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 2018
Provincial Outlook Economic Forecast: Prince Edward Island—Spring 2018
Provincial Economic Analysis
$675.00
- Thanks to solid population growth—the strongest in Atlantic Canada—residential construction and the financial real estate industries will bolster economic growth in 2018.
- The Island will remain a hotbed for tourism with a record number of cruise visits expected this year.
- Exports and manufacturing will continue to grow hand in hand as demand for P.E.I. products remains elevated.
- Budget 2018 focused on maintaining the recently achieved surplus, while also making room for some minor tax reductions.
- Going forward, a balanced budget will allow the province to increase spending on non-commercial government services.
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