Manitoba Economy and Fiscal Update 2023
Manitoba
Manitoba Economic Outlook at a Glance
Despite higher interest rates, the Manitoba
economy showed unexpectedly solid gains in the
first half of 2023, with sales from retail, wholesale
and manufacturing sectors continuing to increase
at a steady pace.
Persistently-high inflation combined with ongoing
increases in interest rates are expected to slow
growth in the second half of 2023 and into 2024.
Budget 2023
2023F
Q1 Report
2023F
Budget 2023
2024F
Q1 Report
2024F
Gross Domestic Product
Real
0.7
1.7
1.1
0.9
Nominal
2.2
3.9
3.0
2.7
Consumer Price Index
3.8
3.9
2.2
2.3
Employment
0.4
1.8
0.8
0.8
Unemployment Rate (%)
5.4
4.9
5.9
5.4
Population
1.0
1.6
1.0
1.3
per cent change unless otherwise noted
Source: Manitoba Finance Survey of Economic ForecastsView entire presentation