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Economic Indicators

View key economic indicators for PEI below. Click each indicator title to find additional data.

Labour

November 2024

Employment

94.8
(thousand)

+3.9 %

Yr / Yr Change

November 2024

Participation Rate

67.5
(percent)

+0.5 ppt

Yr / Yr Change

October 2024

Avg Weekly Earnings

$1,099
(weekly)

+6.3 %

Yr / Yr Change

September 2024

Labour Income

$458.8
(millions)

+9.1 %

Yr / Yr Change

November 2024

Unemployment

8.0%
(percent)

+0.3ppt

Yr / Yr Change

October 2024

EI Beneficiaries

6,310
(thousand)

+9.5%

Yr / Yr Change

Economic

2023

GDP

$8.06
(billion, chained ’17 $)

+2.2%

YR / YR Change

2023

Productivity

$46.90
($/hr)

-4.7%

YR / YR Change

October 2024

International Exports

$238.5
(million)

+17.5%

YR / YR Change

2023

Trade Balance

-$1,463
(million)

-5.0%

YR / YR Change

Demographic

Q4 2024

Population

179.3
(thousand)

+2.0%

YR / YR Change

2024

Working Age

116.5
(thousand)

+3.1%

YR / YR Change

2024

Median Age

41.3
(years)

-0.5 yrs

YR / YR Change

Q3 2024

Net Migration

798
(persons)

-1,417 persons

YR / YR Change

Q3 2024

International

1,019
(international, persons)

YR / YR Change

Q3 2024

Interprovincial

221
(provincial, persons)

YR / YR Change

Industry

October 2024

Motor Vehicle Sales

759
(new motor vehicles)

+0.0%

YR / YR Change

November 2024

CPI

165.9

+1.8%

YR / YR Changes

October 2024

Retail Trade

$293.3
(million)

+1.0%

YR / YR Change

October 2024

Wholesale Trade

$125.8
(million)

+3.8%

YR / YR Change

October 2024

Manufacturing Sales

$318.8
(million)

+22.6%

YR / YR Change

Agriculture & Tourism

2023

Net Farm Income

$103.7
(million)

+81.3%

YR / YR Change

Q3 2024

Farm Cash Receipts

$209.3
(million)

+7.3%

YR / YR Change

2023

Lobster Landed Value

$298.8
(million)

-4.5%

YR / YR Change

September 2024

Overnight Stays

143.3
(x 1,000 units)

+9.1%

YR / YR Change

September 2024

Food & Drink Receipts

$36.8
(million)

+2.7%

YR / YR Change

Construction

Q3 2024

Housing Starts

626
(new units)

+ 184 units

YR / YR Change

October 2024

Building Permits

$62.3
(million)

+39.9%

YR / YR Change

October 2024

Vacancy Rate

0.8
(percent)

-0.3 ppt

YR / YR Change

2024

Total Investment

$1,229.6
(million)

+7.2%

YR / YR Change

October 2024

Residential

$67.2
(million)

+0.8%

YR / YR Change

October 2024

Non-residential

$23.6
(million)

+30.5%

YR / YR Change

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