Canadian manufacturing continues to grow
The Canadian manufacturing sector grew for the third consecutive year, with total revenue up 1.7% year over year to $935.6 billion in 2023.
Revenue from goods manufactured accounted for 93.4% of total revenue, up 1.3% to $874.2 billion in 2023.
Of the 21 subsectors, 12 saw increases in revenue from goods manufactured and 9 reported declines. Transportation equipment, food and machinery manufacturing subsectors contributed the most to the annual increase, adding a combined $36.6 billion in 2023. The increases were partially offset by a combined $26.0 billion decline in the petroleum and coal product and wood product manufacturing subsectors.
Ontario, Quebec, and Alberta accounted for over four-fifths (82.0%) of the manufacturing activities in the country in 2023, with their share of total revenue from goods manufactured in Canada increasing slightly from 2022 (81.4%).
Contact information
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