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March 28, 2025CANADA GDP BY INDUSTRY, JANUARY 2025 Month-over-month (January 2025 vs December 2024)
Real Gross Domestic Product (GDP) in Canada grew 0.4% in January 2025 following a gain of 0.3% in December 2024.
Real GDP in Canada's goods producing industries grew 1.1% from December 2024 to January 2025.
Real GDP in Canada's services-producing industries was up 0.1% from December 2024 to January 2025.
In January 2025, 13 industries reported higher real GDP compared to the previous month. Among broad industries, monthly GDP declines were fastest for management of companies and retail trade. The largest gains were reported for utilities and mining.
Year-over-year (January 2025 vs January 2024)
The Canadian economy was 2.2% larger in January 2025 when compared to the same month in 2024.
Real GDP from goods producing industries grew 2.4% as growth in resource industries as well as construction and utilities offset a decline in manufacturing.
Real GDP from services-producing industries was up 2.2% with gains in most industries. The strongest increases were in arts/entertainment/recreation and education. The steepest decline was in company management (though this is a small industry).
Source: Statistics Canada, Table 36-10-0434-01 Gross domestic product (GDP) at basic prices, by industry, monthly (x 1,000,000)