Forecast: Value Added of Agriculture, Forestry and Fishing in Canada

The forecasted value added by the agriculture, forestry, and fishing sectors in Canada shows a declining trend from 2024 through 2028. In 2023, the value stood at 0.67. From this point, a year-on-year decrease is observed as follows: 0.57 in 2024 (-14.9%), 0.46 in 2025 (-19.3%), 0.36 in 2026 (-21.7%), 0.26 in 2027 (-27.8%), and finally, 0.16 in 2028 (-38.5%). The compound annual growth rate over these five years is -28.4%, indicating a significant contraction.

Future trends to watch for include:

  • Potential impact of climate change on crop yields and forestry operations.
  • Technological advancements in agriculture and fishing that may alter productivity dynamics.
  • Policy changes related to sustainability and environmental protection.

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