EconomyAs a small province, Prince Edward Island has historically depended on the land and the sea as the basis for its primary industries - agriculture, fisheries and tourism.
Today, the Government of Prince Edward Island is building on these long-established sectors as well as capturing the potential of new industries. Through the Island Prosperity Strategy, the economy is diversifying with support for growth industries such as aerospace, bioscience, including agriculture and fisheries, information technology, and renewable energy.
Highlights of Prince Edward Island's 39th Annual Statistical Review - 2012 indicate:
• The annual average of total employment has increased by 1.1 per cent.
• Total labour income went up by 3.4 per cent.
• Residential investment increased by 6.1 per cent over 2011.
• Total livestock receipts grew 4.8 per cent, increasing for the third consecutive year.
• Fish landings increased by 23.6 per cent as the value of lobster landings went up by 59.2 per cent from 2011.
• The total number of passengers travelling through Charlottetown Airport increased by 4.3 per cent. Cruise ship passengers increased by 10.0 per cent, while ferry and bridge traffic increased by 1.1 and 1.2 per cent, respectively.
• The value of manufacturing shipments increased by 6.1 per cent.
• The total value of exported goods increased by 15.4 per cent, following a 5.5 per cent increase in 2011.
- 2006 Community Profiles for Prince Edward Island
- 39th Annual Statistical Review 2012 - published June 2013 [PDF 3,194.24kb]
- Community Accounts
- Economics, Statistics and Federal Fiscal Relations