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: Prince Edward Island—2017
Provincial Outlook Long-Term Economic Forecast: Prince Edward Island—2017
Provincial Economic Analysis
$660.00
- P.E.I.’s economic outlook is the best in Atlantic Canada but lags behind the national average.
- The Island’s population will age faster than that of the rest of Canada due to the large number of retirees moving to the province.
- This aging will limit potential output growth in P.E.I.
- The greying of the population will maintain a high demand for health care and social services over the long term.
- Meeting this demand will present a significant challenge for Island finances.
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