Natural resources real gross domestic product falls in the fourth quarter
Real gross domestic product (GDP) of the natural resources sector fell 1.9% in the fourth quarter, after rising 1.5% in the third quarter. In contrast, the economy-wide real GDP was unchanged in the fourth quarter.
Compared with 2021, real GDP of the natural resources sector increased 2.5% in 2022, while the economy-wide real GDP rose 3.4% for the entire year. Annual real GDP of the energy subsector (+4.0%) carried the natural resources sector, whereas forestry (-1.3%) and minerals and mining (-0.9%) both decreased.
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