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Economic Indicators

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

Labour

March 2024

Employment

91.9
(thousand)

+5.4 %

Yr / Yr Change

March 2024

Participation Rate

66.7
(percent)

+1.1 ppts

Yr / Yr Change

January 2024

Avg Weekly Earnings

$1,022.91
(weekly)

+5.0 %

Yr / Yr Change

September 2023

Labour Income

$418.4
(millions)

+8.8 %

Yr / Yr Change

March 2024

Unemployment

7.4%
(percent)

-0.7ppt

Yr / Yr Change

January 2024

EI Beneficiaries

10,680
(thousand)

+4.0%

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

February 2024

International Exports

$172.3
(million)

-6.7%

YR / YR Change

2022

Trade Balance

-$1,638
(billion)

+13.4%

YR / YR Change

Demographic

Q1 2024

Population

176.2
(thousand)

+3.7%

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

Q4 2024

Net Migration

374
(persons)

-493

YR / YR Change

Q4 2023

International

600
(international, persons)

YR / YR Change

Q4 2023

Interprovincial

-226
(provincial, persons)

YR / YR Change

Industry

January 2024

Motor Vehicle Sales

539
(new motor vehicles)

+33.4%

YR / YR Change

March 2024

CPI

164.8

+2.6%

YR / YR Changes

January 2024

Retail Trade

$300.3
(million)

+1.2%

YR / YR Change

January 2024

Wholesale Trade

$119.1
(million)

+4.6%

YR / YR Change

January 2024

Manufacturing Sales

$314.5
(million)

+14.0%

YR / YR Change

Agriculture & Tourism

2022

Net Farm Income

$32.3
(million)

-65.7%

YR / YR Change

Q4 2023

Farm Cash Receipts

$203.6
(million)

+7.7%

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

January 2024

Food & Drink Receipts

$36.7
(million)

+3.0%

YR / YR Change

Construction

Q1 2024

Housing Starts

394
(new units)

+271 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

February 2024

Building Permits

$23.9
(million)

-27.1%

YR / YR Change

October 2023

Vacancy Rate

1.1
(percent)

+0.3 ppt

YR / YR Change

2022

Total Investment

$1332.8
(million)

+15.3%

YR / YR Change

January 2024

Residential

$97.5
(million)

+124.3%

YR / YR Change

January 2024

Non-residential

$17.9
(million)

-3.9%

YR / YR Change

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