Quick Fact Dashboard About the Dashboard This quick fact dashboard presents a range of economic and social indicators for Newfoundland and Labrador. The individual indicators can be explored in more detail to show the change over time using an interactive chart and data table as well as providing additional information, sources, or tools. The list presented is not intended to be exhaustive or inclusive of a defined framework and will be adjusted over time to include additional indicators of importance. Population and Demography Population January 2024 540,552 Y/Y Change: 5,588 January 2023 Value: 534,964 More Details Natural Change 4th Quarter 2023 -919 Y/Y Change: -53 4th Quarter 2022 Value: -866 More Details Net Migration 4th Quarter 2023 1,053 Y/Y Change: -1,333 4th Quarter 2022 Value: 2,386 More Details Labour Labour Force March 2024 271,000 seasonally adjusted Y/Y % Change: 2.53% March 2023 Value: 264,300 More Details Persons Employed March 2024 243,700 seasonally adjusted Y/Y % Change: 2.83% March 2023 Value: 237,000 More Details Unemployment Rate March 2024 10.1 % seasonally adjusted Y/Y Change:-0.3 pct points March 2023 Value: 10.4 % More Details Participation Rate March 2024 58.9 % seasonally adjusted Y/Y Change:0.6 pct points March 2023 Value: 58.3 % More Details Actual Hours Worked March 2024 8,186,200 Y/Y % Change: 9.33% March 2023 Value: 7,487,500 More Details Employment Insurance Beneficiaries February 2024 49,330 unadjusted Y/Y % Change: -1.00% February 2023 Value: 49,830 More Details Consumer Activity Retail Trade Sales February 2024 $819,035,000 unadjusted, 2022 NAICS Y/Y % Change: 8.70% February 2023 Value: $753,516,000 More Details New Motor Vehicle Sales February 2024 $91,523,000 Y/Y % Change: 22.81% February 2023 Value: $74,522,000 More Details Consumer Price Index (monthly) March 2024 161.9 Y/Y % Change: 3.12% March 2023 Value: 157.0 More Details Consumer Price Index (annual) 2023 159.0 average across year Y/Y % Change: 3.31% 2022 Value: 153.9 More Details Household Consumption 2022 17.607 $ billions Y/Y % Change: 1.60% 2021 Value: 17.329 $ billions More Details New Housing Price Index March 2024 105.7 house and land Y/Y % Change: -0.47% March 2023 Value: 106.2 More Details Food services and Drinking places sales February 2024 $91,986,000 seasonally adjusted Y/Y % Change: 4.34% February 2023 Value: $88,158,000 More Details Consumer Bankruptcies February 2024 41 Y/Y % Change: -33.87% February 2023 Value: 62 More Details Construction Investment In New Building Construction February 2024 $29,474,949 Y/Y % Change: -13.44% February 2023 Value: $34,049,543 More Details Number of Building Permits February 2024 179 residential and non-residential, all types of work Y/Y % Change: 1.13% February 2023 Value: 177 More Details Housing Starts 1st Quarter 2024 263 houses Y/Y % Change: 163.00% 1st Quarter 2023 Value: 100 More Details Industry Oil Production February 2024 6,152,576 barrels Y/Y % Change: 5.83% February 2023 Value: 5,813,851 More Details Mineral Shipments 2023 4.345 $ billions, gross value Y/Y % Change: -18.64% 2022 Value: 5.341 $ billions More Details Manufacturing Shipments February 2024 $230,447,000 Y/Y % Change: 0.58% February 2023 Value: $229,123,000 More Details Total Fish Landings 2023 $730,064,605 all species Y/Y % Change: -42.36% 2022 Value: 1.266 $ billions More Details Newsprint Shipments 4th Quarter 2023 52,067 tonnes Y/Y % Change: -6.66% 4th Quarter 2022 Value: 55,782 More Details Income Total Household Income 2022 29.168 $ billions Y/Y % Change: 2.31% 2021 Value: 28.510 $ billions More Details Average Weekly Earnings February 2024 $1,228.28 2023 data is preliminary Y/Y % Change: 6.36% February 2023 Value: $1,154.83 More Details Percentage of People in Low Income 2022 9.8 % StatCan MBM Y/Y Change:1.7 pct points 2021 Value: 8.1 % More Details Number of People in Low Income 2022 51,000 rounded StatCan MBM Y/Y % Change: 21.43% 2021 Value: 42,000 More Details Income Support Recipients March 2024 29,207 Y/Y % Change: 0.03% March 2023 Value: 29,197 More Details Economic Output Gross Domestic Product (GDP) 2022 40.720 $ billions Y/Y % Change: 6.79% 2021 Value: 38.131 $ billions More Details Gross Domestic Product (chained 2017) 2022 32.293 $ billions Y/Y % Change: -1.69% 2021 Value: 32.847 $ billions More Details Exports for All Industries February 2024 1.349 $ billions Y/Y % Change: 55.46% February 2023 Value: $868,281,400 More Details
