Prince Edward Island’s economy features a mix of traditional resources – agriculture, fishing and tourism – as well as growing industry sectors of food, bioscience and advanced manufacturing.
The economy of Prince Edward Island is traditional and modern, rural and urban. Our economy is successful because people, from every community and sector across our province, are passionate about Prince Edward Island. Creativity, entrepreneurship and hard work are values that are rooted deeply here.
We continue to experience population growth, due in part to increased international immigration. In fact, PEI is the only Atlantic province in which the population is becoming younger.
Key Indicators
- On Prince Edward Island, full-time employment is higher than the national average in Canada.
- PEI employment averaged 73,400 with the second strongest performance among provinces.
- PEI hosts more than 1.5 million visitors annually.
- The Island is a lead innovator in wind energy. Almost 24% of the province’s electrical needs are powered by wind through a combination of provincially owned and private wind developments.
Cost of living
Residents of Prince Edward Island enjoy a comfortable life, with relatively low costs of living, housing and heating costs. Although rising, housing and real estate costs remain among the lowest in the country. The province has one of the highest home ownership rates in the country. In many communities of PEI, you can buy a three or four-bedroom home, with a yard and a garage, at the surprisingly low cost of $250,000 on average.
Job & Career Opportunities
Career opportunities in Prince Edward Island are as diverse as the land we call home.
You can make a difference here. Our people and our companies have many unique stories, but keeping score has never been our thing.
