With 0.5% of the World’s Population, Canada is a Natural Resource Powerhouse

With 0.5% of the World’s Population, Canada is a Natural Resource Powerhouse

With 0.5 per cent of the World’s Population, Canada is a Natural Resource Powerhouse cover

Canada is home to an abundance of energy, wood, food, and mining resources, making it a natural resource powerhouse. With just around half a per cent of the world’s population – approximately 41 million of 8.3 billion people – Canada does more than pull its weight as a major producer, exporter, and reserve holder of many different natural resources in high demand across the globe.

Below, we look at Canada’s share of global natural resource production by type, its reserve rankings, and how we play an oversized role in providing the essential materials the modern world needs.


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Canada's Share of Global Resource Production by Type
Selected examples of Canada's global production share across major natural resource categories.
Resource Global Share Year
Potash 33% 2024
Uranium 24% 2024
Rapeseed / Canola 23.1% 2025/2026
Oats 14.9% 2025/2026
Diamonds 12.3% 2024
Palladium 8.9% 2024
Hydro 8% 2023
Gold 6.1% 2024
Oil 5.9% 2025
Wheat 4.8% 2025/2026
Natural Gas 4.7% 2025
Primary Aluminum 4.6% 2024
Nickel 3.5% 2024
Platinum 3.4% 2024
Metallurgical Coal 2.5% 2024
Lithium 2.5% 2024
Iron Ore 2.2% 2024
Beef 2% 2025/2026
Electricity 2% 2023
Renewable Energy 2% 2023
Pork 1.8% 2025/2026
Soybeans 1.6% 2025/2026
Cobalt 1.2% 2024
Alumina 1.1% 2024
Graphite 0.7% 2024
Thermal Coal 0.5% 2024
Sources: Potash [11]; Uranium [12]; Rapeseed / Canola [1]; Oats [17]; Diamonds [4]; Palladium [10]; Hydro (hydroelectricity) [15]; Gold [5]; Oil [13]; Wheat [17]; Natural Gas [14]; Primary Aluminum [1]; Nickel [9]; Platinum [10]; Metallurgical Coal [2]; Lithium [8]; Iron Ore [7]; Beef [17]; Electricity [15]; Renewable Energy [15]; Pork [17]; Soybeans [17]; Cobalt [3]; Alumina [1]; Graphite [6]; Thermal Coal [2].
Note: Global production share (%) by type from several sources and different reporting years.
Note 2: Forestry product data is not included here due to limited comparable source coverage, though Canada remains a top producer of many forestry products.
Note 3: This list is illustrative and not exhaustive; it is intended to highlight Canada's broad natural resource strengths.

Canada’s profile above shows that the country plays a disproportionately large role in producing several critical natural resources despite having only half a per cent of the global population.

Canada accounts for 33% of global potash production, 24% of uranium, 23.1% of rapeseed/canola, 14.9% of oats, and 12.3% of rough diamonds. These figures show that Canada is not just resource-rich in a general sense, but a major global producer of commodities important to food systems, industrial supply chains, and energy markets.

Canada also produces 8.9% of global palladium, 8% of hydroelectricity, 6.1% of the world’s gold, 5.9% of its oil, 4.8% of all wheat, and 4.7% of natural gas. It also accounts for 4.6% of primary aluminum production, 3.5% of nickel, 3.4% of platinum, and 2.5% each of metallurgical coal and lithium, showing breadth across conventional and strategic natural resources.

Canada is a Major Natural Resource Reserve Holder

Canada is not only a major producer of natural resources, but also is one of the world’s leading reserve holders for several key commodities. From potash and uranium to oil, natural gas, gold, lithium, and the world’s third-largest forests, Canada has a deep natural resource base that gives it long-term strategic importance.

  • Potash, 1st largest reserves [11]
  • Uranium, 3rd largest reserves [12]
  • Crude oil, 4th largest reserves [15]
  • World’s 3rd largest forests [20]
  • Platinum group metals, 5th largest reserves [10]
  • Gold, 5th largest reserves [5]
  • Iron ore, 6th largest reserves [7]
  • Lithium, 6th largest reserves [8]
  • Cobalt, 7th largest reserves [3]
  • Natural gas, 9th largest reserves [16]
  • Graphite, 10th largest reserves [6]
  • Coal, 16th largest reserves [2]

These abundant reserves help explain why Canada continues to play an outsized role in global resource markets despite its relatively small population. The country holds the world’s largest potash reserves, the third-largest uranium reserves, and the fourth-largest crude oil reserves, alongside significant resources of platinum group metals, gold, iron ore, lithium, cobalt, natural gas, graphite, and coal.

In other words, Canada’s natural resource strength isn’t just about what it produces today, but also about the enormous reserves that position it to remain a major supplier for the commodities the modern world relies on for decades to come.

Canada is a Major Natural Resource Exporter

Canadian exports by type in 2024

As a top producer and reserve holder, Canada is also a top exporter of potash, the second-largest exporter of uranium, the fourth-largest exporter of oil, the sixth-largest exporter of natural gas, and a top-ten global agricultural exporter. The country produces more natural resources than it can consume domestically in many categories, exporting these essential commodities to customers worldwide.

As a result, Canada plays an integral role in supporting global supply chains across many different industries. Canadian potash helps support crop production, for example, while uranium supports electricity systems. Oil and natural gas help meet growing conventional energy demand, while agricultural exports help feed international markets. Forestry product exports supply the world with the materials needed in schools, to build homes, and in other critical uses throughout the global economy.

To better understand how important Canadian natural resource exports are to global supply chains, we recommend watching the series “The World Without Canada” on Amazon Prime or Apple TV+.

Canadian Resources Can Do More for the World

Canada needs a stronger economy - banner

Canada has the reserves, expertise, workforce, and technology to be a go-to global supplier of many of the resources mentioned above. From potash and uranium to oil, natural gas, canola, wheat, metals, and renewable electricity, Canada is well positioned to help meet growing domestic and global demand.

The challenge is not whether Canada has what the world needs, but whether we are willing to develop it and deliver it. That will require practical regulatory reforms, more predictable timelines and approvals, and a stronger investment climate to attract the capital needed to build major projects.

Canada also needs the infrastructure to get more of its resources to market. Building new pipelines, power plants, ports, railways, and roads will help strengthen supply chains, diversify exports, and reinforce Canada’s role as a reliable supplier to the world.

Join us today to learn more.

SOURCES:

1 - https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/aluminum-facts

2 - https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/coal-facts

3 - https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/cobalt-facts

4 - https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/diamond-facts

5 - https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/gold-facts

6 - https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/graphite-facts

7 - https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/iron-ore-facts

8 - https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/lithium-facts

9 - https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/nickel-facts

10 – https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/platinum-facts

11 – https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/potash-facts

12 - https://natural-resources.canada.ca/minerals-mining/mining-data-statistics-analysis/minerals-metals-facts/uranium-nuclear-power-facts

13 - https://www.worldometers.info/oil/oil-production-by-country/

14 - https://www.worldometers.info/gas/gas-production-by-country/

15 - https://www.worldometers.info/gas/gas-production-by-country/

16 - https://financialpost.com/commodities/energy/oil-gas/alberta-major-revision-oil-gas-reserve-estimates

17 - https://www.fas.usda.gov/data/production/0410000

18 - https://energy-information.canada.ca/sites/default/files/2025-11/energy-fact-book-2025-2026.pdf

19 - https://agriculture.canada.ca/en/sector/overview

20 - https://www.canadaaction.ca/countries-with-the-largest-forests