The data indicates a steady upward trend in employment within the ships and boats building sector in Canada from 2013 to 2023, with the number of jobs increasing from 6.95 to 10.22 units. Year-on-year variations include notable increases: for example, 13.74% in 2017 and 10.59% in 2019. The most recent figures show slower growth, with a 1.68% increase in 2022 and a 1.62% increase in 2023. The average annual growth rate over the last five years (CAGR) has been 2.85%. Future trends forecast a continued rise in employment, reaching 11.07 units by 2028, with a projected average annual growth rate of 1.26% over the next five years.

Future trends to watch:

Technological advancements and automation potentially influencing employment numbers.
Government policies and investments in shipbuilding and defense sectors.
Global trade dynamics and their impact on the shipbuilding industry.
Environmental regulations and their effect on traditional ship and boat building practices.