This annual economic forecast for the province of Manitoba 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: Manitoba—2018
Provincial Outlook Long-Term Economic Forecast: Manitoba—2018
Provincial Economic Analysis
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- Real GDP growth over the forecast period will be slower than over the past decade.
- Manitoba will be one of the last provinces to be affected by the challenges of an aging population.
- Consumer spending will increasingly shift from goods to services, particularly to housing services.
- With no new mining operations planned and several mine closures expected in the next few years, mining output will decline substantially over the long term, which will curtail GDP growth.
- Agriculture, manufacturing, and financial services will remain key sources of economic growth for Manitoba in the coming years.
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