The employment in the audiovisual and broadcasting sector in Canada has shown steady growth between 2013 and 2019, with a minor setback in 2020 due to a 16.66% decline. However, the sector quickly rebounded with a 21.85% increase in 2021. By 2023, employment reached 124.59 thousand persons, with a modest 1.17% year-on-year increase.
Key trends over the last few years indicate fluctuating growth rates, impacted by economic shifts and the COVID-19 pandemic. The Compound Annual Growth Rate (CAGR) for the most recent five-year period before 2023 is 1.77%, showing moderate growth given past disruptions.
Looking ahead, the sector is expected to continue growing, with a forecasted five-year CAGR of 1.57%, culminating in an 8.08% total growth rate by 2028. Emerging trends to watch for include technological advancements, increased digital media consumption, and evolving regulatory environments which could drive further employment changes in this sector.
