The output of Agriculture, Forestry, and Seafood in Canada increased steadily from CAD 81.44 billion in 2013 to CAD 111.74 billion in 2023. Year-on-year variations showed fluctuations, with significant growth observed in 2015 (7.93%) and moderate yearly increases afterwards. The CAGR over the last five years (2018-2023) was 2.93%. Projections foresee the output reaching CAD 127.81 billion by 2028, with a forecasted CAGR of 2.13% over the next five years.
Future trends to watch for include:
- Technological advancements in agriculture and forestry driving productivity.
- Impacts of climate change on output stability.
- Increasing demand for sustainable and organic products.
- Regulatory changes affecting seafood industry operations.
