Saskatoon Economic Recovery Tracker
Evaluating the progress of the Saskatoon Region economy
93.8%
1360
276
9,223
Economic Forecast
Saskatoon CMA Economic Forecast
Real GDP % Change Quarterly
2023 Q1
0.23%
2023 Q2
0.87%
2023 Q3
0.78%
2023 Q4
0.7%
Expected Rebound
Mid-Q3 2020
Expected Recovery
Early 2022
96.2%
Recovery
GDP
$2,421.83M

* Last Updated September 20
100.0%
Recovery
Employment
11,600

* Last Updated September 20
100.0%
Recovery
Unemployment
* Last Updated September 20
100.0%
Recovery
Participation Rate
1.60

* Last Updated September 20
100.0%
Recovery
Retail Sales
$2,441.66M

* Last Updated September 20
100.0%
Recovery
Mfg. Shipments
$258.13M

* Last Updated September 20
67.9%
Recovery
Building Construction Investment
$53.22M

* Last Updated September 20
76.3%
Recovery
Airport Passenger Traffic
29,632

* Last Updated September 20
96.6%
Recovery
Hotel Occupancy Rate
5

* Last Updated September 20
100.0%
Recovery
Active Businesses
255

* Last Updated September 20
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.