In 2023, the publishing output in Canada stood at 26.50 billion Canadian Dollars. From the forecasted data, we observe a steady year-on-year increase in the publishing output, starting from 27.24 billion Canadian Dollars in 2024 up to 29.90 billion Canadian Dollars by 2028.
Year-on-year variations in percentages are as follows:
- 2024-2025: 2.75%
- 2025-2026: 2.46%
- 2026-2027: 2.23%
- 2027-2028: 1.98%
Over the last two years, the publishing output grew approximately by 5%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is around 2.25%. This indicates a positive but gradually slowing growth trend.
Future trends to watch for include impacts of digital transformation on traditional publishing, changes in consumer reading habits favoring e-books and audiobooks, and potential economic factors influencing discretionary spending on published materials.
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