The passenger car-kilometres in Canada saw a notable fluctuation from 2013 to 2023. The data indicates a general uptrend from 2013 to 2019, followed by a sharp decline in 2020 due to extraordinary circumstances, likely the COVID-19 pandemic. Post-2020, there was a robust recovery, though not enough to reach pre-pandemic levels by 2023. In 2023, the value stood at 70.577 million kilometers. The most recent two years observed substantial growth rates of 104.11% in 2022 and 14.98% in 2023. Over the last five years leading to 2023, the CAGR was a modest -0.65%, underscoring a period of recovery and stabilization.
Looking ahead, the forecast from 2024 to 2028 suggests a marginal decline with the forecasted five-year CAGR at -0.35% and an overall five-year growth rate of -1.72%. Future trends to watch for include potential impacts of sustainable transportation initiatives, shifts in consumer behavior towards electric vehicles, and the influence of urbanization on passenger kilometers.
