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New Brunswick Economic Forecast

The Conference Board of Canada’s Economic Trends Division is recognized worldwide for its expertise in economic forecasting, modelling and analysis. We have produced accurate economic forecasts for more than 25 years.

We examine the economic outlook for New Brunswick, including gross domestic product (GDP), output by industry, housing, demographics and trade and labour market conditions.

The Provincial Outlook is updated quarterly using the Conference Board’s large econometric model of the provincial economies.

Five-year forecasts with up to 50 years of history for more than 210 indicators are available for New Brunswick. The indicators are updated four times a year.

What Data Do We Forecast?

Key Economic Indicators: New Brunswick
Gross Domestic Product at Market Prices,New Brunswick Millions $
Gross Domestic Product at Market Prices,New Brunswick Millions, Chained $ 2007
Gross Domestic Product at Basic Prices, New Brunswick Millions, Chained $ 2007
Implicit Price Deflator: G.D.P at Market Price, New Brunswick Index, 2007=1.00
Consumer Price Index, New Brunswick 2002=1.0
Wages & Salaries Per Employee, New Brunswick Thousands $
Primary household income , New Brunswick Millions $
Household disposable income , New Brunswick Millions $
Population of Labour Force Age , New Brunswick Thousands
Labour Force , New Brunswick Thousands
Employment, New Brunswick Thousands
Unemployment Rate, New Brunswick %
Retail Sales , New Brunswick Millions $
Housing Starts , New Brunswick Number of units
 
GDP at Basic Prices by Industry (Millions, Chained $ 2007)
GDP at Basic Prices by Industry, Crop and animal production , New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Forestry and Logging , New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Support activities for agriculture & forestry, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Fishing, hunting and trapping, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Mining and oil and gas extraction, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Manufacturing, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Construction, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Utilities, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Goods-Producing Industries, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Transportation & Warehousing, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Information & Culture Industries, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Wholesale & Retail Trade, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Finance and insurance, real estate and renting and leasing and management of companies and enterprises, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Commercial Services, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Non-Commercial Services, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Public administration , New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, Service-Producing Industries, New Brunswick Millions, Chained $ 2007
GDP at Basic Prices by Industry, All Industries, New Brunswick Millions, Chained $ 2007
 
Labour Market ('000)
Employment, New Brunswick, Agriculture Thousands
Employment, New Brunswick, Other Primary Industries Thousands
Employment, New Brunswick, Utilities Thousands
Employment, New Brunswick, Manufacturing Thousands
Employment, New Brunswick, Construction Thousands
Employment, New Brunswick, Wholesale and Retail Trade Thousands
Employment, New Brunswick, Transportation and Warehousing Thousands
Employment, New Brunswick, Finance, Insurance, Real Estate Thousands
Employment, New Brunswick, Other Commercial Services Industries Thousands
Employment, New Brunswick, Education & Health Industries Thousands
Employment, New Brunswick, Public Administration Thousands
Employment, Education, New Brunswick Thousands
Employment, Health & Social Services, New Brunswick Thousands
Employment, New Brunswick, Total Thousands
Unemployed, New Brunswick Thousands
Participation Rate, New Brunswick %
 
Demography ('000)
Total Population, New Brunswick Thousands
Net Provincial Migration, New Brunswick Thousands
Inter-provincial In-migration, New Brunswick Thousands
Inter-provincial Out-migration, New Brunswick Thousands
Net International Migration, New Brunswick Thousands
Natural Rate of Population Increase, New Brunswick Thousands
   
Final consumption expenditure (Millions $)  
Final consumption expenditure, New Brunswick Millions $
Household final consumption expenditure, New Brunswick Millions $
Household final consumption expenditure: Goods, New Brunswick Millions $
Household final consumption expenditure: Durable Goods, New Brunswick Millions $
Household final consumption expenditure: Semi-durable Goods, New Brunswick Millions $
Household final consumption expenditure: Non-durable Goods, New Brunswick Millions $
Household final consumption expenditure: Services, New Brunswick Millions $
Household final consumption expenditure: Services: Services related to dwelling and property (including rental and imputed rent), New Brunswick Millions $
Household final consumption expenditure: Services: Other Services, New Brunswick Millions $
Non-profit institutions serving households' final consumption expenditure, New Brunswick Millions $
General governments final consumption expenditure, New Brunswick Millions $
   
