This annual 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 Long-Term Economic Forecast for Prince Edward Island: 2013
Provincial Outlook Long-Term Economic Forecast for Prince Edward Island: 2013
Provincial Economic Analysis
$595.00
- Prince Edward Island will experience moderate long-term growth, averaging 1.4 per cent compounded annually over 2012 to 2035, thanks to a positive demographic outlook.
- Long-term forecast draws strength from steady gains in aerospace, food-processing, and biomedical industries, as well as brisk expansion in the utilities sector. The importance of the service sector will increase over time, as retirees start to account for a larger share of the Island’s population.
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