Saskatchewan led the provinces in private capital investment growth in 2024, seeing an increase of 17.3 per cent over 2023. The province is also projected to lead the nation in overall capital investment growth 2025.
“Attracting new investment and growing our existing businesses continues to be a key priority for our government and these numbers demonstrate our province is the best place to invest in Canada,” Trade and Export Development Minister Warren Kaeding said. “Our investment attraction strategy is our roadmap to achieving our Growth Plan target by building a competitive business environment, low tax and utility rates, a transparent and predictable regulatory environment, a strong suite of incentives and a network of nine international offices that connect Saskatchewan to the world.”
Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first amongst the provinces. It is expected to increase 10.1 percent in 2025 to $16.2 billion.
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Total capital investment in Saskatchewan for 2024 increased by 16.9 per cent to $19.9 billion, ranking second for the provinces. In 2025, the total is expected to increase 10.8 per cent to $22.1 billion.
Statistics Canada’s latest Gross domestic product (GDP) numbers show that Saskatchewan’s 2023 real GDP reached an all-time high of $77.9 billion, increasing by $1.77 billion, or 2.3 percent. This see’s Saskatchewan tied for second in the nation for real GDP growth.
Capital investment refers to the expenditures on fixed assets intended to produce goods and services. Fixed assets include structures, machinery and equipment. It’s an important economic indicator as it showcases businesses’ optimism about the current and future states of the economy, as well as the ability to earn a return on their investment.
