The self-employed sector in recreational activities in Canada experienced varied growth from 2013-2022, with significant fluctuations especially during the COVID-19 pandemic in 2020 (-23.67%). Post-pandemic recovery shows a moderate rise, with a 2.4% increase in 2023. The projected average annual growth rate (CAGR) for the next five years is extremely marginal at 0.01%, suggesting stable but minimal growth.
- 2022 to 2023: 2.4% increase in employment.
- 2021 to 2022: 13.6% increase indicating recovery post-pandemic.
- Last 5 years: -1.2%
- Next 5 years forecast: 0.01%
Future Trends to Watch For: Focus on the impact of digital transformation and increasing technological adoption in recreational activities. Additionally, monitor any changes in consumer behavior towards outdoor and recreational activities post-pandemic, and watch for government policies promoting active lifestyles.