The ICT Gross Value Added in Canada is projected to grow steadily from 2024 to 2028, starting at 79.71 billion Euros in 2024 and reaching 87.07 billion Euros by 2028. This represents a coherent upward trend with year-on-year variations around 2% to 3%. Compared to the actual data for 2023, which stood at a slightly lower level, the forecasted growth trajectory underscores a robust expansion within the ICT sector. The compound annual growth rate (CAGR) over the five-year forecast period is estimated to be approximately 2.3%, highlighting a stable increase.
Future trends to watch for include:
- Technological advancements driving innovation and productivity.
- Increased investment in digital infrastructure.
- The impact of government policies on ICT development.
- Shifts in global trade affecting the Canadian tech sector.
