The Economy 1998


Indicators

Newfoundland and Labrador: 1994-1998f

  1994 1995 1996 1997 1998f
GDP at market prices ($m)

% change

9,816

3.3

10,425

6.2

10,394

-0.3

10,197

-1.9

10,613

4.1

GDP at market prices (86$m)

% change
8,118

2.1

8,240

1.5

8,080

-1.9

7,975

-1.3

8,335

4.5

Personal Income ($m)

% change

% change - (86$)

10,359

2.5

1.2

10,397

0.4

-1.1

10,254

-1.4

-2.9

10,069

-1.8

-3.7

10,264

1.9

0.7

Retail Trade ($m)

% change

% change - (86$)

3,409

2.4

1.8

3,478

2.0

1.2

3,447

-0.9

-2.2

3,643

5.7

3.9

3,665

0.6

-0.1

Capital Investment ($m)

% change

% change - (86$)

2,906

17.0

13.9

2,829

-2.7

-3.7

2,829

-19.0

-18.6

2,505

9.3

8.4

2,795

11.6

8.8

Labour Force (000’s)

% change

244.5

1.1

241.5

-1.2

235.5

-2.5

236.2

0.3

237.9

0.7

Employment (000’s)

% change

194.6

0.7

197.3

1.4

189.7

-3.9

191.9

1.1

195.7

2.0

Unemployment Rate (%)

Annual Average

20.4 18.3 19.4 18.8 17.8
CPI (1986 = 100)

% change

125.7

1.3

125.7

1.4

125.7

1.6

132.1

2.0

133.7

1.2

Housing Starts

% change

2,243

-6.7

1,712

-23.7

2,034

18.8

1,696

-16.6

1,713

1.0

Notes: f: forecast (Government of Newfoundland and Labrador), March 1998.
Source: Statistics Canada; Canada Mortgage and Housing Corporation;
Economics and Statistics Branch, Department of Finance.

 


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