No. Judging by its per capita gross domestic product—an indicator economists use to gauge prosperity—Alberta is the wealthiest Canadian province, with a per capita GDP of about $73,000 in 2023. Mississippi, the poorest U.S. state by the same measure, had a per capita GDP of just over $39,000.
Nationally, however, the U.S. is better off, with a per capita GDP roughly $30,000 higher than Canada’s. Until recently, rates of economic growth had been comparable in the neighboring countries. But as both nations confronted inflation and high interest rates, growth in Canada slowed more than in the United States.
Canada’s GDP increased by about 1.5% from late 2023 to late 2024, while the U.S.’s grew by about 2.8% over the same period.
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