Forecast: Telecom Output in Canada

In 2023, the telecom output in Canada stood at 67.89 billion Canadian Dollars, representing a year-on-year growth of 1.71%. The trend over the last two years shows incremental growth with a year-on-year increase of 1.76% in 2022 and 3.91% in 2021. Analyzing the data over a longer period, from 2013 to 2023, indicates a general upward trend with some fluctuations, the most noticeable being a decline of 1.53% in 2020.

Future trends to watch for include the continued forecasted growth in telecom output, averaging a 5-year CAGR of 1.25% from 2024 to 2028, signifying steady but modest growth. Key factors that could influence this include advancements in 5G technology, increased demand for broadband services, and potential policy changes in the telecom sector.