Yukon Bureau of Statistics

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1 Yukon Bueau of Statistics 2 9 # 1 $ > & ± 8 < 3 π ^ Highlights: Goss Domestic Poduct (GDP) by Industy at Basic Pices 2016 Yukon s eal GDP by industy fo 2016 was $2,345.3 million (in chained (2007) dollas); an incease of 8.3% following a 7.9% (evised) decease in In 2016, the lagest dolla-amount gain was in the Mining, quaying, and oil and gas extaction secto, with an incease of $169.5 million, up 62.3% fom The lagest dolla-amount decease was in the Pofessional, scientific and technical sevices secto with a contaction of $2.2 million, down 3.4% fom Gowth Rates of GDP by Industy (based on eal GDP in chained (2007) dollas) NL PEI NS NB QC ON MB SK AB BC YT NWT NU -0.4% -3.6% 1.7% 2.2% 1.0% 1.2% 1.5% 2.6% 2.1% 0.8% 1.9% 3.6% 8.3% All Industies, Povinces and Teitoies, % 9.7% 6.2% 4.3% 4.9% 4.0% All Industies, Yukon, 2007 to % 0.6% -7.9% 8.3% Ove the past ten yeas, the gowth ate of Yukon s GDP by industy vaied fom a low of -7.9% (evised) in 2015 to a high of 9.7% in In 2009 though 2012, the high gowth ate continued with an oveall declining tend. The gowth ate slowed down in 2013 and 2014, dopped to -7.9% in 2015 and then bounced back to 8.3% in Compaed to the 2014 GDP ($2,352.7 million), the 2016 GDP ($2,345.3 million) shank 0.3%. % Yukon, 2007 to 2016 All industies Goods-poducing industies Sevice-poducing industies In 2016, Yukon s GDP in the Goods-poducing industies inceased 33.5%; the Sevices-poducing industies inceased 2.3%. Between 2007 and 2016, the GDP gowth ate fo the Goods-poducing industies fluctuated consideably (fom -33.0% in 2015 to 33.8% in 2008) due mainly to activities in Mining, quaying, and oil and gas extaction. Howeve, the GDP gowth ate fo the Sevicespoducing industies fluctuated within a elatively naow magin (fom 1.0% in 2014 and 2015 to 4.2% in 2011) ove the same peiod. Note: The cuent calculation of GDP is based on the input-output stuctue of the economy in 2014 (benchmak yea). Substantial evisions in subsequent yeas can occu due to updated benchmak yea. Please see endnote 2 on page 8. The GDP of an industy epesents the value added by labou and capital in tansfoming inputs puchased fom othe industies into output. This analytical epot pesents Statistics Canada s latest estimates of Yukon s eal GDP by industy at basic pices in chained (2007) dollas. These figues ae subject to evision. GDP is one of the pimay economic indicatos used by decision-makes within the govenments and financial and othe institutions to evaluate the health of the economy. A lage incease in eal GDP is intepeted as a sign that the economy is doing well, while a small o negative incease indicates poo economic pefomances.

2 Gowth Rates of GDP by Special Industy Aggegation, Yukon, 2007 to 2016 (based on eal GDP in chained (2007) dollas) % Industial poduction Non-duable manufactuing industies Duable manufactuing industies Infomation and communication technology secto Enegy secto [See page 8 fo special industy aggegation definitions] The GDP gowth ate in Industial poduction fluctuated hugely between 2007 to 2016, fom -38.4% (evised) in 2015 to 81.9% in The Enegy secto s GDP gowth ate anged fom -22.4% in 2009 to 12.3% in The Infomation and communications technology secto s GDP gowth ate had a elatively lowe fluctuation and vaied fom -1.3% in 2012 to 14.0% in While manufactuing industies epesent less than one pecent of all industy GDP, the gowth ate fo Non-duable manufactuing industies fluctuated fom -5.1% in 2011 to 17.6% in 2012, and that fo the Duable manufactuing industies fluctuated fom -36.7% in 2013 to 38.2% in Gowth Rates of GDP by Industy, Yukon, 2012 to 2016 (based on eal GDP in chained (2007) dollas) % Compaing 2016 to 2012, the majoity of Yukon industies expeienced both positive and negative gowth ates. The lagest fluctuation occued in the Mining, quaying, and oil and gas extaction secto whee the gowth ate fluctuated fom a low of -46.0% (evised) in 2015 to a high of 62.3% in

