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.
Document Highlights
The province has increasingly become a hotspot for incoming immigrants, which will boost potential output growth for the Island province.
However, the province’s population is still aging at a faster rate than elsewhere in Canada, which will limit potential output going forward.
The greying of the population will lead to high demand for health care and social services, presenting a significant challenge for Island finances.
Despite the challenges, Prince Edward Island will outpace its Atlantic neighbours in economic growth but will still lag the national average.
There are no reviews yet.