Prince+Edward+Island+Economics


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**__Economics__**

As 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 Economic Progress Report - 2009 indicate: • PEI is leading the nation in the rate of job creation and in non-residential construction. • The number of jobs on PEI has increased by 2.3 per cent on a year-to-date basis. • Total labour income increased by 4.7 per cent. • Housing starts increased 9.5 per cent. • Farm cash receipts increased by 16.3 per cent. • Fish landings improved but faced lower prices. • Bridge traffic and cruise ship visits have increased. • The value of manufacturing shipments declined by 5.1 per cent, the least of all provinces. • PEI is the only province to see an increase in the value of international exports.

The above information is from [|Prince Edward Island]