In 2023, the average expenditure per household on recreation in Canada stood at approximately 4.76 thousand Canadian dollars. Forecasted data for 2024-2028 shows a steady increase, growing from 4.83 to 5.11 thousand dollars. The year-on-year increase during this period is consistent, with an approximate annual growth rate of around 1.4% in 2024, increasing slightly each subsequent year.
Future trends to watch for include:
- Potential impacts of economic variables such as inflation and disposable income on recreational spending.
- Changing consumer preferences towards digital and home-based recreational activities.
- Environmental considerations and sustainable recreation becoming more prominent.