Gross fixed capital formation (Millions $)  
Gross fixed capital formation, New Brunswick Millions $
Gross fixed capital formation: Business, New Brunswick Millions $
Gross fixed capital formation: Business - Residential Structures, New Brunswick Millions $
Gross fixed capital formation: Business - Non-Residential Structures, New Brunswick Millions $
Gross fixed capital formation: Business - Machinery and equipment, New Brunswick Millions $
Gross fixed capital formation: Business - Intellectual property products, New Brunswick Millions $
Gross fixed capital formation, Non-profit institutions serving households, New Brunswick Millions $
Gross fixed capital formation, General governments, New Brunswick Millions $
   
Trade (Millions $)  
Investment in inventories, New Brunswick Millions $
Exports of Goods & Services, New Brunswick Millions $
Exports To Other Countries, New Brunswick Millions $
Exports of Goods to Other Countries, New Brunswick Millions $
Exports of Services to Other Countries, New Brunswick Millions $
Exports To Other Provinces, New Brunswick Millions $
Exports of Goods to Other Provinces, New Brunswick Millions $
Exports of Services to Other Provinces, New Brunswick Millions $
Net Exports, New Brunswick Millions $
Imports of Goods & Services, New Brunswick Millions $
Imports To Other Countries, New Brunswick Millions $
Imports of Goods to Other Countries, New Brunswick Millions $
Imports of Services to Other Countries, New Brunswick Millions $
Imports To Other Provinces, New Brunswick Millions $
Imports of Goods to Other Provinces, New Brunswick Millions $
Imports of Services to Other Provinces, New Brunswick Millions $
   
Final consumption expenditure (Millions, Chained $2007)  
Final consumption expenditure, New Brunswick Millions, Chained $ 2007
Household final consumption expenditure, New Brunswick Millions, Chained $ 2007
Household final consumption expenditure: Goods, New Brunswick Millions, Chained $ 2007
Household final consumption expenditure: Durable Goods, New Brunswick Millions, Chained $ 2007
Household final consumption expenditure: Semi-durable Goods, New Brunswick Millions, Chained $ 2007
Household final consumption expenditure: Non-durable Goods, New Brunswick Millions, Chained $ 2007
Household final consumption expenditure: Services, New Brunswick Millions, Chained $ 2007
Household final consumption expenditure: Services: Services related to dwelling and property (including rental and imputed rent), New Brunswick Millions, Chained $ 2007
Household final consumption expenditure: Services: Other Services, New Brunswick Millions, Chained $ 2007
Non-profit institutions serving households' final consumption expenditure, New Brunswick Millions, Chained $ 2007
General governments final consumption expenditure, New Brunswick Millions, Chained $ 2007
   
Gross fixed capital formation (Millions, Chained $2007)  
Gross fixed capital formation, New Brunswick Millions, Chained $ 2007
Business gross fixed capital formation, New Brunswick Millions, Chained $ 2007
Business gross fixed capital formation, Residential Structures, New Brunswick Millions, Chained $ 2007
Business gross fixed capital formation, Non-Residential Structures, New Brunswick Millions, Chained $ 2007
Business gross fixed capital formation, Machinery and equipment, New Brunswick Millions, Chained $ 2007
Business gross fixed capital formation, Intellectual property products, New Brunswick Millions, Chained $ 2007
Gross fixed capital formation, Non-profit institutions serving households, New Brunswick Millions, Chained $ 2007
Gross fixed capital formation, General governments, New Brunswick Millions, Chained $ 2007
   
