Energy Industry Canada

Canada's Energy Sector: A Driving Force in the Economy

Key Statistics

Canada's energy sector played a significant role in the country's economy in 2022, contributing an estimated 11.8% of nominal Gross Domestic Product (GDP). The sector accounted for 32% of total Canadian goods exports in 2021, with energy exports amounting to $240.5 billion. Of the $140 billion in domestic oil and gas exports, 96% were destined for the United States.

Driving Growth and Sustainability

The Energy Fact Book, a comprehensive resource on energy markets in Canada, provides valuable insights into the sector's performance. This data serves as a cornerstone for policymakers, industry leaders, and researchers to understand and address key challenges and opportunities in the Canadian energy landscape.

Canada's energy transformation presents both complexities and growth potential. As a major producer, consumer, and exporter of energy, the country must balance its economic interests with its commitment to environmental sustainability. By leveraging innovation, collaboration, and strategic investments, Canada can position itself as a leader in the energy transition and continue to drive economic prosperity.