Forecast: Nuclear Electricity Generation in Canada

Based on historical data, nuclear electricity generation in Canada showed a fluctuating trend from 2013 to 2023. As of 2023, the value stood at 97.78 thousand gigawatthours. There have been notable year-on-year variations, with significant declines in some years like 2020 (-4.24%) and notable growths in others like 2022 (5.83%). The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is 0.57%, indicating a slight upward trend despite annual fluctuations.

Looking ahead, the forecasted data from 2024 to 2028 suggests a steady increase in nuclear electricity generation. The forecasted five-year CAGR is 0.44%, with a forecasted growth rate of 2.2% from 2023 to 2028. Future trends to watch for include advancements in nuclear technology, potential governmental policies favoring renewable energy sources, and global energy market dynamics influencing Canada's nuclear energy production.