Forecast: Value Added of Agriculture, Hunting and Forestry in Canada

In 2023, the value added of Agriculture, Hunting, and Forestry in Canada stood at a historical figure. For the years forecasted from 2024 through 2028, there is a steady annual growth in the sector's value, increasing from 39.51 billion CAD in 2024 to 41.82 billion CAD in 2028. The year-on-year growth rates exhibit a consistent upward trajectory, reflecting a strengthening sector over time. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates a moderate positive average annual growth, suggesting resilience in the sector even amid possible economic fluctuations.

Future trends to watch for include:

  • Advancements in agricultural technology that may improve efficiency.
  • Policy changes related to environmental impacts and sustainability.
  • Climate change effects on forestry and hunting resources.
  • Global market demand shifts affecting Canadian exports.

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