Canada’s Natural Resources Sector Output Rises 2020–2024

Canada’s natural resources sector output grew steadily between 2020 and 2024, according to Statistics Canada. Total output rose from $450,040 million in 2020 to $716,539 million in 2024, a 59 % increase. The energy sub‑sector, which represents the largest component, increased from $240,025 million to $445,762 million, driven by higher crude oil and natural gas production. Energy extraction climbed from $93,109 million in 2020 to $226,677 million in 2024, with crude oil output rising from $69,868 million to $171,513 million. The forest sub‑sector grew from $56,548 million to $62,326 million, while the mineral and mining sub‑sector expanded from $140,291 million to $197,705 million. These figures show a broad‑based rise in Canada’s resource‑related economic activity.

© Statistics Canada.
This text is licensed under the Statistics Canada Open Licence (https://www.statcan.gc.ca/eng/developers/open-licence ).

This article is a summary of content originally published by Statistics Canada.
Full text can be viewed at:

source

Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.


Posted