Trade (Millions, Chained $ 2007)  
Investment in inventories, New Brunswick Millions, Chained $ 2007
Exports of Goods & Services, New Brunswick Millions, Chained $ 2007
Exports To Other Countries, New Brunswick Millions, Chained $ 2007
Exports of Goods to Other Countries, New Brunswick Millions, Chained $ 2007
Exports of Services to Other Countries, New Brunswick Millions, Chained $ 2007
Exports To Other Provinces, New Brunswick Millions, Chained $ 2007
Exports of Goods to Other Provinces, New Brunswick Millions, Chained $ 2007
Exports of Services to Other Provinces, New Brunswick Millions, Chained $ 2007
Net Exports, New Brunswick Millions, Chained $ 2007
Imports of Goods & Services, New Brunswick Millions, Chained $ 2007
Imports To Other Countries, New Brunswick Millions, Chained $ 2007
Imports of Goods to Other Countries, New Brunswick Millions, Chained $ 2007
Imports of Services to Other Countries, New Brunswick Millions, Chained $ 2007
Imports To Other Provinces, New Brunswick Millions, Chained $ 2007
Imports of Goods to Other Provinces, New Brunswick Millions, Chained $ 2007
Imports of Services to Other Provinces, New Brunswick Millions, Chained $ 2007
   
Average Weekly Wages & Salaries Per Employee ($, Industrial Composite)  
Average Weekly Wages & Salaries Per Employee, New Brunswick $, Industrial Composite
   
Gross domestic product, Income-based (Millions $)  
Gross domestic product, Income-based, Compensation of employees; New Brunswick Millions $
Gross domestic product, Income-based, Compensation of employees: Wages and salaries; New Brunswick Millions $
Gross domestic product, Income-based, Compensation of employees: Employers' social contributions; New Brunswick Millions $
Gross domestic product, Income-based, Gross Operating Surplus; New Brunswick Millions $
Gross domestic product, Income-based, Gross Operating Surplus: Net Operating Surplus - Corporations; New Brunswick Millions $
Gross domestic product, Income-based, Gross Operating Surplus: Consumption of fixed capital - Corporations & General governments; New Brunswick Millions $
Gross domestic product, Income-based, Gross mixed income; New Brunswick Millions $
Gross domestic product, Income-based, Gross mixed income: Net mixed income; New Brunswick Millions $
Gross domestic product, Income-based, Gross mixed income: Consumption of fixed capital - unincorporated businesses; New Brunswick Millions $
Gross domestic product, Income-based, Taxes less subsidies on production; New Brunswick Millions $
Gross domestic product, Income-based, Taxes less subsidies on products and imports; New Brunswick Millions $
   
Current accounts - Households (Millions $)  
Current accounts - Households, Compensation of employees; New Brunswick Millions $
Current accounts - Households: Non-farm Income; New Brunswick Millions $
Current accounts - Households: Farm Income; New Brunswick Millions $
Current accounts - Households: Rental income of households; New Brunswick Millions $
Current accounts - Households, Net property income; New Brunswick Millions $
Current accounts - Households, Current transfers received by households; New Brunswick Millions $
Current accounts - Households, Current transfers received by households from non profit institutions serving households, corporations and non-residents; New Brunswick Millions $
Current accounts - Households, Current transfers received by households from general governments, employment insurance benefits; New Brunswick Millions $
Current accounts - Households, Current transfers received by households from general governments, social security benefits; New Brunswick Millions $
Current accounts - Households, Current transfers received by households from general governments, other benefits benefits; New Brunswick Millions $
Current accounts - Households, Current transfers paid by households; New Brunswick Millions $
Current accounts - Households, Current transfers paid by households to non profit institutions serving households; New Brunswick Millions $
Current accounts - Households, Current transfers paid by households to corporations; New Brunswick Millions $
Current accounts - Households, Current transfers paid by households to non-residents; New Brunswick Millions $
Current accounts - Households, Current transfers paid by households to general governments ; New Brunswick Millions $
Current accounts - Households, Current transfers paid by households to general governments - personal income taxes; New Brunswick Millions $
Current accounts - Households, Current transfers paid by households to general governments - other current transfers; New Brunswick Millions $
Current accounts - Households, Current transfers paid by households - others (to non-profit institutions serving households, corporations and non-residents); New Brunswick Millions $
Current accounts - Households, Household net savings; New Brunswick Millions $
Current accounts - Households, Household Savings rate; New Brunswick %
   
