Agriculture Sector Contribution to GDP in Canada (1997-2020)

Agriculture Sector Contribution to GDP in Canada (1997-2020)

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in Canada (1997-2020). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Canada
Published date: 2024
Note: Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
In Canada, the agriculture sector’s contribution to GDP remained steady from 1997 to 2004, fluctuating between 2.1% and 2.2%. This stability reflects the sector's foundational role in Canada's economy despite increasing industrial and service sectors. However, starting in 2005, agriculture's share began a gradual decline, reaching 1.5% in 2009 and remaining close to this level through the following decade. This trend is linked to Canada's shift toward higher-value industries like technology, finance, and energy.

The slight rebound to 1.8% in 2020 may be attributed to increased demand for food security during the COVID-19 pandemic, which highlighted the essential role of agriculture in sustaining the economy during global supply chain disruptions. The sector’s current stability around 1.7-1.8% demonstrates a steady agricultural contribution amidst a diversified economic structure.

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