 1 | Northwest Territories | $133,300 |
| 2 | Nunavut | $126,600 |
| 3 | Yukon | $100,200 |
| 4 | Alberta | $96,600 |
| 5 | Ontario | $90,200 |
| 6 | British Columbia | $85,700 |
| 7 | Saskatchewan | $85,600 |
Median after-tax income, economic families and persons not in an economic family, 2024 (2024)
Nunavut ranks 2 of 13, highest first. In 2024 constant dollars.
| Rank | Region | Median after-tax income, economic families and persons not in an economic family, 2024 |
|---|---|---|
| 1 | Northwest Territories | $116,100 |
| 2 | Nunavut | $109,600 |
| 3 | Yukon | $89,300 |
| 4 | Alberta | $85,300 |
| 5 | Ontario | $79,500 |
| 6 | British Columbia | $75,800 |
| 7 | Saskatchewan | $75,500 |
Median total income of economic families (two or more people), 2024 (2024)
Nunavut ranks 2 of 13, highest first. In 2024 constant dollars.
| Rank | Region | Median total income of economic families (two or more people), 2024 |
|---|---|---|
| 1 | Northwest Territories | $198,500 |
| 2 | Nunavut | $150,400 |
| 3 | Yukon | $143,900 |
| 4 | Alberta | $132,700 |
| 5 | Ontario | $130,700 |
| 6 | British Columbia | $128,400 |
| 7 | Quebec | $120,800 |
Consumer price inflation, 12 months to September 2026 (September 2026)
Nunavut ranks 11 of 13, highest first. Territories: the capital city index (Whitehorse, Yellowknife, Iqaluit).
| Rank | Region | Consumer price inflation, 12 months to September 2026 |
|---|---|---|
| 7 | Manitoba | 4.4% |
| 8 | Alberta | 3.6% |
| 9 | Saskatchewan | 3.3% |
| 10 | Quebec | 3.1% |
| 11 | Nunavut | 3.0% |
| 12 | British Columbia | 3.0% |
| 13 | Ontario | 2.5% |
Consumer price inflation, 2025 annual average (2025)
Nunavut ranks 13 of 13, highest first. Territories: the capital city index (Whitehorse, Yellowknife, Iqaluit).
| Rank | Region | Consumer price inflation, 2025 annual average |
|---|---|---|
| 7 | Nova Scotia | 2.1% |
| 8 | Alberta | 2.0% |
| 9 | Ontario | 1.9% |
| 10 | New Brunswick | 1.7% |
| 11 | Newfoundland and Labrador | 1.4% |
| 12 | Prince Edward Island | 1.4% |
| 13 | Nunavut | 0.8% |
More on Nunavut: overview · health · education and schools · poverty and living standards · government budget · Canada
Sources
- Statistics Canada: Table 11-10-0190-01: Market income, government transfers, total income, income tax and after-tax income by economic family type (Canadian Income Survey; Web Data Service extract), read 23 October 2026 · saved copy (SHA-256 d77937164295…)
- Statistics Canada: Table 18-10-0004-01: Consumer Price Index, monthly, not seasonally adjusted (Web Data Service extract: all-items, food, shelter, transportation), read 23 October 2026 · saved copy (SHA-256 a99a4ffcbbea…)
- Statistics Canada: Table 18-10-0005-01: Consumer Price Index, annual average, not seasonally adjusted (Web Data Service extract), read 23 October 2026 · saved copy (SHA-256 5e17cf9acf05…)
- Statistics Canada: Table 36-10-0222-01: Gross domestic product, expenditure-based, provincial and territorial, annual (x 1,000,000), read 23 October 2026 · saved copy (SHA-256 438e0832790b…)
- Statistics Canada: Table 36-10-0711-01: Gross domestic product (GDP) at basic prices, by industry, provinces and territories (Web Data Service extract: all industries and sectors), read 23 October 2026 · saved copy (SHA-256 c16d19ffb999…)
- Statistics Canada: Table 14-10-0292-01: Labour force characteristics by territory, three-month moving average, seasonally adjusted (Web Data Service extract), read 23 October 2026 · saved copy (SHA-256 5d029d577723…)
- Statistics Canada: Table 14-10-0223-01: Employment and average weekly earnings (including overtime) for all employees by province and territory, monthly, seasonally adjusted (Web Data Service extract: industrial aggregate excluding unclassified businesses), read 23 October 2026 · saved copy (SHA-256 fd47541913f5…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.