diff --git a/.changes/unreleased/Dependencies-20231127-201640.yaml b/.changes/unreleased/Dependencies-20231127-201640.yaml
new file mode 100644
index 000000000..bbcdb6ff9
--- /dev/null
+++ b/.changes/unreleased/Dependencies-20231127-201640.yaml
@@ -0,0 +1,6 @@
+kind: "Dependencies"
+body: "Update ddtrace requirement from ~=2.2 to ~=2.3"
+time: 2023-11-27T20:16:40.00000Z
+custom:
+  Author: dependabot[bot]
+  PR: 669
diff --git a/dev-requirements.txt b/dev-requirements.txt
index 21dc500fa..508e96998 100644
--- a/dev-requirements.txt
+++ b/dev-requirements.txt
@@ -9,7 +9,7 @@ git+https://github.com/dbt-labs/dbt-core.git#egg=dbt-postgres&subdirectory=plugi
 black~=23.11
 bumpversion~=0.6.0
 click~=8.1
-ddtrace~=2.2
+ddtrace~=2.3
 flake8~=6.1
 flaky~=3.7
 freezegun~=1.2