The economy of ManitobaManitoba’s economy is established largely on natural resources as a result of having a lot of fertile land. Other essential industries include manufacturing, mining, and transportation, however, the most lucrative industry in 2021 was the real estate industry. The province's overall GDP has been steadily increasing over the years (except for 2020), while the unemployment rate has been fluctuating. However, in 2021, Manitoba had one of the lowest unemployment rates out of all provinces in Canada.
Like other Canadian provinces and territories, Manitoba has not been exempt from inflation. Since February 2022 and the invasion of Ukraine by Russia, the Consumer Price Index (CPI), a main measure of inflation, has been increasing steadily. In June 2022, it had reached 155.3 points, which was an increase of more than 17 points compared to June 2020. The CPI in the province was higher than in Canada.