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2023 Canadian Economic indicators the focus of new report

by National Marine Manufacturers Association 20 Sep 2024 11:14 PDT 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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