The Index of Economic Well-being for Newfoundland and Labrador, 1981-2018

Kimberly Wong (), Alex Stephens () and Andrew Sharpe ()

No 2020-05, 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 Newfoundland and Labrador from 1981 to 2018. We find that the IEWB for Newfoundland and Labrador increased at an average annual rate of 1.75 per cent per year over the period. All four domains grew between 1981 and 2018, with the strongest growth in consumption and wealth. However, at the end of the period between 2014 and 2018, the IEWB along with the four domains deteriorated. Nevertheless, Newfoundland and Labrador enjoyed significant improvement between 1981 and 2018, especially compared to the other provinces. Newfoundland and Labrador achieved the fourth highest IEWB level of the ten provinces in 2018 and, most impressively, the highest growth between 1981 and 2018.

Keywords: Newfoundland and Labrador; Index of Economic Well-being; Living Standards; Wealth; Consumption; Canada (search for similar items in EconPapers)
JEL-codes: D10 D31 J10 J17 (search for similar items in EconPapers)
Date: 2020-08
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