This annual economic forecast for the province of Newfoundland and Labrador examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Provincial Outlook Long-Term Economic Forecast for Newfoundland and Labrador: 2013
Provincial Outlook Long-Term Economic Forecast for Newfoundland and Labrador: 2013
Provincial Economic Analysis
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- Large natural resource project will boost investment over the medium term, while tight budgets will hold back growth in the public sector.
- An aging population will mean that employment and the labour force will be in decline after the current decade.
- Real GDP growth will average 1.9 per cent between 2012 and 2017, but only 0.5 percent between 2017 and 2035.
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