CEC Fact Sheet #68 | October 2022 T H
14 October 2022
Compared prices between 2014 and 2018, the oil and gas sector’s to the narrower oil and gas extraction sector, the broad oil direct and indirect share still produced positive effects and gas sector includes the direct and indirect impacts on on Canada’s national economy. [...] The impact of oil and gas broadly on GDP, jobs, and output (the production of goods and services) on key sectors GDP and output of the Canadian economy is not well known outside the In 2018, the GDP associated with Canada’s oil and gas industry or outside regions and provinces where the sector totaled $137.6 billion, or 6.6 percent of the total activity occurs but is relevant to current discussion. [...] - 2 - The oil and gas sector’s contribution to Canada’s national economy A primer on the Statistics Canada input/ model to address the issues related to the constraints of the model… output model and Supply and Use Tables The Statistics Canada model is an excellent Input-Output model that can become the core or basis of a GE model. [...] This subsector includes the production of oil, the mining and extraction of oil from oil shale and oil sands, and the production of gas and hydrocarbon liquids, through gasification, liquefaction, and pyrolysis of coal at the mine site. [...] >.; Statistics Canada (2020a), Contribution of the Oil and Gas Sector to the Canadian Economy in 2016; Statistics Canada (2020b), The Decline in Production and Investment in Canada’s Oil and Gas Sector and its Impact on the Economy (July), Economic Insights, Catalogue 11-626-X, No.