Provincial Outlook Long-Term Economic Forecast: Prince Edward Island—2017

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Provincial Outlook Long-Term Economic Forecast: Prince Edward Island—2017

Provincial Economic Analysis

Author: The Conference Board of Canada

$660.00

  • P.E.I.’s economic outlook is the best in Atlantic Canada but lags behind the national average.
  • The Island’s population will age faster than that of the rest of Canada due to the large number of retirees moving to the province.
  • This aging will limit potential output growth in P.E.I.
  • The greying of the population will maintain a high demand for health care and social services over the long term.
  • Meeting this demand will present a significant challenge for Island finances.
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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.

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