Conventional oil and gas production in Canada accounts for around **** percent of the country's total GDP. Between 2010 and 2024, the conventional upstream industry's economic impact has seen a net increase of some six billion Canadian dollars.

Canada's oil sands extraction industry contributes around ** billion Canadian dollars to the country's GDP. This equates to **** percent of total GDP. Since 2016, contributions by the industry, which is largely based in Alberta, have seen a net increase, rising to their highest value in 2024.

Gross Domestic Product (GDP) at basic prices, by various North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, all levels of industries, (dollars x 1,000,000), annual, 5 most recent time periods.

Canada: Revenue minus production cost of oil, percent of GDP: The latest value from 2021 is 2.83 percent, an increase from 0.89 percent in 2020. In comparison, the world average is 2.69 percent, based on data from 181 countries. Historically, the average for Canada from 1970 to 2021 is 1.51 percent. The minimum value, 0.03 percent, was reached in 2015 while the maximum of 5.02 percent was recorded in 1980.

This statistic shows the Gross Domestic Product (GDP) of Canada in February 2024, distinguished by major industry. In February 2024, the construction industry of Canada contributed about 160.97 billion Canadian dollars to the total Canadian GDP.

Canada is one of the largest producers of crude oil in the world, with a significant portion of its production coming from the oil sands located in Alberta. Learn more about Canadian crude oil production, its impact on the economy, and the ongoing debates surrounding its environmental impact.

Canada's transportation and warehousing industry had grown by 4.9 percent between February 2023 and February 2024. The mining, quarrying, and oil and gas extraction industry followed with 2.5 percent. By contrast, the sector which experienced the largest loss was the management of companies and enterprises.

In April 2025, the average monthly price of the Canadian oil benchmark Western Canadian Select amounted to ***** U.S. dollars per barrel. This was a decrease compared to the previous month. Western Canadian Select is a heavy sour blend of crude oil, produced exclusively in Western Canada. The importance of Canada’s oil sands Not only are the oil sands a vital part of the Canadian energy industry, they play a large part in the national economy as well. In 2023, the oil sands extraction industry contributed over ** billion Canadian dollars to Canada's GDP. This represented a share of **** percent of the total GDP. Furthermore, they are the largest single source of oil exports to their neighbors to the south, the United States. Oil sands are a combination of sand, water, and bitumen, and therefore a more expensive source of crude oil than conventional oil as oil sands require extensive processing. Meanwhile, that same year the contribution of conventional crude oil and gas extraction stood at ** billion Canadian dollars, which translated to **** percent of total GDP. Canada’s main oil export partner remains the U.S. In 2023, Canada’s oil exports amounted to over *** million barrels per day. This was a historical high and represented more than twice the amount exported in 2005 thanks to oil sand exploration. The United States is Canada’s main oil destination market, receiving ***** million metric tons in 2023. Far in second place came China, with *** million metric tons exported there that same year.

This statistic shows the distribution of the gross domestic product (GDP) of Alberta in 2022, by industry. In that year, the construction industry accounted for 8.27 percent of the GDP of Alberta.

This statistic shows the gross domestic product (GDP) of Alberta in 2022, by industry. In 2022, the GDP of the construction industry in Alberta was 25 billion chained 2012 Canadian dollars.

In 2023, Canada exported about 4.84 million barrels of oil per day, an increase of nearly 3.4 percent in comparison to the previous year and the highest recorded value within the period of consideration.

This statistic shows the distribution of the gross domestic product (GDP) of British Columbia, Canada in 2022, by industry. In that year, the construction industry accounted for 9.92 percent of the GDP of British Columbia.

This statistic shows the distribution of the gross domestic product (GDP) of Saskatchewan, Canada, in 2022, by industry. In that year, the construction industry accounted for 5.71 percent of the GDP of Saskatchewan.