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Canada Province economic profile
Manitoba - Economic Profile
Statistics, economic information and rankings for this Prairie province
In 2026, the province of Manitoba has a population of 1,535,067, having grown an annualized 2.0% over the five years to 2026, which ranks it 9th out of 13 provinces and territories by growth rate. Manitoba's gross domestic product (GDP) in 2026 reached $73.5b, with growth of 2.1% over the 5 years to 2026. Businesses in Manitoba employed a total of 497,918 people in 2026, with average annual employment growth over the past five years of 2.6%. The top three sectors by total employment are Real Estate & Rental & Leasing in Canada, Healthcare & Social Assistance in Canada, Manufacturing, while the unemployment rate across the province in 2026 was 5.3%.
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Province economic profile
Manitoba Economic Overview
$73.5b
Gross province product
1,535,067
Population
82,582
Businesses
Province economic profile
Manitoba Industry Trends
Learn about current trends affecting the most significant industries for Manitoba's province economy, down to the county level. IBISWorld offers provincial industry research reports across all 13 provinces and territories, including 419 industries in Manitoba.
What are Manitoba's Largest Industries by Revenue?
The largest industries by revenue in Manitoba are Commercial Banking, Gasoline & Petroleum Wholesaling and Oil Drilling & Gas Extraction, which generated $15.4b, $12.4b and $9.3b in 2026.
| Industry | 2026 revenue | |
|---|---|---|
| 1. | Commercial Banking | $15.4b |
| 2. | Gasoline & Petroleum Wholesaling | $12.4b |
| 3. | Oil Drilling & Gas Extraction | $9.3b |
| 4. | Hospitals | $9.2b |
| 5. | Gasoline & Petroleum Bulk Stations | $9.0b |
| 6. | New Car Dealers | $6.4b |
| 7. | Farm Supplies Wholesaling | $5.4b |
| 8. | Automobile Wholesaling | $5.0b |
| 9. | Supermarkets & Grocery Stores | $4.5b |
| 10. | Colleges & Universities | $3.1b |
Province economic profile
Top Companies in Manitoba
Learn about current trends affecting the top companies in Manitoba.
Top 10 Companies Headquartered in Manitoba by Employment
The largest companies by employment in Manitoba are Government of Manitoba, Prairie Mountain Health and Maple Leaf Foods, which employed 42,600, 7,500 and 6,500 people in 2026.
| Company | 2026 employment | Share of employment | |
|---|---|---|---|
| 1. | Government of Manitoba | 42,600 | 8.6% |
| 2. | Prairie Mountain Health | 7,500 | 1.5% |
| 3. | Maple Leaf Foods | 6,500 | 1.3% |
| 4. | Bce Inc. | 4,800 | 1.0% |
| 5. | Manitoba Hydro | 4,500 | 0.9% |
| 6. | Walmart | 3,931 | 0.8% |
| 7. | The Canada Life Assurance Company | 2,600 | 0.5% |
| 8. | Boeing Co | 1,500 | 0.3% |
| 9. | Brandon School Division | 1,500 | 0.3% |
| 10. | Buhler Industries Inc. | 1,100 | 0.2% |
Province economic profile
Manitoba Sector Statistics
In Manitoba, certain sectors drive a higher share of provincial GDP and employ more workers than others. However, simply looking at raw numbers doesn't always tell the whole story. Factoring in the current year growth percentage, in addition to the annualized growth percentage over the past five years, will give you a deeper understanding of the economic situation.
What is Manitoba's GDP by Sector?
The Real Estate & Rental & Leasing in Canada, Healthcare & Social Assistance in Canada and Manufacturing sectors contributed the most to Manitoba's GDP in 2026, representing a combined 33.3% of provincial GDP.
GDP trends by sector are an important indicator of which sectors are contributing the most value-add to the provincial economy, in addition to how the provincial economy is evolving over time.
What is Manitoba's Employment by Sector?
The Healthcare & Social Assistance in Canada, Retail Trade and Manufacturing sectors contributed the most to employment in Manitoba in 2026, representing a combined 43.7% of provincial employment.
