Check out our new LMI Dashboard for updated labour market information in PEI.
Home » Economic Indicators

Economic Indicators

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

Labour

August 2023

Employment

89.9
(thousand)

+5.6 %

Yr / Yr Change

August 2023

Participation Rate

66.9
(percent)

+1.6 ppts

Yr / Yr Change

June 2023

Avg Weekly Earnings

$1,004.76
(weekly)

+4.2 %

Yr / Yr Change

June 2023

Labour Income

$416.7
(millions)

+9.2 %

Yr / Yr Change

August 2023

Unemployment

7.6%
(percent)

+0.6 ppt

Yr / Yr Change

June 2023

EI Beneficiaries

3,070
(thousand)

-31.6%

Yr / Yr Change

Economic

2021

GDP

$6.97
(billion, chained ’12 $)

+7.9%

YR / YR Change

2022

Productivity

$45.30
($/hr)

-2.2%

YR / YR Change

July 2023

International Exports

$185.8
(million)

-7.1%

YR / YR Change

2021

Trade Balance

-$1,314
(billion)

+13.6%

YR / YR Change

Demographic

Q2 2023

Population

176.1
(thousand)

+4.6%

YR / YR Change

2022

Working Age

111.1
(thousand)

+4.0%

YR / YR Change

2022

Median Age

41.7
(years)

-0.7 yrs

YR / YR Change

Q1 2023

Net Migration

2,110
(persons)

+618

YR / YR Change

Q1 2023

International

1,320
(international, persons)

YR / YR Change

Q1 2023

Interprovincial

790
(provincial, persons)

YR / YR Change

Industry

July 2023

Motor Vehicle Sales

637
(new motor vehicles)

-4.2%

YR / YR Change

August 2023

CPI

164.8

+3.5%

YR / YR Changes

July 2023

Retail Trade

$287.9
(million)

-0.3%

YR / YR Change

July 2023

Wholesale Trade

$161.3
(million)

+28.2%

YR / YR Change

July 2023

Manufacturing Sales

$272.4
(million)

+5.7%

YR / YR Change

Agriculture & Tourism

2022

Net Farm Income

$23.9
(million)

-75.3%

YR / YR Change

Q1 2023

Farm Cash Receipts

$202.6
(million)

+15.1%

YR / YR Change

2021

Lobster Landed Value

$370.8
(million)

+123.1%

YR / YR Change

June 2023

Overnight Stays

130.9
(x 1,000 units)

-7.8%

YR / YR Change

June 2023

Food & Drink Receipts

$35.4
(million)

+11.3%

YR / YR Change

Construction

Q2 2023

Housing Starts

321
(new units)

-111 units

YR / YR Change

Q4 2022

Housing Construction

910
(new units)

-34 units

YR / YR Change

Q4 2022

Housing Completions

429
(new units)

+95 units

YR / YR Change

July 2023

Building Permits

$37.4
(million)

-47.9%

YR / YR Change

October 2022

Vacancy Rate

0.8
(percent)

-0.7 ppt

YR / YR Change

2021

Total Investment

$1147.1
(million)

+16.6%

YR / YR Change

July 2023

Residential

$82.2
(million)

+40.4%

YR / YR Change

July 2023

Non-residential

$19.6
(million)

+0.8%

YR / YR Change

Feedback