9
2018
Annual
Report
Mike
Peters
Indicators (Winnipeg CMA) 2016 2017 2018
2019
(forecasted)
Real gross domestic product (GDP) $37.5 B $38.8 B $40.2 B $41.1 B
Population 726,100 741,700 753,700 n/a
Employment 425,100 432,300 438,200 447,000
Unemployment (%) 6.6 5.8 6.3 6.3
Household income per capita $44,687 $45,308 $46,384 $47,617
Retail sales $11.6 B $12.5 B $12.6 B $13.1 B
Consumer price index (CPI) 128.1 130.2 133.3 135.9
Hotel occupancy rate (%) 65.8 70.8 70.2 n/a
Hotel revenue per available room* $82.00 $89.00 $90.18 n/a
Hotel daily room rate $124.31 $126.14 $128.53 n/a
*RevPar average rental income per occupied room in a given time period indicates the hotel's performance (supply available vs. demand)
Winnipeg Outlook
Winnipeg's Census Metropolitan Area (CMA) saw strong growth in 2018. Growth has been steady
for Winnipeg CMA's diverse economy, recording nine consecutive years of expansion. The Winnipeg
CMA's real GDP ranking in 2018 was third out of 29 major Canadian CMAs.
Source: Conference Board of Canada.