Employment trends by sector are an important indicator of which sectors are growing or contracting most rapidly relative to the provincial economy as a whole.
| Sector | Employment | Growth 2026 | Annualized growth 2021-26 |
|---|---|---|---|
| Healthcare & Social Assistance in Canada | 92,584 | 4.4% | 6.3% |
| Retail Trade | 73,189 | 1.0% | 0.1% |
| Manufacturing | 48,475 | -0.0% | 0.1% |
| Accommodation & Food Services in Canada | 44,053 | 1.4% | 7.5% |
| Transportation & Warehousing in Canada | 35,729 | 1.9% | 5.8% |
| Construction | 27,707 | 1.7% | 1.9% |
| Wholesale Trade | 25,943 | 1.6% | 2.5% |
| Professional, Scientific & Technical Services in Canada | 23,739 | 1.5% | 3.0% |
| Agriculture, Forestry, Fishing & Hunting in Canada | 22,348 | 1.1% | 1.7% |
| Educational Services | 20,626 | 0.8% | 5.0% |
| Finance & Insurance in Canada | 18,819 | -0.7% | -0.1% |
| Administration, Business Support & Waste Management Services | 17,839 | 0.3% | 1.5% |
| Other Services (except Public Administration) | 9,380 | 2.8% | 2.3% |
| Information | 7,530 | 2.6% | 5.2% |
| Arts, Entertainment & Recreation in Canada | 6,954 | -2.0% | 8.0% |
| Mining | 6,610 | 6.0% | 2.2% |
| Utilities | 4,801 | 2.7% | 5.0% |
| Real Estate & Rental & Leasing in Canada | 4,302 | 1.7% | 0.7% |
Province economic profile
Manitoba Employment Trends
497.9k
Employment
5.3%
Unemployment
What Employment Trends are Impacting Manitoba?
The province of Manitoba employs 497,918 people in 2026, which ranks it 6th out of 13 provinces and territories. Employment in Manitoba has grown at an annualized rate of 3.1% over the five years to 2026, overperforming the national average of 1.6%. Major sectors by employment in Manitoba include Healthcare & Social Assistance in Canada, Retail Trade and Manufacturing, which employed 92,584, 73,189 and 48,475 people in 2026, respectively. Manitoba's unemployment rate is 5.3% in 2026, which ranks it 5th out of 13 provinces and territories. Manitoba's unemployment rate has trended downwards at a rate of -4.2% over the five years to 2026, overperforming the Canada economy as a whole.
Employment trends indicate the degree of tightness or slack in labor markets, in addition to the overall strength of an economy. Faster employment growth typically indicates a strong and growing economy, while lower unemployment tends to imply tightness in labor markets.
You can track unemployment trends in Manitoba, and compare them to the Canada economy, using the chart below.
$103.7k
Per capita disposable income
What is Manitoba's Per Capita Disposable Income?
Per capita disposable income, also known as disposable personal income (DPI), is the amount of money that the average person in an economy has available for spending and saving after accounting for income taxes. Manitoba's DPI in 2026 was $103.7k, compared to the Canadian average of $120.6k, which places it 7th out of 13 provinces and territories.
Disposable income is regarded as a key economic indicator as trends in disposable income are indicative of the level of aggregate demand, the state of labor markets and the financial strength of households.
You can track trends in Manitoba's per capita disposable income, and compare it to the Canadian average, using the chart below.
Province economic profile
Manitoba Construction & Building Trends
$289.9m
Nonresidential construction
$476.8m
Residential construction
8,643
Building permits
What can construction trends tell you about a province’s economy?
In Manitoba, non-residential construction was $289.9m in 2026, which ranks it 9th out of 13 provinces and territories. Residential construction was $476.8m in 2026, which places Manitoba 5th out of 13 provinces and territories. The number of building permits issued in Manitoba in 2026 was 8,643, representing a -3.0% annualized growth rate between 2021 and 2026.
Trends in the construction sector are important because it creates jobs, income and tax revenue for a province. In addition, construction sector activity impacts other sectors in its supply chain, including manufacturing, wholesaling, warehousing, transportation, and real estate, rental and leasing services. Therefore, construction trends are important indicators of the health of an economy.
You can track trends in the number of building permits issued in Manitoba, and compare it to trends in the number issued in Canada as a whole, using the chart below.
Province economic profile
Manitoba Population Statistics
Which Counties in Manitoba have the Largest Populations?
The counties with the highest populations in Manitoba are Winnipeg, Winkler and Thompson, which had populations of 795,912, 0 and 0 people in 2026.
| Region | 2026 population | Annual growth 2021-26 | Share of population |
|---|---|---|---|
| Winnipeg | 795.9k | 2.6% | 51.9% |
Province economic profile
Manitoba Demographics
In Manitoba, 18.3% of the population has a Bachelors or higher.
Education level in Manitoba
| Education level | Share (%) |
|---|---|
| Bachelors or higher | 18.3 |
| Primary Education | 5.5 |
| Other | 76.2 |
Manitoba Province industry reports
IBISWorld Province Industry Reports help you quickly understand how an industry performs at the province level compared with the national level, with accurate and unbiased industry information with a local focus. Use this collection to:
- Discover key local industry trends
- Identify threats and opportunities at the subnational level
- Inform your business strategies and planning
See our list of 419 Manitoba industry reports.
Other provinces to explore
Compare Manitoba’s economy with other provinces in Canada.
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