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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

November 29, 2022

Month-over-month (September 2022 vs August 2022)

Real Gross Domestic Product (GDP) in Canada edged up slightly (+0.1%) to an annualized value of $2,072 billion (chained 2012 dollars at basic prices) in September 2022. This was the sixth consecutive month of growth ranging between 0.1% and 0.3%.     



Canada's goods-producing sector output expanded 0.3% from August to September 2022 with declines particularly concentrated in utilities (-1.0%) and manufacturing (-0.1%). Real GDP from Canada's agriculture/forestry/fishing, mining/oil/gas, and construction industries were up. 

Real GDP in Canada's services-producing industries was up slightly at 0.04% from August to September. Arts/entertainment/recreation real GDP was up 0.5%  as well as professional/technical (+0.5%). Health care was up (+0.4%), as well as information/culture (+0.4%), and other services (+0.4%). Transportation/warehousing increased 0.1%. Real GDP was down for company management (-3.1%), and accommodation/food services (-0.8%). Real GDP was also down for public administration (-0.2%), retail (-0.1%) and  wholesale (-0.1%).


Year-to-Date (January-September 2022 vs January-September 2021)

The Canadian economy was 4.1% larger in the first nine months of 2022 when compared to the same period in 2021. 

Real GDP from goods producing industries was up 3.8% with faster gains in natural resources industries.  

Real GDP from services-producing industries was up 4.2% with year-to-date gains in all industries except management of companies (-24.3%). The strongest increases were in arts/entertainment/recreation (+45.8%) as well as accommodation and food services (+28.2%). There were notable increases in personal/repair services (+10.1%), transportation/warehousing (+9.5%), professional/technical services (+7.7%), as well as information/cultural industries (+5.0%) .




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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