The self-employed workforce in the IT services sector in Canada showed fluctuating trends since 2013. From 2013 to 2023, the number of self-employed individuals in this sector mostly experienced gradual increases, with notable dips in 2015 and 2020. The year 2020 saw a significant decline of 11.33% amid the pandemic but bounced back robustly by 17.25% in 2021. As of 2023, the self-employed count stood at 37.34 thousand, slightly below the 2022 level, which shows a -1.54% year-on-year variation.
Looking ahead to future trends:
- The forecast suggests a stabilization with modest growth, culminating in a projected CAGR of 0.62% over the next five years.
- Watch for impacts of technological innovations, remote working preferences, and economic policies that could steer self-employment dynamics in the IT services sector.
