Saskatoon Economic Recovery Tracker
Evaluating the progress of the Saskatoon Region economy
58.5%
361
302
1,518
Economic Forecast
Saskatoon CMA Economic Forecast
Real GDP % Change Quarterly
2020 Q2
-8.92%
2020 Q3
6.92%
2020 Q4
1.17%
2021 Q1
2.03%
Expected Rebound
Mid-Q3 2020
Expected Recovery
Early 2022
83.4%
Recovery
GDP
$507.92M
* Last Updated Mar. 1
64.5%
Recovery
Employment
15,900
* Last Updated Mar. 1
73.3%
Recovery
Unemployment
* Last Updated Mar. 1
26.5%
Recovery
Participation Rate
2.70
* Last Updated Mar. 1
100.0%
Recovery
Retail Sales
$85M
* Last Updated Mar. 1
100.0%
Recovery
Mfg. Shipments
$71.79M
* Last Updated Mar. 1
56.1%
Recovery
Building Construction Investment
$59.35M
* Last Updated Mar. 1
13.8%
Recovery
Airport Passenger Traffic
113,130
* Last Updated Mar. 1
52.9%
Recovery
Hotel Occupancy Rate
25.80
* Last Updated Feb. 1
58.9%
Recovery
Active Businesses
288
* Last Updated Mar. 1
Methodology
The data used in this Tracker is sourced from Statistics Canada, Conference Board of Canada, the International Monetary Fund and industry associations. Each indicator has its own recovery percentage, which is then weighted to achieve a total recovery percentage for the economy.
Note that all data are inclusive of all businesses within their respective sectors. For example, retail sales encompasses all independent retailers, big box retailers and online sales.