Home » Economic Indicators

Economic Indicators

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

Labour

June 2024

Employment

92.1
(thousand)

+5.7 %

Yr / Yr Change

June 2024

Participation Rate

66.5
(percent)

+0.7 ppt

Yr / Yr Change

April 2024

Avg Weekly Earnings

$1,063.58
(weekly)

+6.1 %

Yr / Yr Change

March 2024

Labour Income

$430.3
(millions)

+6.5 %

Yr / Yr Change

June 2024

Unemployment

8.0%
(percent)

-0.4ppt

Yr / Yr Change

May 2024

EI Beneficiaries

4,400
(thousand)

+10.6%

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

May 2024

International Exports

$217.0
(million)

+4.9%

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

May 2024

Motor Vehicle Sales

838
(new motor vehicles)

+8.4%

YR / YR Change

June 2024

CPI

166.4

+3.4%

YR / YR Changes

May 2024

Retail Trade

$299.3
(million)

+2.8%

YR / YR Change

May 2024

Wholesale Trade

$123.5
(million)

-13.3%

YR / YR Change

May 2024

Manufacturing Sales

$280.9
(million)

+4.3%

YR / YR Change

Agriculture & Tourism

2023

Net Farm Income

$112.9
(million)

+90.5%

YR / YR Change

Q1 2024

Farm Cash Receipts

$217.1
(million)

+4.5%

YR / YR Change

2023

Lobster Landed Value

$298.8
(million)

-4.5%

YR / YR Change

October 2023

Overnight Stays

45.5
(x 1,000 units)

-22.4%

YR / YR Change

April 2024

Food & Drink Receipts

$37.7
(million)

+5.1%

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

May 2024

Building Permits

$53.8
(million)

-19.3%

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

May 2024

Residential

$68.9
(million)

+45.0%

YR / YR Change

May 2024

Non-residential

$21.6
(million)

+1.5%

YR / YR Change

Feedback