The output of motion picture, video, and TV program production in Canada has demonstrated notable growth over the past decade, reaching 16.12 billion Canadian Dollars in 2023. This represents an 8.22% year-on-year increase from 2022. While 2020 saw a significant dip of 20.55%, likely due to the global pandemic, the subsequent years have shown a robust recovery with a 17.8% increase in 2021 and an 11.16% increase in 2022. The five-year CAGR up to 2023 stands at 3.06%, indicating a steady upward trend.

Going forward, the forecast indicates continual growth, with production values expected to hit 18.85 billion Canadian Dollars by 2028. This suggests a five-year CAGR of 2.46%, reflecting a more moderate yet consistent expansion. The anticipated overall growth rate from 2024 to 2028 is 12.94%.

Future trends to watch for include:

Technological advancements in film and video production driving efficiency and new forms of content.
Increased demand for streaming services, leading to more investments in original content.
Government incentives and support for local production companies.