Housing (Number of units)  
Housing Starts, Singles, New Brunswick Number of units
Housing Starts, Multiples, New Brunswick Number of units
Housing Completions, Singles, New Brunswick Number of units
Housing Completions, Multiples, New Brunswick Number of units
   
Real Domestic Product, New Brunswick (Millions $ 2007)  
Real Domestic Product: Metal Ore Mining, New Brunswick Millions $ 2007
Real Domestic Product: Non-metallic mineral mining and quarrying , New Brunswick Millions $ 2007
Real Domestic Product: Oil and gas extraction & Coal mining , New Brunswick Millions $ 2007
Real Domestic Product: Support activities for mining and oil and gas extraction , New Brunswick Millions $ 2007
Real Domestic Product: Wholesale Trade, New Brunswick Millions $ 2007
Real Domestic Product: Retail Trade, New Brunswick Millions $ 2007
Real Domestic Product: Imputed Rent, New Brunswick Millions $ 2007
Real Domestic Product: Other Finance and Insurance, Real Estate and Renting and Leasing and Management of Companies and Enterprises, New Brunswick Millions $ 2007
Real Domestic Product: Professional, scientific, technical services, administrative and support, waste management and remediation services , New Brunswick Millions $ 2007
Real Domestic Product: Professional, scientific & technical services , New Brunswick Millions $ 2007
Real Domestic Product: Administrative and support, waste management and remediation services , New Brunswick Millions $ 2007
Real Domestic Product: Accommodation and food services, New Brunswick Millions $ 2007
Real Domestic Product: Arts, entertainment and recreation, New Brunswick Millions $ 2007
Real Domestic Product: Other services (except public administration), New Brunswick Millions $ 2007
Real Domestic Product: Educational Services , New Brunswick Millions $ 2007
Real Domestic Product: Healthcare and social assistance , New Brunswick Millions $ 2007
   
Implicit Price Indexes, Consumption Expenditures, Gross Fixed Capital Formation, Exports, Imports, Gross Domestic and Final Domestic Demand, New Brunswick (2007=1.00)  
Implicit Price Deflator, Final consumption expenditure, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Goods, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Durable Goods, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Semi-durable Goods, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Non-durable Goods, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Services, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Services: Rent, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Services: Other Services, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Non-profit institutions serving households' final consumption expenditure, New Brunswick Index, 2007=1.00
Implicit Price Deflator, General governments final consumption expenditure, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Gross fixed capital formation, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Residential Structures, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Non-Residential Structures, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Machinery and equipment, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Intellectual property products, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Gross fixed capital formation, Non-profit institutions serving households, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Gross fixed capital formation, General governments, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Exports of Goods & Services, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Exports To Other Countries, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Exports of Goods to Other Countries, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Exports of Services to Other Countries, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Exports To Other Provinces, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Exports of Goods to Other Provinces, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Exports of Services to Other Provinces, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Imports of Goods & Services, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Imports To Other Countries, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Imports of Goods to Other Countries, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Imports of Services to Other Countries, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Imports To Other Provinces, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Imports of Goods to Other Provinces, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Imports of Services to Other Provinces, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Final Domestic Demand, New Brunswick Index, 2007=1.00
Implicit Price Deflator, Final consumption expenditure, New Brunswick Index, 2007=1.00
   
Nominal Domestic Product: Business Non-Residential Investment Spending (Millions $)  
Nominal Domestic Product: Business Non-Residential Investment Spending: Non-Energy , New Brunswick Millions $
Nominal Domestic Product: Business Non-Residential Investment Spending: Energy , New Brunswick Millions $

Forecasts and research often involve numerous assumptions and data sources, and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.

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Provincial Forecast Model

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Economics Team

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