Economic Overview

The Greater Toronto Area (GTA) occupies a vital place in Canada by virtue of its size and economic influence. The region is home to more than five million people and generates more than 20% of the nation’s gross domestic product.

The GTA is the industrial and financial capital of Canada. Business and financial services, manufacturing, retail and wholesale trade, and transportation are the foundations of the region’s dynamic, diverse and growing economy.

Closely linked with the continued expansion of these globally competitive sectors is the growth of the GTA’s deep pool of educated, skilled and creative people. The region’s residents are drawn from across the globe, making the Toronto area the most multicultural urban centre in the world.