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:
December 22, 2023CANADA GDP BY INDUSTRY, OCTOBER 2023 
Month-over-month (October 2023 vs September 2023)
Real Gross Domestic Product (GDP) in Canada was virtually unchanged (+0.03%) in October 2023 with an annualized value of $2,208 billion (chained 2017 dollars at basic prices). Service-producing industries were up slightly (+0.1%) in October while goods-producing industries were essentially unchanged.
Three of five goods-producing industries grew in October 2023. Declines in construction (-0.1%) and manufacturing (-0.6%) were largely offset by gains in mining, oil and gas (+1.0%), agriculture, forestry, and fishing (+1.1%) and utilities (+0.02%).
Real GDP in Canada's services-producing industries edged up (+0.1%) from September to October 2023.
Seven sub-sectors recorded growth in October. The largest gains were recorded in retail (+1.2%) and accommodation and food services (+0.9%). The largest declines were in management of companies (-2.5%) and wholesale (-0.7%).
Year-to-Date (January-October 2023 vs January-October 2022)
The Canadian economy was 1.5% larger in the first ten months of 2023 when compared to the same period in 2022.
Real GDP from goods producing industries was down 0.6% 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 (+15.0%) as well as accommodation and food services (+6.5%). The largest decline was reported in management of companies (-33.4%).
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
