The Latest Canada Industry Statistics Explained
In 2018, manufacturing industries accounted for approximately 10.2% of Canada’s total GDP.
The statistic states that in 2018, manufacturing industries contributed around 10.2% to Canada’s total Gross Domestic Product (GDP). This signifies the economic importance of the manufacturing sector in Canada, indicating that it plays a significant role in the country’s overall economic output. A high share of GDP from manufacturing suggests that the sector is a key driver of economic growth, employment, and productivity within the Canadian economy. Monitoring this statistic over time can provide insights into the relative strength and performance of the manufacturing industry within the broader economy, as well as inform policy decisions and strategic planning related to economic development and industry support.
Mining, quarrying, and oil and gas extraction contributed almost 7.3% of total GDP in 2020.
The statistic ‘Mining, quarrying, and oil and gas extraction contributed almost 7.3% of total GDP in 2020’ indicates the significant economic impact of these industries on the overall output of a country. This means that nearly 7.3% of the Gross Domestic Product (GDP) in 2020 was generated by the activities related to extracting natural resources such as minerals, stones, and oil and gas. This sector plays a crucial role in driving economic growth, creating job opportunities, and contributing to government revenue through taxes and royalties. The statistic highlights the importance of these industries in the national economy and underscores the need to monitor and support their development for sustainable economic prosperity.
In 2020, 1% of the total GDP was contributed by Agriculture, hunting, and forestry.
The statistic “In 2020, 1% of the total GDP was contributed by Agriculture, hunting, and forestry” indicates the proportion of economic output derived from these industries relative to the overall Gross Domestic Product (GDP) for the specified year. This suggests that Agriculture, hunting, and forestry played a relatively minor role in driving the economic performance of the country during 2020, with only a small fraction of the total GDP being generated by these sectors. As a result, policymakers and stakeholders may need to consider strategies to potentially enhance the contributions of these sectors to the economy, support their growth and sustainability, or diversify the economy to reduce reliance on these industries for economic output.
Almost 60% of all Canada’s manufacturing sales in 2020 were from Ontario and Quebec.
The statistic “Almost 60% of all Canada’s manufacturing sales in 2020 were from Ontario and Quebec” indicates that a significant majority of manufacturing sales in Canada during 2020 originated from the provinces of Ontario and Quebec. This suggests that these two provinces are major contributors to the overall manufacturing industry in Canada, likely due to their diverse industrial sectors, skilled workforce, and strategic location for trade and transportation. The high percentage share of manufacturing sales from Ontario and Quebec highlights the importance of these provinces in driving economic activity and growth within the Canadian manufacturing sector.
In 2018, the construction industry represented approximately 7.2% of Canada’s total GDP.
The statistic that the construction industry represented approximately 7.2% of Canada’s total GDP in 2018 indicates the significant economic contribution made by the construction sector to the overall Canadian economy during that year. This percentage represents the value added by construction activities, including both residential and non-residential construction, infrastructure projects, and related services. The construction industry’s share of the GDP is a key indicator of economic vitality, reflecting the level of investment, employment opportunities, and overall economic activity within the sector. A strong construction industry is often associated with economic growth, infrastructure development, and job creation, highlighting its importance in driving economic prosperity and stability.
The food manufacturing industry was the largest in Canada in 2019, contributing 16.2% of total manufacturing sales.
In 2019, the food manufacturing industry held the distinction of being the largest sector within Canada’s manufacturing landscape, accounting for a significant portion of total manufacturing sales at 16.2%. This statistic reflects the economic significance and substantial contribution of the food manufacturing industry to the Canadian economy. The strong performance of this industry highlights its importance in terms of revenue generation, employment opportunities, and overall growth within the manufacturing sector. The fact that food manufacturing held the top spot in terms of sales underscores its essential role in Canada’s industrial landscape and emphasizes the sector’s influence on the nation’s economic well-being.
In Canada, approximately 70% of the mining industry’s revenue in 2020 was generated by the precious metals sector.
This statistic indicates that in Canada, the precious metals sector significantly contributed to the overall revenue of the mining industry in 2020. Specifically, about 70% of the industry’s total revenue came from the extraction and sale of precious metals such as gold, silver, and platinum. This suggests that precious metals played a dominant role in the economic performance of the mining sector during that year. The strong performance of the precious metals sector could have been influenced by factors such as global market demand for these commodities, their high market value, and possibly operational efficiencies within the sector. Overall, this statistic highlights the importance of the precious metals industry within Canada’s mining sector in 2020.
As of 2019, the average annual wage for workers in manufacturing industries was approximately CAD 49,400.
The statistic indicates that in 2019, the average yearly salary for individuals employed in manufacturing sectors was around CAD 49,400. This average figure reflects the total income earned by workers in these industries, including wages, bonuses, and other monetary benefits. The data suggests that the manufacturing sector’s workforce, on average, received this amount as annual compensation, serving as a benchmark for understanding the income levels of individuals employed in this particular industry. This statistic can be useful for policymakers, businesses, and employees in evaluating compensation trends, setting wage standards, and making informed decisions related to career choices and employee retention strategies within the manufacturing sector.
In 2019, Canada’s oil and gas extraction industry employed about 170,000 people directly.
The statistic that in 2019, Canada’s oil and gas extraction industry employed about 170,000 people directly highlights the significant role this sector plays in the Canadian economy in terms of job creation. These employment opportunities cover a wide range of positions, from skilled workers in the field to professionals in management and engineering roles. The employment provided by the oil and gas extraction industry contributes not only to the livelihoods of individuals and families but also to the overall economic growth of the country. Understanding the size of this workforce can provide insights into the industry’s importance, its impact on other sectors, and the potential consequences of shifts in oil and gas markets on labor dynamics.
