In 2024, the agricultural value added in Canada is projected to be a stable 1.32% of GDP, maintaining this level through 2026 before slightly increasing to 1.33% in 2027 and 2028. This represents a stagnant year-on-year growth for the initial years with an anticipated minor uptick starting from 2027. Such consistency reflects a consolidated agricultural sector amidst potential global economic pressures.
Future trends to watch for include:
- Technological advancements driving productivity gains.
- Impact of climate change on crop yields and agricultural outputs.
- Trade policy changes influencing export markets.
- Investment in sustainable agriculture practices.
