The contribution of the agriculture, hunting, forestry, and fishing sector to Canada's GDP is forecasted to slightly decline from 1.53% in 2024 to 1.46% by 2028. This gradual decrease follows a trend that has been observed in previous years, evidencing an ongoing slight contraction in its proportion of GDP. Relative to 2023, where the value stood at around 1.55%, the sector's contribution is projected to decrease by an average annual rate over the five-year period.
Future trends to watch for include potential impacts from climate change, innovation in sustainable practices, and shifts in global demand. These factors could significantly influence the sector's dynamics and overall economic contribution.
