2023 Canadian Economic indicators the focus of new report
by National Marine Manufacturers Association 21 Sep 2024 04:14 AEST
October 1-3, 2024
2023 Canadian Recreational Boating Statistical Abstract © National Marine Manufacturers Association
NMMA's 2023 Canadian Economic Factoids report is now available as a part of the 2023 Canadian Recreational Boating Statistical Abstract. This in-depth report looks at Canadian economic indicators from 2008-2023 and identifies trends impacting the retail markets.
In 2023, Canada's economy demonstrated key signs of resiliency amid ongoing recovery from the Covid pandemic. Real GDP grew by 1.1%, a slower pace compared to the 3.8% increase in 2022. Disposable income rose 5.5%, indicating strong economic stability. Consumer confidence fell to 68.4 points, the lowest level since 2009. In the recreational sector, the number of pleasure craft operator cards issued increased by 9.7% to nearly 159,000 in 2023, with significant growth in the Manitoba and Saskatchewan provinces.
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