Forecast: Total Hours Worked in Fishing and Aquaculture in Canada

In 2023, the total hours worked in Canada's fishing and aquaculture sector stood at 40.2 million hours. From 2024 to 2028, a slight year-on-year decline is observed, with hours reducing from 40.04 to 39.5 million. This reflects gradual decreases scattered between 0.35% and 0.33% annually, resulting in a cumulative average growth rate (CAGR) of -0.35% over five years. This trend indicates a slow but steady decline in labor hours for the industry.

Future trends to watch for include:

  • The impact of technological advancements on labor efficiency and hours required.
  • Regulatory changes affecting fishing quotas and aquaculture operations.
  • Environmental factors and sustainability efforts influencing the sector.

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