The Agriculture Gross Value Added (GVA) in Canada stood at 386.53 million Canadian Dollars in 2023. The forecasted data indicates a consistent growth trajectory from 2024 through 2028. Between 2024 and 2023, the year-on-year variation is approximately 1.6%. For the years 2025 to 2024, the variation is about 1.6%. The variations follow similar trends: 2026 to 2025, 1.5%; 2027 to 2026, 1.5%; and 2028 to 2027, 1.5%. The compound annual growth rate (CAGR) from 2023 to 2028 is around 1.5%.
Future trends to watch for include technological advancements in agriculture, climate change implications, market demand changes, and governmental policy impacts. These factors could influence the growth rates and overall value added in the sector.