The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
July 31, 2024CANADA GDP BY INDUSTRY, MAY 2024 Month-over-month (May 2024 vs May 2024)
Real Gross Domestic Product (GDP) in Canada was up 0.2% in May following 0.3% growth in April 2024.
![](https://novascotia.ca/finance/statistics/media/20240731-caGDP_INDm1.jpg)
![](https://novascotia.ca/finance/statistics/media/20240731-caGDP_INDm2.jpg)
Real GDP in Canada's goods producing industries was up 0.4% from April to May 2024.
![](https://novascotia.ca/finance/statistics/media/20240731-caGDP_INDm3.jpg)
Real GDP in Canada's services-producing industries was up 0.1% from April to May 2024.
![](https://novascotia.ca/finance/statistics/media/20240731-caGDP_INDm4.jpg)
In May 2024, most industries have grown from the previous month. Among broad industries, monthly GDP gains were strongest for agriculture/forestry/fishing, manufacturing, and accomodation/food services. The only declines were reported for mining/oil/gas, wholesale, retail, management of companies, and administrative/business support services (including call centres).
![](https://novascotia.ca/finance/statistics/media/20240731-caGDP_IND5.png)
Year-to-date (January-May 2024 vs January-May 2023)
The Canadian economy was 0.9% larger in January-May 2024 when compared to the same period of 2023.
Real GDP from goods producing industries was down 1.1% with losses across all industries except mining/oil/gas (+4.1%).
Real GDP from services-producing industries was up 1.6% with gains in most industries. The year-to-date real GDP declines were in company management (-32.8%, though this is a small industry), arts/recreation (-0.5%), information/culture (-0.6%), and administrative/support/call centres (-0.5%). The strongest increases were in transportation/warehousing (+3.5%), health/social assistance (+2.7%), and public administration (+2.3%).
![](https://novascotia.ca/finance/statistics/media/20240731-caGDP_INDm6.jpg)
Source: Statistics Canada, Table 36-10-0434-01 Gross domestic product (GDP) at basic prices, by industry, monthly (x 1,000,000)
<--- Return to Archive