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Economic Indicators

Labour Market

FEB 2025

Employment

93,800


Persons

2.0% Y/Y

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FEB 2025

Participation Rate

66.6%


0.2% Y/Y

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DEC 2024

Avg Weekly Earnings

$1,099


Weekly

8.0% Y/Y

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DEC 2024

Labour Income

458.2M


10.6% Y/Y

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FEB 2025

Unemployment

7.8%


0.8% Y/Y

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DEC 2024

EI Beneficiaries

9,520


0.3% Y/Y

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Economic

2023

GDP

8.06B


Chained ’17 $

2.2% Y/Y

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2023

Productivity

$46.90


$/hr

4.7% Y/Y

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JAN 2025

International Exports

$267.9M


36.3% Y/Y

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2023

Trade Balance

-$1,463M


5.0% Y/Y

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Demographic

Q1 2025

Population

179,280


Persons

1.7% Y/Y

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2024

Working Age

116,500


Persons

3.1% Y/Y

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2024

Median Age

41.3


Years

0.5 yrs Y/Y

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Q4 2024

Net Migration

72


Persons

477 Y/Y

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Q4 2024

International

270


Persons

Y/Y

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Q4 2024

Interprovincial

-198


Persons

Y/Y

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Industry

DEC 2024

Motor Vehicle Sales

591 Units


12.8% Y/Y

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FEB 2025

CPI

167.0


2.0% Y/Y

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JAN 2025

Retail Trade

$304.4M


0.1% Y/Y

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DEC 2024

Wholesale Trade

123.4M


10.9% Y/Y

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JAN 2025

Manufacturing Sales

354.1M


24.5% Y/Y

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Agriculture

2023

Net Farm Income

$103.7M


81.3% Y/Y

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Q4 2024

Farm Cash Receipts

$207.1M


0.4% Y/Y

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2023

Lobster Landed Value

$298.8M


4.5% Y/Y

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Construction

Q4 2024

Housing Starts

357


New units

104 Y/Y

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JAN 2025

Building Permits

$41.8M


2.8%Y/Y

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OCT 2024

Vacancy Rate

0.8%


0.3% Y/Y

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2025

Total Investment

$1,291.0M


1.3% Y/Y

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JAN 2025

Residential

$99.2M


1.2% Y/Y

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JAN 2025

Non-residential

$29.4M


55.5% Y/Y

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Tourism

DEC 2024

Overnight Stays

18.6


x 1,000 units

5.8% Y/Y

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JAN 2025

Food & Drink Receipts

$37.4M


5.1% Y/Y

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