The employment in the Canadian media and entertainment sector has shown significant growth, increasing from 154.73 thousand jobs in 2013 to 204.26 thousand jobs in 2023. Over the last two years, there was a notable fluctuation with a 21.33% increase in 2021, followed by a -2.96% decrease in 2022, and a 1.07% increase in 2023. The 5-year CAGR up to 2023 stands at 3.01%.
Looking forward, the sector is forecasted to continue growing at a 5-year CAGR of 1.13%, reaching 219.31 thousand jobs by 2028. Future trends to watch include technological advancements in digital media, shifts in consumer preferences, and the impact of regulatory changes.
