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Prince Edward Island: Economy

Agriculture, tourism and fishing are the economic mainstays of Prince Edward Island. Prince Edward Island's rich, red, soil is ideal for growing potatoes, which are the most important source of income for the province's farms. Most industrial activity has to do with food processing, although high-technology is becoming important, especially in the medical, electronics and agricultural fields.

Although lobster remains 'king' of the waters off Prince Edward Island, about 30 other fish and seafood species are caught, notably cultivated mussels, herring, bluefin tuna and the renowned Malpeque oysters.

Prince Edward island is known for its beauty, and over 800 km of beaches. Tourism has become a major industry on the Island and the new bridge to the Mainland has increased its tourist potential. PEI is the home site of Lucy Maude Montgomery, author of the 'Anne of Green Gables' and other books, and has become an international tourist phenomenon with people from all cultures coming to participate in cultural events and fairs.