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 Outlook Long-Term Economic Forecast: Prince Edward Island—2018
Provincial Outlook Long-Term Economic Forecast: Prince Edward Island—2018
Provincial Economic Analysis
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- Prince Edward Island will outpace its Atlantic neighbours in economic growth but lag behind the national average.
- Limiting potential output growth is the aging of the population, which will be more pronounced on the Island than elsewhere in Canada.
- The greying of the population will lead to high demand for health care and social services, presenting a significant challenge for Island finances.
- The province has begun to attract more immigrants, which could help mitigate the impacts of population aging on the Island’s economy.
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