According to the data forecasted from 2024 to 2028, the share of travel services in commercial service imports in Canada shows a declining trend. The share decreases from 16.35% in 2024 to 14.77% in 2028.
- 2024: 16.35%
- 2025: 15.95% (-2.45% YoY)
- 2026: 15.56% (-2.44% YoY)
- 2027: 15.16% (-2.57% YoY)
- 2028: 14.77% (-2.57% YoY)
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -2.52%, indicating a steady decrease per year over this period.
Future Trends to Watch
Future trends worth monitoring include changes in global travel patterns, economic conditions, and policy shifts that could affect travel service demand. These factors will play a critical role in shaping the future share of travel services in Canada's commercial service imports.
