Forecast: Telecom Gross Value Added in Canada

In 2023, the Telecom Gross Value Added in Canada stood at 39.95 billion Canadian Dollars. This reflected a 1.43% year-on-year growth from the previous year, showing a steady increase. Over the past two years, the value grew by approximately 1.48% annually. The compound annual growth rate (CAGR) for the last five years (2018-2023) averaged 1.88%, showing consistent growth but at a declining rate compared to earlier periods.

Looking ahead, the forecasted data indicates a continued upward trend. The CAGR for the next five years (2024-2028) is projected at 1.02%, with an overall growth rate of 5.19% over this period. This signals slower but sustained growth in the telecom sector.

Future Trends to Watch For:

• Impact of 5G technology adoption on telecom infrastructure development
• Potential market disruptions from emerging telecom technologies and digital services
• Regulatory changes and their implications on telecom investments
• Increasing demand for high-speed internet and its effect on value addition in the sector