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.
Provincial Long-Term Economic Forecast for Prince Edward Island: 2016
Provincial Long-Term Economic Forecast for Prince Edward Island: 2016
Provincial
$645.00
- When compared with Canada as a whole, P.E.I.’s population will age at a faster rate due to the large number of retirees moving to the province.
- By 2035, the ratio of seniors (65+) to the working age population (20 to 64) will reach an all-time high of 62 per 100.
- This aging will limit potential output growth in P.E.I.
- The greying of the population will maintain high demand for health care and social services over the long term.
- Manufacturing should continue to post healthy growth over the long term.
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