The Latest Canadian Industry Statistics Explained
The manufacturing sector contributed $174.7 billion to Canada’s GDP in 2020.
The statistic “The manufacturing sector contributed $174.7 billion to Canada’s GDP in 2020” indicates the total value added by the manufacturing industry to Canada’s economy within that year. This figure represents the sum of all goods produced within the manufacturing sector, less the cost of intermediate goods used in the production process. As one of the key sectors driving economic growth and employment in Canada, the manufacturing industry’s significant contribution to the GDP highlights its importance in the overall economic landscape. This statistic can be used to assess the sector’s performance, track economic trends, and inform policy decisions aimed at supporting and promoting further growth and innovation within the manufacturing sector.
The processing, manufacturing, and utilities sector employs over 1.7 million people in Canada.
The statistic “The processing, manufacturing, and utilities sector employs over 1.7 million people in Canada” highlights the significant role that this sector plays in the Canadian economy by providing employment opportunities to a large number of individuals. This sector encompasses various industries involved in transforming raw materials and resources into finished goods and services, as well as providing essential utilities such as electricity, water, and gas. The employment of over 1.7 million people in this sector indicates its substantial contribution to the labor market and emphasizes its importance in generating economic activity and supporting livelihoods across the country.
Canada’s oil and gas extraction industry contributed $76.4 billion to the GDP in 2018.
The statistic that Canada’s oil and gas extraction industry contributed $76.4 billion to the GDP in 2018 highlights the significant economic impact of the industry on the Canadian economy. This sector plays a crucial role in driving economic growth, creating jobs, and generating revenue for the government. The large contribution to the GDP reflects the substantial value of oil and gas extraction activities in terms of production output and overall economic productivity. This statistic emphasizes the importance of the oil and gas industry as a key economic driver in Canada, underlining its influence on the country’s overall economic performance and stability.
In 2019, Canada exported $24.7 billion worth of goods to China, its second largest trading partner.
The statistic indicates that in 2019, Canada conducted significant trade with China, its second largest trading partner. Specifically, Canada exported goods totaling $24.7 billion to China during that year. This figure highlights the substantial volume of economic activity between the two countries, underscoring China’s importance as a key destination for Canadian exports. The strong trade relationship between Canada and China has likely benefited both economies by fostering economic growth, increasing market access, and promoting business opportunities. Monitoring and fostering this trade relationship is crucial for both countries to continue to capitalize on the benefits of mutually beneficial trade.
The automotive industry contributes over $20 billion annually to Canada’s GDP.
The statistic that the automotive industry contributes over $20 billion annually to Canada’s GDP indicates the significant economic impact of this sector on the country’s overall output. This figure represents the total value of goods and services produced by the automotive industry within Canada’s borders in a given year. The industry’s contribution to GDP includes not only the direct production of vehicles but also encompasses related activities such as manufacturing parts, sales, and maintenance services. Given the size of this contribution, it highlights the importance of the automotive sector as a key driver of economic growth, employment, and overall prosperity within Canada.
In 2016, the mining industry contributed $97 billion or 5% to Canada’s total GDP.
The statement “In 2016, the mining industry contributed $97 billion or 5% to Canada’s total GDP” indicates that the mining sector, which includes activities such as extraction of minerals and metals, generated $97 billion worth of economic output in Canada in 2016. This amount accounted for 5% of the country’s total Gross Domestic Product (GDP) during that year. This statistic highlights the significant impact of the mining industry on Canada’s economy, showcasing its importance as a key sector in driving economic growth and contributing to the overall prosperity of the country.
Canada’s forest industry supports more than 210,000 jobs in urban and rural parts of the country.
The statistic that Canada’s forest industry supports more than 210,000 jobs in both urban and rural areas of the country highlights the significant economic contribution and employment opportunities provided by this sector. The forestry industry plays a crucial role in Canada’s economy, creating jobs not only in the traditional rural communities where forestry operations are located, but also in urban centers where processing, manufacturing, and distribution activities take place. These jobs span a wide range of roles, from forestry workers harvesting timber to engineers developing new technologies for sustainable forest management, contributing to both local economies and the overall prosperity of the nation. This statistic underscores the importance of the forest industry as a key driver of employment and economic growth in Canada.
