PEI Economy

A plan is in place for Prince Edward Island to achieve above-average growth and create more opportunities for trade, businesses and job creation. Robust business growth across key sectors will build a more prosperous province and assist PEI in becoming an innovative leader.

Monthly, quarterly, year-to-date and annual statistics related to the Prince Edward Island economy including GDP and labour force statistics, tourism indicators and agricultural market reports are compiled for public use.

PEI has a diversified economy that has posted solid growth over the past decade. A solid mix of small industries in the province protects against the boom or bust cycles which may affect other manufacturing and resource-based economies.

Statistical information about the economy, population and social composition of Prince Edward Island is compiled from a variety of sources including provincial government departments, the private sector and Statistics Canada.

Islanders are known as dedicated, hard-working, loyal employees. Recent data indicates PEI labour costs are among the lowest in Canada and more than 60 per cent of the Island workforce has a post-secondary degree or diploma.