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January 31, 2024CANADA GDP BY INDUSTRY, NOVEMBER 2023 
Month-over-month (November 2023 vs October 2023)
Real Gross Domestic Product (GDP) in Canada grew 0.2% in November 2023 with an annualized value of $2,212 billion (chained 2017 dollars at basic prices). Goods-producing industries grew 0.6% in November while service-producing industries were up slightly (+0.1%).
Four of the five goods-producing industries grew in November 2023. The fastest growth was in agriculture, forestry, fishing (+2.4%), followed by utilities (+1.4%), manufacturing (+0.9%) and mining, oil and gas (+0.3%). Construction declined 0.2% for the month.
Real GDP in Canada's services-producing industries edged up (+0.1%) from October to November 2023.
Eight sub-sectors recorded growth in November. The largest gains were recorded in transportation and warehousing (+0.8%) and wholesale trade (+0.7%). The largest declines were in management of companies (-7.8%) and education (-0.3%).
Year-to-Date (January-November 2023 vs January-November 2022)
The Canadian economy was 1.4% larger in the first eleven months of 2023 when compared to the same period in 2022.
Real GDP from goods producing industries was down 0.7% with faster losses in agriculture, forestry and fishing.
Real GDP from services-producing industries was up 2.2% with year-to-date gains in most industries. The strongest increases were in arts/entertainment/recreation (+14.5%) as well as accommodation and food services (+6.2%). The largest decline was reported in management of companies (-33.8%).
Source: Statistics Canada, Table 36-10-0434-01 Gross domestic product (GDP) at basic prices, by industry, monthly (x 1,000,000)
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