The food manufacturing industry in Canada is the second largest manufacturing industry in the country in terms of value of production.
The statistic indicates that the food manufacturing industry holds the second position in Canada in terms of the value of production among all manufacturing sectors, showcasing its significant economic importance within the country. This suggests that the production output and contribution of the food manufacturing industry to the Canadian economy are substantial. The ranking implies that the industry plays a key role in providing employment opportunities, generating revenue, and meeting the food needs of the population. Additionally, this statistic highlights the competitive nature of the food manufacturing industry in Canada and underscores its relevance in driving economic growth and stability within the manufacturing sector of the country.
The forestry industry accounted for 1.27% of Canada’s GDP in 2018.
The statistic “The forestry industry accounted for 1.27% of Canada’s GDP in 2018” indicates the proportion of the total economic output attributed to the forestry sector within Canada for the specified year. This percentage suggests that the forestry industry played a relatively small but still significant role in contributing to the overall economic performance of the country in 2018. It highlights the industry’s contribution to the creation of jobs, generation of income, and overall economic growth within Canada, emphasizing its impact on the national economy. Additionally, this statistic can be used to assess the sector’s relative importance within the economy and to make comparisons with other industries or track changes in its economic significance over time.
In 2020, the GDP of the construction industry in Canada was approximately $141.2 billion.
The statistic stating that the GDP of the construction industry in Canada was approximately $141.2 billion in 2020 represents the total value of all goods and services produced within the construction sector during that year. It provides insight into the economic contribution of the construction industry towards Canada’s overall gross domestic product. This figure demonstrates the significance of the construction sector in the Canadian economy, highlighting its substantial size and importance in driving economic growth and creating employment opportunities. The GDP figure serves as a key indicator for policymakers, businesses, and investors to assess the performance and health of the construction industry and make informed decisions regarding resource allocation and strategic planning.
The telecommunication industry in Canada generated over $53 billion in revenues in 2019.
The statistic stating that the telecommunication industry in Canada generated over $53 billion in revenues in 2019 reflects the substantial economic impact and scale of this industry within the Canadian market. The significant revenue figure highlights the importance of telecommunications services in the country, indicating a high level of demand and consumption of telecommunication products and services by businesses and consumers. This data suggests that the telecommunication sector in Canada plays a crucial role in driving economic activity and contributing to overall GDP, demonstrating its significance as a key pillar of the Canadian economy.
In 2019, the utility system construction industry in Canada employed 144,734 persons.
The statistic indicates that in 2019, the utility system construction industry in Canada had a total employment of 144,734 individuals. This figure reflects the number of people working in various roles within the industry, such as construction workers, engineers, project managers, and support staff. The employment data provides insight into the size and significance of the utility system construction sector in Canada, highlighting its role in the economy and the level of human capital involved in delivering infrastructure projects related to utilities like water, electricity, and telecommunications. Analyzing trends in employment within this industry can offer valuable information on workforce dynamics, labor market conditions, and overall industry growth.
The wholesale trade industry contributed $96.1 billion to Canada’s GDP in 2020.
The statistic stating that the wholesale trade industry contributed $96.1 billion to Canada’s Gross Domestic Product (GDP) in 2020 represents the total value of goods bought and sold by wholesalers within the country during that year. Wholesale trade is a critical sector of the economy that acts as an intermediary between manufacturers and retailers, playing a significant role in the supply chain and distribution of goods. The $96.1 billion contribution underscores the industry’s importance in stimulating economic activity and generating revenue. This statistic indicates the size and impact of the wholesale trade industry on the overall economic performance of Canada in 2020, highlighting its substantial financial contribution to the country’s GDP.
In 2021, the pharmaceutical and medicine manufacturing industry in Canada had a GDP of over $4.63 billion.
