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July 31, 2026CANADA GDP BY INDUSTRY, MAY 2026 Month-over-month (May 2026 vs April 2026)
Real Gross Domestic Product (GDP) in Canada was up by 0.3% in May 2026, with gains in service and goods-producing industries.
Real GDP in Canada's goods-producing industries rose by 0.6% from April to May.
Real GDP in Canada's services-producing industries rose 0.2% from April to May.
In May 2026, 15 of Canada's key industry sub-sectors reported real GDP growth compared to the previous month.
Among goods-producing industries, the only decline was in agriculture/forestry/fishing, with the highest gain in mining/oil/gas. Mining, quarrying, and oil and gas extraction rose 1.0% in May, driven by increases in oil and gas extraction, along with support activities for the mining, and oil and gas extraction subsectors. The construction sector rose 0.8% in May, led by gains in engineering and other construction activities and residential construction, driven by multi-unit housing. The manufacturing sector grew 0.3% in May.
Service-producing industries reported real GDP growth of 0.2% compared to April. Growth was reported in 11 subsectors, led by accommodation/food services and public administration. The public sector aggregate (comprising educational services, health care and social assistance, and public administration) expanded 0.3% in May. Company management reported the fastest decline, though this is a relatively small industry.
Year-to-date (January-May 2026 vs January-May 2025)
The Canadian economy was 0.9% larger in the first five months of 2026 when compared to the same period of 2025.
Real GDP from goods-producing industries grew 0.1% as declines in manufacturing and utilities were offset by gains in agriculture/forestry/fishing, mining/oil/gas, and construction.
Real GDP from services-producing industries was up 1.3% with gains in most industries. The strongest gains were in information/culture, finance/insurance, and transportation/warehousing. Notable declines were reported in company management (though this is a small industry) and education.
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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