NWT’s gross domestic product continues to decline

NWT’s gross domestic product continues to decline

According to Statistics Canada, the NWT was the only jurisdiction to experience a decline in gross domestic product (GDP) for 2025.

NWT’s GDP continues to contract, largely driven by declining resource extraction - Yellowknifer

According to Statistics Canada, the NWT was the only jurisdiction to experience a decline in gross domestic product (GDP) for 2025. Statistics Canada says the NWT had the weakest economic performance in 2025, falling by two per cent, while Newfoundland and Labrador experienced the largest growth in GDP among provinces and territories at 3.5 per cent. The largest drops came in mining, oil and gas extraction industry as it fell by 8.9 per cent in …