Here is the forecasted average expenditure per household on recreation services in Canada from 2024 to 2028:
| Year | Value (Thousand CAD) | YoY Variation (%) |
|---|---|---|
| 2024 | 2.82 | - |
| 2025 | 2.89 | 2.48% |
| 2026 | 2.95 | 2.08% |
| 2027 | 3.01 | 2.03% |
| 2028 | 3.07 | 1.99% |
The average Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.15%.
The upward trend in expenditure points to growing consumer confidence and a rebound in discretionary spending. Key factors to watch include economic conditions, changes in consumer preferences, and the impact of technological advancements in recreational services.