Nowhere to Go but Up: Saskatchewan’s Three-Year Outlook

The Conference Board of Canada, September 9, 2022
Issue Briefing
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This quarterly economic forecast for the province of Saskatchewan examines the economic outlook for the province, including gross domestic product (GDP), output by industry, and labour market conditions.

Document Highlights

  • Last year’s drought pulled Saskatchewan’s real GDP growth into negative territory, the third straight year of decline.
  • Better days are ahead, as significant growth in the natural resource sectors will push Saskatchewan’s real GDP growth to 7.6 per cent in 2022 and 4.1 per cent in 2023.
  • Several major capital projects are under way, and real non-residential business investment is set to grow by 6.8 per cent in 2022 and 4.6 per cent in 2023.

Table of Contents

Key Findings
Saskatchewan Snapshot
Overview
Labour Markets
Income and Consumption
Investment
Key Industries
Methodology

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