KYC Economy - Natural Resources Contribution

Natural Resources Sectors contributed to nominal GDP (% of GDP), Canada

2024
Natural Resources Sectors contributed to nominal GDP (% of GDP): 16
View raw data table
Raw chart data
YearNatural Resources Sectors contributed to nominal GDP (% of GDP)
201517
201616
201717
201817
201916.9
202015.5
202117.1
202219.2
202317.2
202416
Source: Government of Canada, 10 key facts on Canada's natural resources; Natural Resources Canada, Individual Report of Energy sector, Mineral sector and Forest sector

Information

Data:

2015 - 2024; 2023 is calcuated by individual report of energy, mineral and forest sector.

Info:

Max in 2022, 18%

Min in 2020, 15.5%

To identify the characteristic of Canada economy structure comparing to G7, seeTotal Natural Resources Rents (% of GDP), G7.

In 2021, Canada (1st): 4.95%, United States (2nd): 1.28%, France (7th): 0.03%.

To track and understand natural resrouces contribution to GDP of Canada, see

1)Natural Resources Sector (GDP), Canada

2)Natural Resources Sectors contributed to nominal GDP (% of GDP), Canada

Insights:

1)Three Differentiating Factors Behind Canada's GDP among G7

2)Without those 3 tricks and the historically low-interest-rate environment, what would be left?

Latest Data: 2024

Latest figures for the natural resources sectors' share of Canada's nominal GDP, as of 2024. Source: Government of Canada, 10 key facts on Canada's natural resources; Natural Resources Canada, Individual Report of Energy sector, Mineral sector and Forest sector.

  • Natural Resources (% of Nominal GDP): 16.0% (down 1.2 percentage points from 2023).
Recent data (10 periods)
PeriodNatural Resources (% of Nominal GDP)
202416.0%
202317.2%
202219.2%
202117.1%
202015.5%
201916.9%
201817.0%
201717.0%
201616.0%
201517.0%