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 |
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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.
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