P.E.I.’s Prospects Bolstered by Surging Population: Prince Edward Island’s Outlook to 2045

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

Prince Edward Island (the Island) will continue to be a popular destination for international migration. This will boost population growth that will have ripple-effects throughout the economy.

Solid export growth, as well as an expected influx of tourism to the Island, should help the economy flourish over the next 20 years.

Unlike other provinces in Atlantic Canada, P.E.I.’s economy should grow at an annual pace close to the Canadian average.