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
Occupation Projections Sep 28 Projections for 2018 to 2027
Selected Economic IndicatorsPDF opens in new window Aug 22 Latest economic forecast and historical data
Real GDP Growth Forecast May 15 Real GDP growth forecast for 2018 and 2019 from NL Finance and selected forecasters.
Employment Growth Forecast May 15 Employment growth forecast for 2018 and 2019 from NL Finance and selected forecasters.
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. 
Car Sales Bulletin Mar 27 Car Sales Decreased by -1.3% in 2017
Consumer Price Index Bulletin Mar 27 Consumer Inflation Averaged 2.7% in 2017
Labour Markets Bulletin Mar 27 Employment Decreased by 0.7% in February 2018
Population Bulletin Mar 27 Population stood at 527,613 as of January 1, 2018
Retail Sales Bulletin Mar 27 Retail Sales Up 2.8% in 2017
Inflation Calculator Mar 26 2017 Update
Population Projections Dec 22 Updated November 2017
The Economic Review 2017PDF opens in new window Nov 14 Review of economic performance in Newfoundland and Labrador and outlook for the medium term. 
Oil Bulletin Apr 06 Oil Production Increased 22.5% in 2016
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