3 Pecentage Shae of GDP by Noth Ameican Industy Classification System (NAICS), Yukon, 2016 (based on cuent dollas) Agicultue, foesty, fishing and hunting, 0.2% Mining, quaying, and oil and gas extaction, 12.8% Utilities, 1.8% Public administation, 23.1% Constuction, 7.7% Manufactuing, 0.8% Wholesale tade, 1.3% Othe sevices (except public administation), 1.4% 2016 Retail tade, 5.4% Accommodation and food sevices, 3.0% Ats, entetainment and eceation, 0.5% Tanspotation and waehousing, 3.2% Infomation and cultual industies, 3.2% Health cae and social assistance, 8.4% Educational sevices, 5.2% Finance and insuance, 3.4% Administative and suppot, waste management and emediation sevices, 1.3% Management of companies and entepises, 0.3% Pofessional, scientific and technical sevices, 2.9% Real estate and ental and leasing, 14.2% Majo contibutos to Yukon GDP by industy in 2016 wee: Public administation (23.1%); Real estate and ental and leasing (14.2%); Mining, quaying, and oil and gas extaction (12.8%); Health cae and social assistance (8.4%); Constuction (7.7%); Retail tade (5.4%); and Educational sevices (5.2%). The contibution of each of the emaining industies was less than 5.0%. % Pecentage Shae of GDP by Noth Ameican Industy Classification System (NAICS), Yukon, 2012 to 2016 (based on cuent dollas) Ove the five-yea peiod fom 2012 to 2016, the shae of Mining, quaying, and oil and gas extaction industy in total GDP fluctuated fom a low of 8.9% (evised) in 2015 to a high of 12.8% in 2016, while the shae of Constuction industy vaied fom 7.6% (evised) in 2015 to 10.0% in With the exceptions of Public Administation (1.9 pecentage points spead in fluctuation) and Real estate and ental and leasing (1.3 pecentage points spead in fluctuation), all emaining industies accounted fo a 1.0 pecentage point spead o less fluctuation in thei shae between 2012 and

4 Real GDP by Industy, Yukon, 2007 to 2016 millions of chained (2007) dollas 1 INDUSTRY AGRICULTURE, FORESTRY, FISHING AND HUNTING Cop and animal poduction Foesty and logging Fishing, hunting and tapping Suppot activities fo agicultue and foesty MINING, QUARRYING, AND OIL AND GAS EXTRACTION Oil and gas extaction Mining and quaying (except oil and gas) Suppot activities fo mining and oil and gas extaction UTILITIES Electic powe geneation, tansmission and distibution Natual gas distibution, wate, sewage and othe systems CONSTRUCTION Residential building constuction Non-esidential building constuction Engineeing constuction Repai constuction Othe activities of the constuction industy MANUFACTURING Food manufactuing Beveage and tobacco poduct manufactuing Textile and textile poduct mills Clothing and leathe and allied poduct manufactuing Wood poduct manufactuing Pinting and elated suppot activities Petoleum and coal poduct manufactuing Chemical manufactuing Plastics and ubbe poducts manufactuing Non-metallic mineal poduct manufactuing Fabicated metal poduct manufactuing Compute and electonic poduct manufactuing Tanspotation equipment manufactuing Funitue and elated poduct manufactuing Miscellaneous manufactuing WHOLESALE TRADE Petoleum poduct wholesale-distibutos Food, beveage and tobacco wholesale-distibutos Pesonal and household goods wholesale-distibutos Moto vehicle and pats wholesale-distibutos Building mateial and supplies wholesale-distibutos Machiney, equipment and supplies wholesale-distibutos Miscellaneous wholesale-distibutos Wholesale electonic makets, and agents and bokes RETAIL TRADE Moto vehicle and pats deales Funitue and home funishings stoes Electonics and appliance stoes Building mateial and gaden equipment and supplies deales Food and beveage stoes Health and pesonal cae stoes Gasoline stations Clothing and clothing accessoies stoes Spoting goods, hobby, book and music stoes Geneal mechandise stoes Miscellaneous stoe etailes Non-stoe etailes TRANSPORTATION AND WAREHOUSING Ai tanspotation Tuck tanspotation Tansit, gound passenge and scenic and sightseeing tanspotation 4

