In its 16th Annual Report, Strength in numbers: Targeting labour force participation to improve prosperity in Ontario, Ontario’s Panel on Economic Growth & Prosperity analyzes Ontario's GDP per capita compared to ten similar peer jurisdictions (Ohio, Wisconsin, Indiana, the Netherlands, Tennessee, Sweden, Michigan, Australia, British Columbia, and Québec) and analyzes the labour force participation rate of youth, women, older workers, and Indigenous Peoples in Ontario.
The analysis reveals that Ontario continues to experience a ‘prosperity gap’ – GDP per capita is $5,600 below its peer jurisdictions.
Removing the barriers faced by these four groups has the potential to close Ontario's prosperity gap and could add $54.0 billion to the economy.
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