10KEY FACTS on Canada’s Natural Resources
August 2014
@NRCan
© Her Majesty the Queen in Right of Canada, as represented by the Minister of Natural Resources, 2014
$675 Billion $30 Billion/year
$235 Billion
173 Billion barrels in Canada 28%
33% by 2035
Billio
n Doll
ars
FOREST
600
450
300
50
0ENERGY MINERALS AND METALS
$509 B
$165 B$1.6 B
Canada’s natural resource exports were valued at $235 B in 2013. Main export destinations: USA (76%), United Kingdom (5%) and China (5%).
Canada has the 3rd Largest oil reserves in the world, behind Venezuela and Saudi Arabia.
In 2012, greenhouse gas emissions per barrel in the oil sands were 28% lower then they were in 1990.
The oil sands sector represents 8.7% of Canada’s total GHG emissions and approximately 0.1% of global emissions.
For about 200 communities across Canada, the forest sector makes up at least 50% of the economic base.
1.8 Million jobs
OTHER SECTORS (16, 000,000 jobs)
NATURAL RESOURCES
900,000 indirect jobs
Canada’s natural resource sectors contributed to approximately 19% of nominal GDP in 2013.19% of GDP
FOREST 1%MINERALS AND METALS 3%
ENERGY 10%
90% of increase expected to come from non-OECD countries
10% of increase expected to come from OECD countries and inter-regional sources
GHG emissions, other sectors
5%
14%81%
Natural Resources indirect
Natural Resourcesdirect
Other Sectors
In 2013 natural resources directly and indirectly accounted for almost 1.8 million jobs in Canada.
Amount governments have derived annually on average from the natural resource sectors (2008–2012).
$675 B worth of investments in natural resources projects are under construction or planned over the next 10 years.
Canada ranks among the top 3 global producers for potash (1st), uranium (2nd) and aluminum (3rd).
Global demand for energy is projected to increase 33% by 2035, meaning new export market opportunities for Canada.
76%($179 B)
5%($11 B)
5%($11 B)
VenezuelaSaudi Arabia
CanadaIranIraq
Kuwait
173
Billions of barrels
298
268
157
140
104
Main Export Destinations
GHG emissions, oil sands sector
8.7%
91.3%
Global ranking 200 Communities
12 3Uranium Potash Aluminum
900,000 jobs
FOREST200,000 jobs
MINERALS AND METALS400,000 jobs
ENERGY300,000 jobsData Source: Natural Resources Canada estimates, based on
Statistics Canada data (National Accounts)Data Source: Natural Resources Canada estimates, based on Statistics Canada data (National Accounts)
Data Source: U.S. Geological Survey Data Source: Natural Resources Canada calculations, based on Statistics Canada data
Data Sources: Natural Resources Canada, provincial and territorial governments, specialized databases, various company websites
Data Source: Natural Resources Canada calculations, based on Statistics Canada data Data Source: International Energy Agency
Data Sources: Natural Resources Canada estimates based on Statistics Canada data, Canadian Association of Petroleum Producers, Mining Association of Canada, Canadian Council of Forest Ministers
Data Source: Natural Resources Canada calculations, based on Environment Canada dataData Sources: Canadian Association of Petroleum Producers, Energy Resources Conservation Board, Oil and Gas Journal
1 EMPLOYMENT 2 GROSS DOMESTIC PRODUCT
3 MAJOR PROJECTS 4 GOVERNMENT REVENUE
5 EXPORTS 6 WORLD ENERGY DEMAND
8 GHG EMISSIONS7 WORLD OIL RESERVES
10 FOREST COMMUNITIES9 MINERALS AND METALS PRODUCTION