As of 2020, the forestry sector contributes to about 1.3% of Canada’s GDP.
This statistic indicates that in the year 2020, the forestry sector in Canada played a relatively minor role in the country’s overall economic output, accounting for approximately 1.3% of the Gross Domestic Product (GDP). The forestry sector includes activities such as logging, timber processing, and paper manufacturing. While this percentage may seem small compared to other industries, the forestry sector remains a significant part of Canada’s economy, providing jobs and contributing to both domestic and international trade. The statistic highlights the importance of sustainable forestry management practices to ensure the long-term viability of this sector and its continued contribution to Canada’s economy.
In 2020, Canada was the world’s 4th largest exporter of primary aluminum, producing 3.0 million metric tons.
In 2020, Canada held the position of being the fourth largest exporter of primary aluminum globally, with a total production of 3.0 million metric tons. This statistic highlights Canada’s significant role in the global aluminum market, indicating its substantial contribution to the supply of primary aluminum worldwide. Being among the top exporters underscores Canada’s competitiveness and capability in the aluminum industry, demonstrating its ability to meet the demand for this essential metal on a global scale. This statistic also suggests that Canada plays a pivotal role in shaping the dynamics of the international aluminum trade and economy, with its substantial production volume further solidifying its position as a key player in the industry.
The textile industry in Canada is a $2 billion industry, employing around 20,000 people in 2019.
The statistic highlights the economic size and employment impact of the textile industry in Canada in 2019. With a value of $2 billion, the textile industry plays a significant role in the Canadian economy, contributing to overall GDP. The industry’s employment of around 20,000 people further underscores its importance as a source of jobs and income for a substantial workforce. These figures emphasize the industry’s scale and significance within the Canadian market, illustrating its role as a key economic sector supporting both production and employment opportunities.
In 2021, the pharmaceutical sector in Canada represented over USD 25 billion in revenue.
The statistic ‘In 2021, the pharmaceutical sector in Canada represented over USD 25 billion in revenue’ indicates the total amount of revenue generated by the pharmaceutical industry in Canada during the year 2021. This figure serves as a measure of the economic activity and financial impact of the pharmaceutical sector within the Canadian economy. The substantial revenue of over USD 25 billion highlights the significance and scale of the pharmaceutical industry in Canada, emphasizing its role as a key driver of economic growth and innovation in the country. This statistic also suggests the industry’s importance in providing essential healthcare products and services to Canadians and potentially contributing to advancements in medical research and development.
In 2019, British Columbia accounted for almost 50% of Canada’s entire aquaculture industry.
The statistic indicates that in 2019, the province of British Columbia played a significant role in Canada’s aquaculture industry, representing almost half of the total production in the country. This highlights the substantial contribution of British Columbia to Canada’s aquaculture sector, implying a strong presence and influence in terms of fish and seafood production. The statistic suggests that British Columbia has a dominant position in the aquaculture industry within Canada, indicating its importance in the national market and potentially in the global seafood trade as well.
Canada is the world’s third-largest exporter of natural gas, exporting 3.0 trillion cubic feet in 2019.
The statistic indicates that Canada is ranked as the third-largest exporter of natural gas globally based on the volume of natural gas exports in 2019, with a total of 3.0 trillion cubic feet exported. This illustrates Canada’s significant role in the international natural gas market and highlights the country’s importance in supplying natural gas to other nations. The high export volume suggests that Canada possesses abundant natural gas reserves and is capable of meeting substantial demand from international markets. This statistic underscores Canada’s position as a key player in the global energy sector and emphasizes the country’s role in contributing to the global natural gas supply chain.
The gaming industry in Canada employs over 48,000 people and contributes $4.5 billion to Canada’s GDP in 2020.
The statistic highlights the significant economic impact of the gaming industry in Canada in 2020. Employing over 48,000 individuals, the industry plays a crucial role in creating job opportunities and supporting livelihoods. Additionally, the industry’s contribution of $4.5 billion to Canada’s GDP underscores its substantial financial importance to the country’s economy. This data showcases not only the scale of the gaming sector in Canada but also its overall contribution to national employment and economic prosperity.
Canada’s aerospace industry exported $18 billion worth of goods in 2019.
The statistic indicates that in 2019, Canada’s aerospace industry generated a total export value of $18 billion through the sale of goods internationally. This figure represents the amount of aerospace products and services that were produced within Canada and sold to foreign markets. The high export value suggests that the Canadian aerospace industry plays a significant role in the global market, contributing to the country’s economy and showcasing the industry’s competitiveness on a global scale. The export of $18 billion worth of goods highlights the importance of the aerospace sector to Canada’s economy and its ability to compete successfully in the international market.
Conclusion
Overall, analyzing the industry statistics in Canada provides valuable insights into the country’s economic landscape. By examining key indicators such as employment rates, GDP contributions, and market trends, we can better understand the opportunities and challenges present in various sectors. These statistics play a crucial role in informing decision-making processes for businesses, policymakers, and investors looking to engage with the Canadian market. It is clear that staying informed about the latest industry statistics is essential for staying competitive and adapting to the ever-evolving economic environment in Canada.
References
0. – https://www.www.ibisworld.com
1. – https://www.www150.statcan.gc.ca
2. – https://www.tradingeconomics.com
3. – https://www.www.nrcan.gc.ca
4. – https://www.www.ic.gc.ca
5. – https://www.www.dfo-mpo.gc.ca
6. – https://www.www.statista.com
7. – https://www.www.theesa.ca
8. – https://www.lop.parl.ca
