page_title: Economy of Ontario
section_title: Sectors
hierarchical_section_title: Economy of Ontario / Sectors
caption_attribution_description: English: Contributions from various sectors to Ontario's GDP in 2017 measured in percent.
context_page_description: The economy of Ontario is diversified. Ontario is the largest economy in Canada. Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. Ontario’s net debt-to-GDP ratio will rise to 40.7% in the year 2019-2020.
  Ontario is the most populous province of Canada, with a population of approximately 14.19 million permanent residents in 2017. It is Canada's leading manufacturing province, accounting for 46% of the manufacturing GDP in 2017.
  The CPI inflation of the province in 2018 was confirmed to 2.2%, with the unemployment rate at 5.6% as of January 2019. This unemployment rate is based on the 447,400 unemployed people in Ontario. As of 2018, the province's credit rating ranged from AA-negative to A+-stable.
  In 2017, Ontario's main international exports were motor vehicles and parts, mechanical equipment, precious metals and stones, electrical machinery, and plastic products. Ontario's main international imports were motor vehicles parts and accessories, mechanical equipment, electrical machinery, plastic products and pharmaceutical products.
context_section_description: Approximately four-fifths of Ontario's GDP is composed of service sector industries. The remaining one fifth is the goods sector. More than half of the goods sector is manufacturing. One-third is the construction sector, and a tenth is the utility sector.
caption: Contributions from various sectors to Ontario's GDP in 2017 measured in percent.
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