Energy Sector Boosting the Outlook: Newfoundland and Labrador’s Three-Year Outlook

a boathouse set against an east coast sunset

Energy Sector Boosting the Outlook: Newfoundland and Labrador’s Three-Year Outlook

Provincial
Pages:14 pages13 min read

Author: The Conference Board of Canada

$705.00

This quarterly economic forecast for the province of Newfoundland and Labrador examines its economic outlook, including gross domestic product (GDP), output by industry, and labour market conditions.

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Newfoundland and Labrador’s real GDP decreased by 1.8 per cent in 2022. Will there be any growth over the next three years and, if so, why? How will the province’s demographic outlook affect the labour and housing markets? Can the energy sector bounce back from the sharp decrease in oil production?

This issue briefing explores the economic outlook for Newfoundland and Labrador. We focus on the province’s GDP, employment, labour conditions, energy sector, housing, and government revenue.

Read the issue briefing to get our full analysis.

Key findings
Newfoundland and Labrador snapshot
Overview
Labour markets, income, and consumption
Business investment
Trade
Government

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