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Home » Economic Indicators

Economic Indicators

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

Labour

January 2024

Employment

92.0
(thousand)

+8.9 %

Yr / Yr Change

January 2024

Participation Rate

67.3
(percent)

+2.8 ppts

Yr / Yr Change

November 2023

Avg Weekly Earnings

$1,027.14
(weekly)

+3.7 %

Yr / Yr Change

September 2023

Labour Income

$418.4
(millions)

+8.8 %

Yr / Yr Change

January 2024

Unemployment

7.4%
(percent)

-0.1ppt

Yr / Yr Change

November 2023

EI Beneficiaries

8,010
(thousand)

-5.5%

Yr / Yr Change

Economic

2022

GDP

$7.81
(billion, chained ’17 $)

+2.9%

YR / YR Change

2022

Productivity

$45.30
($/hr)

-2.2%

YR / YR Change

December 2023

International Exports

$199.9
(million)

+16.8%

YR / YR Change

2022

Trade Balance

-$1,638
(billion)

+13.4%

YR / YR Change

Demographic

Q4 2023

Population

175.9
(thousand)

+4.0%

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

Q3 2023

Net Migration

2,079
(persons)

+99

YR / YR Change

Q3 2023

International

2,228
(international, persons)

YR / YR Change

Q3 2023

Interprovincial

-149
(provincial, persons)

YR / YR Change

Industry

December 2023

Motor Vehicle Sales

514
(new motor vehicles)

-6.7%

YR / YR Change

January 2024

CPI

162.6

+1.6%

YR / YR Changes

November 2023

Retail Trade

$306.6
(million)

+5.2%

YR / YR Change

November 2023

Wholesale Trade

$135.8
(million)

+16.9%

YR / YR Change

December 2023

Manufacturing Sales

$290.6
(million)

+9.4%

YR / YR Change

Agriculture & Tourism

2022

Net Farm Income

$32.3
(million)

-65.7%

YR / YR Change

Q3 2023

Farm Cash Receipts

$189.9
(million)

+4.3%

YR / YR Change

2022

Lobster Landed Value

$312.9
(million)

-15.6%

YR / YR Change

October 2023

Overnight Stays

45.5
(x 1,000 units)

-22.4%

YR / YR Change

November 2023

Food & Drink Receipts

$36.3
(million)

+6.7%

YR / YR Change

Construction

Q4 2023

Housing Starts

253
(new units)

-158 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

December 2023

Building Permits

$19.8
(million)

-63.5%

YR / YR Change

October 2023

Vacancy Rate

1.1
(percent)

+0.3 ppt

YR / YR Change

2021

Total Investment

$1147.1
(million)

+16.6%

YR / YR Change

December 2023

Residential

$83.9
(million)

+73.8%

YR / YR Change

December 2023

Non-residential

$18.3
(million)

-1.2%

YR / YR Change

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