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The broader oil and gas sector ¹ has been and continues to be a significant contributor to the Canadian economy. Compared to the narrow oil and gas extraction sector, which accounted for about 3.1% of GDP in 2017, the broader oil and gas sector includes the direct and indirect effects of oil and gas extraction and oil investment and natural gas in the economy.
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The impact of the broader oil and gas sector on GDP, employment and output (production of goods and services) in key sectors of the Canadian economy is not well known, either in the region or outside the regions and provinces where such resource activities take place . Relevant to current debates about the region’s importance to Canada’s future.
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In this newsletter, we examine the impact of the broader oil and gas sector on the Canadian economy in 2017. We chose the year 2017 due to the availability of Statistics Canada supply and use data. The Supply and Use Table provides a detailed record of the Canadian economy and provides information by industry, product, province, region and end-use data.
The analysis presented here includes not only the direct impact of the oil and gas sector on the overall Canadian economy in terms of nominal GDP, employment and output, but also the indirect impact such activities have on other major Canadian industries.
Despite a severe drop in oil and gas prices and a decline in economic activity between 2014 and 2017, the direct and indirect share of the oil and gas sector in Canada’s GDP remains low, at 6.4% in 2017 , according to the clues. Impact on the Canadian economy.
Canada’s oil and gas sector has direct and indirect impacts on national and provincial economies, including GDP, employment and output generated in other major industries.
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In 2017, GDP related to Canada’s oil and gas sector totaled $128 billion, or 6.4 percent of the total Canadian economy.
In 2017, the output, or value, of goods and services produced by Canada’s oil and gas sector and its supply chain was $241 billion, representing about 6.4 percent of Canada’s gross domestic product (see .Table 1).
In 2017, there were a total of 611,362 jobs associated with Canada’s oil and gas sector – 216,285 direct and 395,077 indirect – representing approximately 3.2 per cent of all jobs across Canada (see Table 2).
In 2017, the total compensation paid to workers in the oil and gas extraction sector alone was over $13.3 billion (Statistics Canada, 2021f).
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Source: Adapted table of supply and use tables, derived from Statistics Canada, 2017. Detailed Analysis: The Impact of the Oil and Gas Sector on Major GDP Sectors of the Canadian Economy
Canada’s oil and gas sector activities account for significant portions of GDP in major industries across Canada. They range from about $370 million in GDP for Canada’s North American Industry Classification System (NAICS) for office administrative services, or 4.1 percent of that region’s GDP, to about $3.2 billion, or 11.4 percent of GDP for machinery and equipment. , and supplies wholesalers (see Table 3).
Source: Adapted Supply and Use Table Table derived from Statistics Canada, 2017. Output (value of goods and services produced)
The oil and gas industry and its supply chain purchased about $139 million worth of goods and services from Canada’s NAICS general merchandise trade sector, or 0.8 percent of that sector’s total output. Oil and gas producers and suppliers also purchased more than $7.1 billion in goods and services from the architectural engineering and related services sector in Canada, or 19 per cent of this industry’s total output (see Table 4).
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In 2017, Canada’s oil and gas sector accounted for just 1,658 jobs in the telecommunications sector (or 1.3 per cent of all jobs in this sector) compared to 33,467, or 15.2 per cent of jobs created in other sectors. All jobs in the field of architectural engineering and related services (see Table 5).
Activities in the broader Canadian oil and gas sector are indirectly responsible for much of the GDP, employment and production in key industries across Canada. The impact of the broader Canadian oil and gas sector on the Canadian economy, both direct and indirect
And the indirect effects of oil and gas extraction and oil and gas investment are significant — even with the declines in energy prices in 2017. The broader sector’s impact was 3.2 percent of all direct and indirect positions of work in Canada that year and a direct and indirect contribution of 6.4 per cent to Canada’s total GDP and gross product or market for goods and services. The direct oil and gas contract extraction sector accounted for 3.2% of GDP in 2017.
