diff --git a/.changes/unreleased/Dependencies-20230721-010106.yaml b/.changes/unreleased/Dependencies-20230721-010106.yaml
new file mode 100644
index 000000000..266f491c5
--- /dev/null
+++ b/.changes/unreleased/Dependencies-20230721-010106.yaml
@@ -0,0 +1,6 @@
+kind: "Dependencies"
+body: "Update ddtrace requirement from ~=1.16 to ~=1.17"
+time: 2023-07-21T01:01:06.00000Z
+custom:
+  Author: dependabot[bot]
+  PR: 839
diff --git a/dev-requirements.txt b/dev-requirements.txt
index 7985f5b8e..e22885dc4 100644
--- a/dev-requirements.txt
+++ b/dev-requirements.txt
@@ -8,7 +8,7 @@ git+https://github.com/dbt-labs/dbt-core.git#egg=dbt-tests-adapter&subdirectory=
 black~=23.7
 bumpversion~=0.6.0
 click~=8.1
-ddtrace~=1.16
+ddtrace~=1.17
 flake8~=6.1
 flaky~=3.7
 freezegun~=1.2