Economist Salary Canada

See table for salaries.

Average Economist’s Salary in Canada

The table below details the hourly wages for Economists.

The Canadian national occupation classification code (NOC) for this role is 4162.

Job titles and exact duties vary in this occupation and examples of some job titles are: economist, economic advisor, economic analyst and risk management analyst.

According to the latest figures, the highest hourly average (median) wages are earned in Edmonton – Alberta at $47.27 per hour and the lowest average (median) wages are earned in Winnipeg – Manitoba at $35.03 per hour.

A typical full-time annual salary for this occupation is in the region of $75,000 – $95,000.

Employment prospects for economists and economic policy researchers and analysts are good in Canada. Government data indicates that the labour market for this profession will be balanced for the near future.

Average Hourly (Median) Wages for Economists in Canada

Location Low Wage
$ per hr
Average Wage
$ per hr
High Wage
$ per hr
Year
Calgary – Alberta* 27.20 43.76 82.05 2019
Edmonton – Alberta* 34.42 47.27 64.59 2019
Vancouver / Lower Mainland – British Columbia 39.50 67.91 2016
Winnipeg – Manitoba 35.03 68.88 2016
Fredericton / Oromocto – New Brunswick(3) 27.60 43.75 68.38 2018
Halifax – Nova Scotia(3) 27.60 43.75 68.38 2018
Toronto – Ontario 30.00 43.94 79.47 2018
Ottawa – Ontario 27.60 43.94 61.93 2018
Hamilton / Niagara Peninsula – Ontario 27.43 42.09 69.74 2018
Kitchener / Waterloo / Barrie – Ontario 27.43 42.09 69.74 2018
Prince Edward Island(3) 27.60 43.75 68.38 2018
Montreal – Quebec 30.29 46.15 66.67 2018
Saskatoon / Biggar – Saskatchewan(1) 42.09 69.94 2016

Methodology*

Examples of duties include the following:
›› Conducting research and developing models to analyse and forecast economic behaviour and patterns
›› Forecasting production and consumption of certain products and services
›› Monitoring economic data to assess the effectiveness of monetary and fiscal policies
›› Analysing statistical data on the exchange of goods and services between nations
Comparison with employment group

The 2020 full-time average hourly wage rate for professional occupations in law and social, community and government services, which includes economists and economic policy researchers and analysts, is $40.77. The 2020 corresponding median weekly wage rate is $1,435, giving an approximate full-time annual salary for this employment group of $75,000.

These occupations may also be of interest:

Mathematicians, Statisticians and Actuaries
University Professor Salaries

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