how much of canada's gdp is oil
Economy of Canada Canada is one of the few developed nations that is a net exporter of energyâ€”in 2009 net exports of energy products amounted to 2.9% of GDP. Most important are the large oil and gas resources centred in Alberta and the Northern Territories, but also present in neighbouring British Columbia and Saskatchewan. The vast Athabasca oil sands give Canada the world's third largest reserves of oil after Saudi Arabia and Venezuela according to USGS. In British Columbia and Quebec, as well as Ontario, Saskatchewan, Manitoba and the Labrador region, hydroelectric power is an inexpensive and relatively environmentally friendly source of abundant energy. In part because of this, Canada is also one of the world's highest per capita consumers of energy.[69][70] Cheap energy has enabled the creation of several important industries, such as the large aluminium industries in British Columbia [71] and Quebec.[72]
Forestry in Canada Forestry is a major industry in Canada, contributing over $23 billion to the economy in 2010. In the same year, over 190,000 people were directly employed by the forestry industry, contributing 1.3 percent of total employment and $8.8 billion in wages in 2009. The majority of forestry employees are found in Quebec, British Columbia and Ontario.[1] As of 2011, Canada contributed 10 percent of the world's sawnwood, 10 percent of the pulp for paper, 9 percent of the industrial roundwood, 4 percent of the wood-based panels and 3 percent of the paper and paperboard.[6] In 2010, Canada enjoyed a significant surplus in their balance of trade, mainly due to being the second-largest exporter of forestry products globally.[1] Much of this is exported, with Canada exporting 20 percent of the world's sawnwood, 18 percent of the pulp for paper, 8 percent of the paper and paperboard, 5 percent of the industrial roundwood and 5 percent of the wood-based panels.[7]