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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

September 2024

Avg Weekly Earnings

$1,092
(weekly)

+6.0 %

Yr / Yr Change

June 2024

Labour Income

$449.0
(millions)

+8.8 %

Yr / Yr Change

November 2024

Unemployment

8.0%
(percent)

+0.3ppt

Yr / Yr Change

September 2024

EI Beneficiaries

4,890
(thousand)

+0.6%

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

September 2024

International Exports

$225.2
(million)

+7.4%

YR / YR Change

2023

Trade Balance

-$1,463
(billion)

-5.0%

YR / YR Change

Demographic

Q3 2024

Population

177.6
(thousand)

+2.8%

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

Q2 2024

Net Migration

1,310
(persons)

-630

YR / YR Change

Q2 2024

International

1,069
(international, persons)

YR / YR Change

Q2 2024

Interprovincial

241
(provincial, persons)

YR / YR Change

Industry

September 2024

Motor Vehicle Sales

721
(new motor vehicles)

+11.1%

YR / YR Change

October 2024

CPI

165.5

+1.3%

YR / YR Changes

September 2024

Retail Trade

$305.4
(million)

+4.3%

YR / YR Change

September 2024

Wholesale Trade

$121.5
(million)

-2.9%

YR / YR Change

September 2024

Manufacturing Sales

$265.9
(million)

+1.3%

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

September 2024

Building Permits

$37.2
(million)

-25.1%

YR / YR Change

October 2023

Vacancy Rate

1.1
(percent)

+0.3 ppt

YR / YR Change

2024

Total Investment

$1,229.6
(million)

+7.2%

YR / YR Change

September 2024

Residential

$75.0
(million)

+9.2%

YR / YR Change

September 2024

Non-residential

$22.7
(million)

+30.0%

YR / YR Change

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