Are you seeking storage units for rent in Ontario? Explore the listings above to locate the perfect place and learn interesting facts about Ontario.Ontario is the most populous province in Canada and a major hub for industry and economic activity. The province is home to a vast network of industries that provide jobs and economic growth in the region. In terms of labor, Ontario has a total of 9,402,900 people employed as of 2020. This figure represents 56.3% of the province's total population, making it the most populous province in terms of employment.
In terms of economic output, Ontario's Gross Domestic Product (GDP) was estimated to reach $970 billion in 2021, making it the largest contributor to the Canadian economy. (https://www.ofina.on.ca/pdf/presentation_q2_2022_en.pdf)
Ontario accounts for 40% of the nation's GDP, making it the largest economy in the country. The province's GDP is mainly driven by the manufacturing, finance and insurance, real estate, and professional services sectors.
In terms of economic trends, Ontario has seen an increase in GDP over the past decade. The province's GDP has grown at a compound annual growth rate (CAGR) of 2.4% from 2010 to 2020. This growth has been driven by the manufacturing and finance and insurance sectors, which have grown by 4.2% and 4.3% respectively.
In terms of rankings, Ontario is the third-largest economy in North America, behind the United States and Mexico. In terms of GDP per capita, Ontario ranks seventh in the world, behind the United States, Belgium, Luxembourg, Norway, Switzerland, and Sweden. Additionally, Ontario is the first most populous province in Canada with 15.1 million people. (https://www.ontario.ca/page/ontario-demographic-quarterly-highlights-second-quarter)
Overall, Ontario has a vibrant and diverse economy. It is home to a number of industries that are contributing to economic growth in the region. In terms of labor, Ontario has a large number of people employed, with its GDP contributing significantly to the Canadian economy. The province has also seen an increase in GDP over the past decade, with its manufacturing and finance and insurance sectors driving the growth. Additionally, Ontario is the third-largest economy in North America and ranks seventh in terms of GDP per capita.