This quarterly economic forecast for the province of Prince Edward Island examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Provincial Outlook Economic Forecast: Prince Edward Island—Spring 2017
Provincial Outlook Economic Forecast: Prince Edward Island—Spring 2017
Provincial Economic Analysis
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- Strong revenue growth will bring the province to a balanced position for 2017–18.
- The balancing of the budget allowed the province some wiggle room to raise spending targets for health care, social services, and education.
- Last year was a banner one for the Island’s tourism industry, and no slowdown is expected, as P.E.I. will remain a popular destination for tourists.
- High foreign demand for P.E.I. products will keep manufacturing elevated.
- Construction will take a hit this year as work on the Interconnection Upgrade Project wraps up.
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