According to the Saskatchewan Finance in its 2023-2024 budget forecast, real GDP is predicted to slow down significantly from the 4.8% increase in 2021 to 1.3% for 2022 and 1.8% in 2024.

The average year-to-date rate of change in the all-items Consumer Price Index (inflation) in October 2024 over October 2023 was 1.4%. The largest contributors were food (3.4%), shelter (3.7%), recreation, education and reading (8.1%), health and personal care (2.9%).

September 2024 year-to-date retail trade is up by 2.7% over the same period in 2023. 

• Sub-sectors that posted increases were new car dealers (2.5%), Gasoline stations (7.1%), Furniture and home furnishings stores (6.2%), Health and personal care stores (9.7%), Grocery stores (7.1%), General merchandise stores (3.3%), and All other (40.6%).
• Declines were noted in Used car dealers (-30.5%), Electronics and appliance stores (-10.9%), Building material and garden equipment and supplies dealers (-10.7%), Clothing and clothing accessories stores (-0.9%), Sporting goods, hobby, book and music stores (-8.4%), and Beer, wine and liquor stores (-34.5%).

September 2024 year-to-date new motor vehicle (units) sales were up 18.5% from September 2023. New minivans, sport-utility vehicles, light and heavy trucks, vans and buses sales were up 19.9%, while new passenger cars sales were also up 0.5%.

September 2024 year-to-date restaurant receipts were up 4.0% over the same period in 2023. Within restaurant receipts, Special food services (7.6%), Limited-service eating places (7.2%) increased, while declines were noted in Drinking places (alcoholic beverages) (-6.8%), Full-service restaurants (-0.8%).

September 2024 year-to-date manufacturing sales are down by -6.2% over the same period in 2023.

• Sub-sectors that posted decreases were Food manufacturing sales (-6.4%), Machinery manufacturing sales (-19.1%), Fabricated metal product manufacturing sales (-10.4%), and All other Manufacturing sales (-3.1%).

September 2024 year-to-date wholesale trade was down -18.4% over the same period in 2023.

• Food, beverage and tobacco merchant wholesalers (27.9%), Personal and household goods merchant wholesalers (4.2%) posted increases, while Motor vehicle and motor vehicle parts and accessories merchant wholesalers (-1.9%) saw a decline.

Total International merchandise exports were down -10.3% year-to-date October 2024 over October 2023. 

• Sub-sectors that posted increases were Energy products (12.3%), Basic and industrial chemical, plastic and rubber products (19.4%), Forestry products and building and packaging materials (2.7%), Electronic and electrical equipment and parts (5.2%), Motor vehicles and parts (8.2%), and Special transactions (0.8%). 
• Sub-sectors that posted decreases were Farm, fishing and intermediate food products (-12.6%), Metal ores and non-metallic minerals (-32.0%), Metal and non-metallic mineral products (-14.2%), Industrial machinery, equipment and parts (-38.5%), Aircraft and other transportation equipment and parts (-43.4%), and Consumer goods (-12.5%).

Year-to-date October 2024 construction employment was down -225or -0.6% from the same period in 2023.

November 2024, total year-to-date housing starts are up by 217 units or 6.4% over the same period in 2023. Year-to-date increases were observed in singles (235 units or 25.5%), semi-detached (12 units or 6.9%), row (143 units or 62.7%). Year-to-date declines were noted in apartment and other types (-173 units or -8.3%).

The average year-to-date Housing Price Index Benchmark Composite Price is up from $322,527 in November 2023 to $338,218 in November 2024 or 4.9%.

October 2024 year-to-date building permits are up 17.7% over the same period in 2023. Sub-sectors that posted increases were residential (16.7%), industrial (5.5%), institutional and governmental (91.3%), while commercial (-8.5%) posted declines.

November 2024 year-to-date employment in Information, culture and recreation was up 1,000 positions or 4.8% over same period in 2023.

Q3 2024 Provincial population was up 30,558 persons or 2.5% over 2023 Q3 to 1,239,865, an all-time high.

In addition, the provincial population grew by 6,797 people over the second quarter of 2024.