The Index of Economic Well-being for New Brunswick, 1981-2019

Andrew Sharpe ()

No 2021-08, CSLS Research Reports from Centre for the Study of Living Standards

Abstract: This report presents estimates of the Index of Economic Well-being (IEWB) and its four domains (consumption flows, stocks of wealth, economic equality and economic security) for New Brunswick from 1981 to 2019. We find that the IEWB for New Brunswick increased at an average annual rate of 1.34 percent per year over the period. Among the four domains that compose the IEWB, consumption and equality have had positive growth rates, while the wealth domain and the security domain have had small falls. The consumer domain had the highest growth rate (4.31 percent per year) and the equality domain had a growth rate of 1.81 percent per year over the period. The wealth domain declined by 0.24 percent per year and the security domain declined by 0.27 percent per year between 1981-2019. In 2019, among the provinces, New Brunswick is in ninth place, but the province stands out with the second highest ranking in terms of equality. In terms of growth rates, the province had the third highest growth rate in the IEWB between 1981-2019. It also had the second highest growth rate among the provinces in the consumption domain and the best growth rate in the equality domain.

Keywords: Index of Economic Well-being; New Brunswick (search for similar items in EconPapers)
Date: 2021-10
New Economics Papers: this item is included in nep-his
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