5 = evised 1, 2 See endnotes on page 8. Real GDP by Industy, Yukon, 2007 to 2016 (continued) millions of chained (2007) dollas 1 INDUSTRY TRANSPORTATION AND WAREHOUSING (continued) Suppot activities fo tanspotation Pipeline tanspotation Postal sevice and couies and messenges Waehousing and stoage INFORMATION AND CULTURAL INDUSTRIES Publishing industies (except intenet) Motion pictue and sound ecoding industies Boadcasting (except intenet) Telecommunications Data pocessing, hosting, and elated sevices Othe infomation sevices FINANCE AND INSURANCE Depositoy cedit intemediation and monetay authoities Non-depositoy cedit intemediation Activities elated to cedit intemediation Insuance caies and elated activities Financial investment sevices, funds and othe financial vehicles REAL ESTATE AND RENTAL AND LEASING Real estate Rental and leasing sevices PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES Legal, accounting and elated sevices Achitectual, engineeing and elated sevices Othe pofessional, scientific and technical sevices including scientific eseach and development Compute systems design and elated sevices Advetising, public elations, and elated sevices MANAGEMENT OF COMPANIES AND ENTERPRISES ADMINISTRATIVE AND SUPPORT, WASTE MANAGEMENT AND REMEDIATION SERVICES Administative and suppot sevices Waste management and emediation sevices EDUCATIONAL SERVICES HEALTH CARE AND SOCIAL ASSISTANCE Health cae Social assistance ARTS, ENTERTAINMENT AND RECREATION Pefoming ats, spectato spots and elated industies, and heitage institutions Amusement, gambling and eceation industies ACCOMMODATION AND FOOD SERVICES Accommodation sevices Food sevices and dinking places OTHER SERVICES (EXCEPT PUBLIC ADMINISTRATION) Repai and maintenance Pesonal sevices and pivate households Religious, gant-making, civic, and pofessional and simila oganizations PUBLIC ADMINISTRATION Fedeal govenment public administation Povincial and teitoial public administation Local, municipal, egional and aboiginal public administation ALL INDUSTRIES 1, , , , , , , , , ,

6 Yea-to-Yea Real Gowth Rates (%) by Industy, Yukon, 2007 to 2016 based on millions of chained (2007) dollas 1 INDUSTRY AGRICULTURE, FORESTRY, FISHING AND HUNTING Cop and animal poduction Foesty and logging Fishing, hunting and tapping Suppot activities fo agicultue and foesty MINING, QUARRYING, AND OIL AND GAS EXTRACTION Oil and gas extaction Mining and quaying (except oil and gas) Suppot activities fo mining and oil and gas extaction UTILITIES Electic powe geneation, tansmission and distibution Natual gas distibution, wate, sewage and othe systems CONSTRUCTION Residential building constuction Non-esidential building constuction Engineeing constuction Repai constuction Othe activities of the constuction industy MANUFACTURING Food manufactuing Beveage and tobacco poduct manufactuing Textile and textile poduct mills Clothing and leathe and allied poduct manufactuing Wood poduct manufactuing Pinting and elated suppot activities Petoleum and coal poduct manufactuing Chemical manufactuing , Plastics and ubbe poducts manufactuing Non-metallic mineal poduct manufactuing Fabicated metal poduct manufactuing Compute and electonic poduct manufactuing Tanspotation equipment manufactuing Funitue and elated poduct manufactuing Miscellaneous manufactuing WHOLESALE TRADE Petoleum poduct wholesale-distibutos Food, beveage and tobacco wholesale-distibutos Pesonal and household goods wholesale-distibutos Moto vehicle and pats wholesale-distibutos Building mateial and supplies wholesale-distibutos Machiney, equipment and supplies wholesale-distibutos Miscellaneous wholesale-distibutos Wholesale electonic makets, and agents and bokes RETAIL TRADE Moto vehicle and pats deales Funitue and home funishings stoes Electonics and appliance stoes Building mateial and gaden equipment and supplies deales Food and beveage stoes Health and pesonal cae stoes Gasoline stations Clothing and clothing accessoies stoes Spoting goods, hobby, book and music stoes Geneal mechandise stoes Miscellaneous stoe etailes Non-stoe etailes TRANSPORTATION AND WAREHOUSING Ai tanspotation Tuck tanspotation Tansit, gound passenge and scenic and sightseeing tanspotation 6

