Saskatoon Economic Recovery Tracker
Evaluating the progress of the Saskatoon Region economy
48.2%
312
5,395
20,272
Economic Forecast
Saskatoon CMA Economic Forecast
Real GDP % Change Quarterly
2020 Q2
-11.44%
2020 Q3
3.55%
2020 Q4
2.27%
2021 Q1
3.32%
Expected Rebound
Mid-Q3 2020
Expected Recovery
Early 2022
27.4%
Recovery
GDP
$1,451.95M
* Last Updated Dec. 4
70.9%
Recovery
Employment
6,500
* Last Updated Dec. 4
78.9%
Recovery
Unemployment
* Last Updated Dec. 4
40.0%
Recovery
Participation Rate
2.10
* Last Updated Dec. 4
100.0%
Recovery
Retail Sales
$177.91M
* Last Updated Dec. 4
100.0%
Recovery
Mfg. Shipments
$0.043M
* Last Updated Dec. 4
56.1%
Recovery
Building Construction Investment
$4.26M
* Last Updated Dec. 4
18.7%
Recovery
Airport Passenger Traffic
105,435
* Last Updated Dec. 4
58.8%
Recovery
Hotel Occupancy Rate
4,260
* Last Updated Dec. 4
22.4%
Recovery
Active Businesses
472
* Last Updated Dec. 4
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.