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Prince Edward Island 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 Prince Edward Island, 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 Prince Edward Island. The indicators are updated four times a year.

What Data Do We Forecast?

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