Saskatchewan gross domestic product hits all-time high

November 05, 2026

Media Release, Gov't SK

Key points from this story:

• GDP reached $84.5 billion in 2025
• Economy grew by 2.9% from 2024
• Agriculture sector expanded by 17.9%
• Construction increased by 10%
• 60 large-scale projects planned
• $100 billion in private investment

Statistics Canada's latest real GDP data shows the province's economy increased by 2.9 per cent from 2024 to 2025, reaching an all-time high of $84.5 billion. This impressive growth reflects the province's continued efforts to create new opportunities in Saskatchewan and around the world.

"We have a lot to be proud of in these numbers," Trade and Export Development Minister Warren Kaeding said. "They reflect the work being done every day by people and businesses across our province. As new projects move forward and more companies choose to invest in Saskatchewan, we are creating jobs and opportunities that help people and communities succeed. Our government will continue its strong and steady approach so that Saskatchewan remains a place where people can look to the future with confidence."

GDP measures the value of goods and services produced within a prescribed geographic region over a specific period of time. Several sectors contributed to provincial economic growth in 2025. Agriculture, forestry, fishing and hunting expanded by 17.9 per cent, while construction increased by 10 per cent.

The province's network of nine international trade and investment offices are opening doors to new markets, reinforcing global relationships and connecting investors with opportunities in our province. Saskatchewan continues to share its story directly with global business leaders, as it did at the Canada Investment Summit in September.

Currently there are 60 large-scale projects in planning or underway in Saskatchewan. These projects represent over $100 billion in private capital investment, including Bell Canada's plans to expand its data centre near Regina. With a private capital investment of $52 billion, the largest in Canadian history, the project will see thousands of jobs created in Regina and the surrounding area.

Construction also began this year on NexGen Energy's $2.2 billion Rook I uranium project, while Denison Mines' Wheeler River uranium project represents an initial capital investment of approximately $600 million. Together, the two new projects represent an estimated $2.8 billion in investment for northern Saskatchewan.

For more information visit: InvestSK.ca.