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

The services sector in Canada demonstrated significant resilience and growth from 1997 to 2020. Starting at 62.8% in 1997, the sector's contribution remained fairly stable through the early 2000s, fluctuating around the 62-63% range. The 2008 global financial crisis marked a notable shift, with the sector rising to 66.9% in 2009, as Canada focused on stabilizing its economy with a heavier reliance on services. A steady increase followed in the mid-2010s, reaching 68% in 2016, as industries like finance, real estate, and technology became integral to economic output. By 2020, amid the COVID-19 pandemic, the services sector surged to 69.6%, reflecting the impact of increased healthcare, remote work, and digital service demand.