This annual 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.
Provincial Outlook Long-Term Economic Forecast: Saskatchewan—2020
Provincial Outlook Long-Term Economic Forecast: Saskatchewan—2020
Provincial Economic Analysis
$705.00
Please note that this forecast was prepared before COVID 19 dramatically changed the near term economic outlook.
- Saskatchewan is projected to have one of the highest fertility rates and population growth of all the provinces.
- Real GDP growth will be limited by more modest business investment than in previous decades.
- The unemployment rate will gradually fall, going from 5.4 per cent in 2019 to 4.8 per cent in 2040. The drop will be accompanied by modest gains in real wage growth.
- Freer trade with Asian economies and the European Union should benefit Saskatchewan’s agriculture producers, although the ongoing dispute between Canada and China remains a concern.
- The oil and gas and potash industries will remain key sources of economic growth for Saskatchewan over the forecast period, but both have serious downside risks.
Customers Who Downloaded This Also Liked
13 min read
13 min read
9 min read
10 min read
Require an accessible version of this research?
Upon request, Signal49 Research offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
Effective January 26, 2026, AERIC Inc./Signal49 Research discontinued use of ‘The Conference Board of Canada’ name, logo and branding, which had been used by AERIC Inc./Signal49 Research under license from The Conference Board, Inc. The Conference Board, Inc. and its licensees, which are not affiliated with Signal49 Research, own all right, title and interest in THE CONFERENCE BOARD name and trademarks in Canada and have the exclusive right to their use in Canada since January 26, 2026.
