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 Alberta at $47.73 per hour and the lowest average (median) wages are earned in Vancouver / Lower Mainland Southwest – British Columbia at $38.57 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*(1) 35.92 47.73 74.31 2017
Edmonton – Alberta* 35.92 47.73 63.45 2017
Vancouver / Lower Mainland Southwest – British Columbia 25.63 38.57 51.80 2016
Winnipeg – Manitoba
Fredericton / Oromocto – New Brunswick(1) 20.00 41.03 60.10 2016
Halifax – Nova Scotia(1) 20.00 41.03 60.10 2016
Toronto – Ontario 21.54 39.42 53.85 2016
Ottawa – Ontario 28.72 43.57 58.97 2016
Hamilton / Niagara Peninsula – Ontario 23.59 42.00 54.00 2016
Kitchener / Waterloo / Barrie – Ontario 23.59 42.00 54.00 2016
Prince Edward Island 20.00 41.03 60.10 2016
Montreal – Quebec 24.00 39.49 54.49 2016
Saskatoon / Biggar – Saskatchewan

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 2018 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 $37.73. The 2018 corresponding median weekly wage rate is $1,353, giving an approximate full-time annual salary for this employment group of $70,000.

These occupations may also be of interest:

Mathematicians, Statisticians and Actuaries
University Professor Salaries

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