The statistic that the pharmaceutical and medicine manufacturing industry in Canada had a GDP of over $4.63 billion in 2021 indicates the significant economic contribution of this industry to the country’s overall economy. This figure represents the total value of goods and services produced within the industry during the specified period. A high GDP for this sector suggests robust growth, investment, and productivity, signaling a pivotal role in driving economic activity, creating jobs, and fostering innovation within the Canadian economy. The pharmaceutical and medicine manufacturing industry is crucial for advancing healthcare outcomes, research and development, and global competitiveness, making it an integral component of Canada’s economic landscape.
The retail trade sector contributed $93.9 billion to Canada’s GDP in 2020.
The statistic that the retail trade sector contributed $93.9 billion to Canada’s GDP in 2020 indicates the total value of goods and services produced by businesses in the retail industry within Canada’s economy for that year. This contribution is significant as it demonstrates the economic importance of the retail trade sector in driving economic growth and overall prosperity in the country. The GDP figure represents the sum of all expenditures made throughout the production process, including consumer spending on retail goods, investments made by businesses within the sector, and government purchases of goods and services. As such, a robust retail trade sector not only reflects consumer demand and market activity but also plays a crucial role in shaping the country’s economic landscape.
In 2019, the professional, scientific and technical services industry in Canada contributed $97.1 billion to the GDP.
The statistic that the professional, scientific and technical services industry in Canada contributed $97.1 billion to the GDP in 2019 signifies the significant economic impact of this sector on the overall Canadian economy. This industry includes a wide range of professional services such as legal, accounting, engineering, scientific research, and consulting, among others. The substantial contribution to the GDP highlights the industry’s role in driving economic growth, creating employment opportunities, and fostering innovation and knowledge-based activities in Canada. The statistic underscores the importance of this industry in supporting the country’s competitiveness and productivity by providing essential services to businesses across various sectors, ultimately enhancing Canada’s economic performance.
As of 2019, there were 1,374 software and computer services industry establishments in the Canadian province of British Columbia.
The statistic “As of 2019, there were 1,374 software and computer services industry establishments in the Canadian province of British Columbia” indicates the number of businesses within the specified industry operating in the region during that year. This figure represents the total count of establishments engaged in providing software development, IT services, and other computer-related services in British Columbia. The statistic offers insight into the size and scope of the technology sector in the province, highlighting the significant presence of software and computer services businesses and their contribution to the local economy. This information can be valuable for policymakers, investors, and researchers interested in understanding the landscape of the technology industry in British Columbia.
The broadcasting and telecommunications industry contributed $53.6 billion to Canada’s GDP in 2018.
The statistic that the broadcasting and telecommunications industry contributed $53.6 billion to Canada’s GDP in 2018 signifies the significant economic impact of this sector on the overall economy of the country during that year. This figure includes the value of all goods and services produced by companies within the broadcasting and telecommunications industry, reflecting its contribution to the total economic output of Canada. The sizeable GDP contribution highlights the industry’s importance in generating revenue, creating employment opportunities, and driving economic growth within Canada’s broader economy through its various activities such as broadcasting services, telecommunications infrastructure development, and technological advancements.
In 2021, the value of building construction in Canada was over $152 billion.
The statistic stating that the value of building construction in Canada was over $152 billion in 2021 represents the total amount spent on constructing various buildings across the country during that year. This figure encompasses a wide range of construction projects, including residential, commercial, industrial, and institutional buildings. The value of building construction is a key indicator of economic activity and growth within the construction sector, reflecting the level of investment in infrastructure and real estate development. The significant amount of over $152 billion highlights the importance of the construction industry in contributing to Canada’s economy and creating employment opportunities. This statistic provides valuable insight into the scale and impact of construction activities in the country during the specified year.
References
0. – https://www.www150.statcan.gc.ca
1. – https://www.web.archive.org
2. – https://www.www.ic.gc.ca
3. – https://www.www.nrcan.gc.ca
4. – https://www.crtc.gc.ca
5. – https://www.www.statista.com
6. – https://www.www5.agr.gc.ca
