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CANADA’S AG SECTOR CONTINUES TO SEE ECONOMIC GROWTH

on November 26 | in Ag News | by | with No Comments

From a news release

The Canadian agricultural sector continues to show economic growth, contributing to Canada’s strong economic performance as described in the Fall Economic Statement 2017.

The agriculture and agri-food sector provides one in eight jobs and accounts for more than six percent of Canada’s gross domestic product (GDP).

Agriculture and Agri-Food Canada has released An Overview of the Canadian Agriculture and Agri-Food System, an annual report that provides a summary of the economic performance of the sector, including key changes in the Canadian agricultural landscape.

The report concludes that in 2016 the sector maintained its position as a key driver of the Canadian economy, generating $111.9 billion of GDP, employing 2.3 million people and achieving values of $62.6 billion for agriculture, agri-food and seafood exports. The sector is well positioned to reach the ambitious goal set in Budget 2017 to grow Canada’s agri-food exports to $75 billion by 2025.

To mark Canada’s 150th anniversary, the report includes a special feature on Trends in Canadian Agriculture. The report also includes a special feature on Bioproduct Production and Development in Canada, which is a growing part of the country’s bioeconomy.

The report can be viewed online at the Agriculture and Agri-Food Canada website.

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