09/18/2024 | Press release | Distributed by Public on 09/17/2024 23:18
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-19 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.
Visit www.nmma.ca/statistics or contact [email protected]for more information.