Natural resource indicators, first quarter 2024

Natural resources' real gross domestic product falls in the first quarter

Real gross domestic product (GDP) of the natural resources sector decreased 0.7% in the first quarter of 2024, after an increase of 1.4% in the fourth quarter of 2023. In comparison, economy-wide real GDP rose 0.4% in the first quarter of 2024, benefitting from increased household spending, after remaining flat (0.0%) in the previous quarter.

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