The 2020 Canadian Economic Factoids report is now available as a part of the National Marine Manufacturers Association’s 2020 Canadian Boating Statistical Abstract. This report looks at Canadian economic indicators from 2007-2020 and identifies trends impacting the retail markets.
Gross domestic product (GDP), disposable income, industry capacity utilization, manufacturing capacity utilization and unemployment rate are a few of the economic indicators discussed in the report.
Key insights from the report include:
- Real GDP shrank 5.3% in 2020.
- Disposable income was up 10.3% in 2020.
- Manufacturing capacity utilization decreased 6.3% as compared to 2019.
The full edition (digital and printed) of the 2020 Canadian Boating Statistical Abstract will be available in December. For more information, click here.