Finance

Economic and Project Analysis

In March 2017, the Economic and Project Analysis Division (EPAD) was formed by the combination of the previous Economic Research and Analysis, Fiscal Policy and Project Analysis divisions of the Department of Finance. EPAD is responsible for economic analysis and forecasting, economic impact analysis, and demographic analysis and population projections. The division is responsible for forecasting and analyzing revenues and providing a wide range of fiscal and economic inputs into the overall Budget preparation. It also provides assessment of projects, programs, government services, and other economic development initiatives from a business’s or proponent’s point of view utilizing discounted cashflow, risk analysis, and sensitivity analysis. EPAD is also responsible for the publication of the budget document, The Economy and the midyear review report, The Economic Review.

Recently Updated Date Headline
The Economic Review 2018PDF opens in new window Nov 6 Review of economic performance in Newfoundland and Labrador and outlook for the short term. 
Selected Economic IndicatorsPDF opens in new window Nov 6 Latest economic forecast and historical data
Real GDP Growth Forecast Nov 6 Real GDP growth forecast for 2018 and 2019 from NL Finance and selected forecasters.
Employment Growth Forecast Nov 6 Employment growth forecast for 2018 and 2019 from NL Finance and selected forecasters.
Oil Bulletin Nov 6 Oil Production Down 2.9% in September
Car Sales Bulletin Nov 6 Car Sales Decreased by 9.9% in First Half of 2018
Consumer Price Index Bulletin Nov 6 Consumer Inflation Averaged 1.8% in First Three Quarters of 2018
Labour Markets Bulletin Nov 6 Employment Increased by 1.0% in October 2018
Population Bulletin Nov 6 Population stood at 525,355 as of July 1, 2018
Retail Sales Bulletin Nov 6 Retail Sales Down 1.7% in First Half of 2018
Occupation Projections Sep 28 Projections for 2018 to 2027
The Economy 2018PDF opens in new window Mar 27 The Economy is an annual publication providing a review of economic performance in Newfoundland and Labrador and medium term outlook.
Major Capital Projects Mar 27 Information on capital projects and spending programs in Newfoundland and Labrador valued at $1 million or more, including both public and private projects that are either continuing or beginning in the current year. 
Inflation Calculator Mar 26 2017 Update
Population Projections Dec 22 Updated November 2017
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