This quarterly 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 Outlook Economic Forecast: Prince Edward Island—Winter 2017
Provincial Outlook Economic Forecast: Prince Edward Island—Winter 2017
Provincial Economic Analysis
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- High demand for P.E.I. products will keep manufacturing elevated.
- The Island will remain a popular destination for tourists with no slowdown from the banner year in 2016 expected.
- Solid population growth—the strongest in the Atlantic Region—will support the financial real estate and construction industries in 2017.
- The strong economy should allow the province to meet its goal of a balanced budget in 2017–18.
- A balanced budget should enable the province to loosen its purse strings for non-commercial government services.
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