The Arts, Entertainment, and Recreation sector in Canada saw steady growth from 2013 to 2019, peaking at 35.22 billion CAD. The abrupt decline of 29.5% in 2020, likely due to the COVID-19 pandemic, brought output down to 24.83 billion CAD. However, a strong recovery started in 2021 with a 26.27% increase, continuing to 2022 with a 15.11% increase, and a further 10.59% rise in 2023, ending the year at 39.91 billion CAD.
From 2024 onwards, the forecasted CAGR is 2.75%, suggesting a moderate yet steady growth leading to a 14.53% increase by 2028. Key trends to watch for include digital transformation, the rise of virtual and augmented reality experiences, and an increasing emphasis on sustainable and inclusive practices.
