CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

INSIDE THE NUMBERS: What is the automotive market’s contribution to Canadian GDP?

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Motor vehicle & parts manufacturing was responsible for 60% of transportation equipment manufacturing in 2022. PHOTO courtesy Honda.

The auto industry plays a key role in Canada’s economy. With a $14 billion contribution to the Canadian economy, motor vehicle and motor vehicle parts manufacturing is one of the largest manufacturing sectors.

The State of the Canadian Auto Industry Report 2023, published by the Canadian Vehicle Manufacturers’ Association, provides a snapshot of the economic contributions the auto industry makes to the Canadian economy and key trends underway in the sector.

Transportation equipment is the second largest contributor to total manufacturing GDP, representing 12%. Motor vehicle & parts manufacturing was responsible for 60% of transportation equipment manufacturing in 2022.

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