In 2023, the agriculture value added share of GDP in Canada stood at an estimated 1.91%. Forecasts from 2024 to 2028 show a gradual increase in this share, from 1.92% to 1.97%, indicating a stable, albeit modest, positive trend in agriculture's contribution to the national economy. The year-on-year percentage growth is consistent, reflecting slight annual improvements. Over the last five years, the compound annual growth rate suggests a steady but slow upward trajectory.
Future trends to watch for include advancements in agricultural technology, climate change impacts, and trade policy shifts, all of which could influence the agricultural sector's economic contribution.
