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Business Climate & Economy

Watch your business grow in Winnipeg

Centred on growth

Winnipeg is where your business can grow.

Our diverse and stable economy is tailor-made for sustainable growth. It’s driven by low operating costs, a young educated workforce and a tightly-connected business community.

As our population approaches 900,000, our economy continues to be driven by 10 key sectors, including agribusiness, advanced manufacturing, aerospace and life sciences. Our economy also runs on clean and renewable energy with some of the lowest electricity rates on the continent.

It’s little wonder that local, national and global firms continue to choose Winnipeg.

Facts & Rankings

Top 20

City for investment. Winnipeg is one of Canada’s Best Locations to invest for 2026.

Site Selection Magazine

#141

Out of 1,000 cities for economics. The Oxford Economics Global Cities Index scores cities across , real GDP, economic stability, GDP per person, employment growth, and economic diversity.

2025 Oxford Economics Global Cities Index

#3

Winnipeg is the third-most liveable city in Canada (2026) according the Globe and Mail’s annual Liveable Cities index

Globe and Mail

Inflation: n/a

Frequently Asked Questions

What is the main economy of Winnipeg?

Winnipeg doesn’t have one main economy, we have a variety of thriving and diverse sectors, ensuring a resilient and robust economy.​

We have a rich history in aerospace and defence, advanced manufacturing, agribusiness, digital media and entertainment, environmental industries, finance and insurance, life sciences, technology, transportation and distribution and tourism.

Is Winnipeg a fast growing city?

Winnipeg is currently Canada’s fifth fastest-growing city and has added more than 71,000 people since 2021, according to Statistics Canada. Growth between 2023 and 2025 averaged 23,000 people per year, which is more than double the annual growth between 2010 and 2019.

Most of this growth was driven by both permanent and non-permanent immigration to Winnipeg.

What are the main industries driving the Winnipeg economy?

The main industries driving Winnipeg’s economy are transportation and distribution, advanced manufacturing, tourism,digital media and entertainment are the big drivers. Other industries contributing to Winnipeg’s economic growth include life sciences, technology, finance and insurance, aerospace and environmental industries.

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