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Economic Indicators

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

Labour

July 2024

Employment

91.7
(thousand)

+3.6 %

Yr / Yr Change

July 2024

Participation Rate

66.6
(percent)

+0.3 ppt

Yr / Yr Change

June 2024

Avg Weekly Earnings

$1,062.94
(weekly)

+6.1 %

Yr / Yr Change

June 2024

Labour Income

$449.0
(millions)

+8.8 %

Yr / Yr Change

July 2024

Unemployment

8.9%
(percent)

+0.8ppt

Yr / Yr Change

June 2024

EI Beneficiaries

3,370
(thousand)

+9.1%

Yr / Yr Change

Economic

2022

GDP

$7.81
(billion, chained ’17 $)

+2.9%

YR / YR Change

2023

Productivity

$46.90
($/hr)

-4.7%

YR / YR Change

June 2024

International Exports

$256.0
(million)

+6.1%

YR / YR Change

2022

Trade Balance

-$1,638
(billion)

+13.4%

YR / YR Change

Demographic

Q2 2024

Population

177.1
(thousand)

+3.1%

YR / YR Change

2023

Working Age

112.8
(thousand)

+4.6%

YR / YR Change

2023

Median Age

41.9
(years)

-0.7 yrs

YR / YR Change

Q1 2024

Net Migration

949
(persons)

-944

YR / YR Change

Q1 2024

International

968
(international, persons)

YR / YR Change

Q1 2024

Interprovincial

-19
(provincial, persons)

YR / YR Change

Industry

June 2024

Motor Vehicle Sales

652
(new motor vehicles)

+0.9%

YR / YR Change

July 2024

CPI

167.1

+2.0%

YR / YR Changes

June 2024

Retail Trade

$288.2
(million)

-2.3%

YR / YR Change

June 2024

Wholesale Trade

$108.7
(million)

-22.5%

YR / YR Change

June 2024

Manufacturing Sales

$269.7
(million)

-0.8%

YR / YR Change

Agriculture & Tourism

2023

Net Farm Income

$112.9
(million)

+90.5%

YR / YR Change

Q2 2024

Farm Cash Receipts

$192.7
(million)

-6.0%

YR / YR Change

2023

Lobster Landed Value

$298.8
(million)

-4.5%

YR / YR Change

June 2024

Overnight Stays

143.8
(x 1,000 units)

+8.1%

YR / YR Change

May 2024

Food & Drink Receipts

$37.3
(million)

+3.7%

YR / YR Change

Construction

Q2 2024

Housing Starts

317
(new units)

-4 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

June 2024

Building Permits

$100.5
(million)

+102.4%

YR / YR Change

October 2023

Vacancy Rate

1.1
(percent)

+0.3 ppt

YR / YR Change

2022

Total Investment

$1,332.8
(million)

+15.3%

YR / YR Change

June 2024

Residential

$70.2
(million)

+55.0%

YR / YR Change

June 2024

Non-residential

$21.8
(million)

+0.6%

YR / YR Change

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