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: Newfoundland and Labrador—2018
Provincial Outlook Long-Term Economic Forecast: Newfoundland and Labrador—2018
Provincial Economic Analysis
$675.00
- The offshore oil industry will continue to play a key role in the provincial economy.
- A declining population will constrain potential output over the long term.
- Residents of Newfoundland and Labrador will continue to move to other provinces over the long term.
- An aging population and the need for health care spending will put pressure on the provincial budget.
- Housing starts will fall throughout the forecast period due to population aging.
- Newfoundland and Labrador will post the highest unemployment rate in Canada over the forecast period.
Customers Who Downloaded This Also Liked
12 min read
10 min read
3 min read
Require an accessible version of this research?
Upon request, Signal49 Research offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
Effective January 26, 2026, AERIC Inc./Signal49 Research discontinued use of ‘The Conference Board of Canada’ name, logo and branding, which had been used by AERIC Inc./Signal49 Research under license from The Conference Board, Inc. The Conference Board, Inc. and its licensees, which are not affiliated with Signal49 Research, own all right, title and interest in THE CONFERENCE BOARD name and trademarks in Canada and have the exclusive right to their use in Canada since January 26, 2026.