7 Yea-to-Yea Real Gowth Rates (%) by Industy, 2007 to 2016 (continued) based on millions of chained (2007) dollas 1 = evised.. = not available 1,2 See endnotes on page 8. INDUSTRY TRANSPORTATION AND WAREHOUSING (continued) Suppot activities fo tanspotation Pipeline tanspotation Postal sevice and couies and messenges Waehousing and stoage INFORMATION AND CULTURAL INDUSTRIES Publishing industies (except intenet) Motion pictue and sound ecoding industies Boadcasting (except intenet) Telecommunications Data pocessing, hosting, and elated sevices Othe infomation sevices FINANCE AND INSURANCE Depositoy cedit intemediation and monetay authoities Non-depositoy cedit intemediation Activities elated to cedit intemediation Insuance caies and elated activities Financial investment sevices, funds and othe financial vehicles REAL ESTATE AND RENTAL AND LEASING Real estate Rental and leasing sevices PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES Legal, accounting and elated sevices Achitectual, engineeing and elated sevices Othe pofessional, scientific and technical sevices including scientific eseach and development Compute systems design and elated sevices Advetising, public elations, and elated sevices MANAGEMENT OF COMPANIES AND ENTERPRISES ADMINISTRATIVE AND SUPPORT, WASTE MANAGEMENT AND REMEDIATION SERVICES Administative and suppot sevices Waste management and emediation sevices EDUCATIONAL SERVICES HEALTH CARE AND SOCIAL ASSISTANCE Health cae Social assistance ARTS, ENTERTAINMENT AND RECREATION Pefoming ats, spectato spots and elated industies, and heitage institutions Amusement, gambling and eceation industies ACCOMMODATION AND FOOD SERVICES Accommodation sevices Food sevices and dinking places OTHER SERVICES (EXCEPT PUBLIC ADMINISTRATION) Repai and maintenance Pesonal sevices and pivate households Religious, gant-making, civic, and pofessional and simila oganizations PUBLIC ADMINISTRATION Fedeal govenment public administation Povincial and teitoial public administation Local, municipal, egional and aboiginal public administation ALL INDUSTRIES

8 Real GDP by Secto and Special Industy Aggegation, Yukon, 2007 to 2016 millions of chained (2007) dollas 1 SECTOR / INDUSTRY AGGREGATE Goods-poducing industies Sevices-poducing industies 1, , , , , , , , , ,711.5 Special Industy Aggegations Industial poduction Non-duable manufactuing industies Duable manufactuing industies Infomation and communication technology secto Enegy secto See endnote below. 2 Industial poduction - combines the Noth Ameican Industy Classification System (NAICS) codes 21, 22, 31-33, Non-duable manufactuing industies secto - combines NAICS codes , Duable manufactuing industies secto - combines NAICS codes 321, Infomation and communication technology secto - combines NAICS codes 334 (excluding 3345), 4173, 5112, 517, 518, 5415, Enegy secto - combines the Noth Ameican Industy Classification System (NAICS) codes 211, 2121, 21229, , , 2211, 2212, 32411, 486. Millions of chained (2007) dollas $2,500 $2,000 $1,500 $1,000 $ % 33.8% 20.3% 10.7% Goods-poducing industies ($) Gowth Rate % 6.8% 10.2% -0.3% -0.3% 33.5% 40% 30% 20% 10% 0% -10% -20% Gowth ate Millions of chained (2007) dollas $2,500 $2,000 $1,500 $1,000 $ % 3.6% 2.3% 2.4% Sevice-poducing industies ($) Gowth Rate % 4.2% 1.8% 2.2% 1.0% 1.0% 2.3% 40% 30% 20% 10% 0% -10% Gowth ate -33.0% -30% -20% $ % $ % Publication data souce: Statistics Canada CANSIM and (Histoical data coveing the peiod 1997 to 2016 ae available upon equest.) Endnotes: 1 Statistics Canada uses the chain Fishe volume index method of calculating the eal GDP. This method was adopted as it poduces the most accuate measue of gowth in GDP and its components, and the change bings the Canadian measue in line with the US quately Income and Poduct Accounts which also use the chain Fishe fomula to measue eal GDP. An impotant consequence of using chain indexes is that the associated volume measues ae not additive. That is, the sum of the chained values fo each component of an aggegate does not equal the chained value of the aggegate. Fo example, the sum of the components of the Tanspotation & Waehousing Industy is not equal to the numbe given fo that industy, just as the sum of the individual industy sectos is not equal to the numbe given fo All Industies. Fo moe infomation on chain indexes, visit: 2 The most ecent benchmak yea fo which the input-output stuctue of Yukon s economy is measued is 2014 and theefoe it is the most cuent yea fo which the contibutions of diffeent industies to GDP may be accuately measued. GDP calculations fo subsequent yeas ae pojections based on the stuctue of Yukon s economy in 2014 and changes in pices and output volumes in intevening yeas. Substantial evisions to these estimates can occu if thee ae majo changes to the stuctue of the economy; fo example, the opening o closing of a lage mine afte the most ecent input/output accounts efeence yea. Additional infomation Govenment of Yukon Infomation sheet no. 65 Finance Novembe 2017 Bueau of Statistics (B-4) Box 2703, Whitehose, Yukon Y1A 2C6 Telephone: (867) ; Fax: (867) ybsinfo@gov.yk.ca website:

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