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 2014
Provincial Outlook Long-Term Economic Forecast for Prince Edward Island 2014
Provincial Economic Analysis
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- Demographic changes will result in faster aging in P.E.I., compared with Canada as a whole.
- Those 65 and over will comprise 29.4 per cent of population by 2035.
- Population aging will limit potential output growth in P.E.I.
- Consumption of services will grow stronger than goods consumption.
- Manufacturing will continue to post relatively strong growth over the long term.
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