Highlights from ‘Canada GDP by Industry, January 2025’
The following statistics were released from the Economics and Statistics Division on March 28, 2025. For full details from this dataset, click here.
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%
- 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