This CEC newsletter was written by Lenny Kaplan at the Canadian Energy Center (). The authors and the Canadian Energy Center would like to thank and acknowledge the assistance of an anonymous reviewer in reviewing the original data and research for this newsletter. Image credit: Devon MacKay from Unsplash.com
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Friends, G. Kent and Jennifer Winter (2018), Getting to Know the Models: A Primer and Critique of Input-Output and Computational General Equilibrium Models and Their Uses for Policy and Project Analysis, University of Calgary, School of Public Policy ? Statistics Canada (2018), National and Provincial Multipliers, Surveys and Statistical Programs – Document: 15F0046X ; Statistics Canada (2020), Decline in Canadian oil and gas production and investment and its impact on the economy, July 2020, Economic Insights, 11-626-X, No. 109 ; Statistics Canada (2021a), Table 34-10-0035-01: Capital and maintenance expenditures, tangible non-residential property, by industry and geography ; Oil and gas adjustment tables from Statistics Canada (2021b), Supply and Use Tables 2017. Statistics Canada (2021c), Table 36-10-0400-01: Gross Domestic Product (GDP) in Key prices, by industry, provinces and territories, Percentage Share : Statistics Canada (2021d ) ), Table 36-10-0401-01: Gross Domestic Product (GDP) at basic prices, per branch (x 1, 000, 000) ; Statistics Canada (2021e), Table 36-10-0402-01: Gross Domestic Product (GDP) at basic prices by industry, provinces and territories (x 1,000,000) ; Statistics Canada (2021f), Table 36 10-0480-01: Labor Productivity and Related Measures by Business Sector by Industry and by Non-Business Activity corresponding to Industry Accounts . Statistics Canada (2021g), Table 36-10-0488-01: Output, by sector and industry, provincial and territorial (x 1,000,000). ; Statistics Canada (2021h), Table 36-10-0478-01: Supply and use tables, Level of detail, provincial and territorial (x 1,000) ; Statistics Canada (2021i), Supply, Use and Input-Output Tables, 2019 .
The estimates presented in this paper are derived from the Supply and Use Tables (SUT) of the Canadian oil and gas industry as a result of the Statistics Canada adjusted table. SUTs capture and account for the production of products by domestic industries, the import of products and their use, whether as inputs, final consumption, investment or exports. The most recent SUTs are for calendar year 2017. The total direct and indirect impact of the oil and gas industry on the Canadian economy can be measured using input-output multipliers derived from SUTs. According to Statistics Canada (2018), these multipliers “provide a measure of the interdependence between the industry and the rest of the economy” (Statistics Canada, 2018, National and Provincial Multipliers, Surveys and Statistical Programs, Document: 15F0046X). As Statistics Canada notes, despite the delay from 2017 data, the structure of the Canadian economy is evolving slowly, so the delay should have minimal impact on GDP, employment and output estimates (Statistics Canada, Economic Insights, 11. -626-X, No 109, Canadian Oil and Gas Production and Investment Decline and Its Impact on the Economy, July 2020. This prospectus applies the same concepts and definitions to oil and gas extraction activities used by Canada North American Industry Classification System (NAICS ), Canada 2012 Canadian SUTs Uses the Supply and Use Product Classification (SUPC) system, a variation based on the North American Product Classification System (NAPCS), to classification of products within the economy.
Using Statistics Canada terminology, we define the broader Canadian oil and gas sector as the sum of oil and gas exports (NAICS 211) and oil and gas investments. For purposes of NAICS and NAPCS, oil and gas extraction includes facilities primarily engaged in the operation of oil and gas field properties. Such activities may include exploration for crude oil and natural gas. well drilling, completion and equipment. functional separators, emulsion breakers, dewatering equipment and field gathering lines for crude oil. and all other activities for the preparation of oil and natural gas from the production property to the point of shipment. This subsector includes the production of oil through the gasification, liquefaction and cracking of coal in place of the mine, the mining and extraction of oil from oil shale and oil sands, and the production of gas and liquid hydrocarbons. Investments in oil and natural gas
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