The Economy

Agriculture, tourism and fishing are the economic mainstays of Prince Edward Island. Most of the industrial activity has to do with food processing, although high-technology industry is becoming important, especially in the medical, electronics and agricultural fields.

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.

Although lobster is 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.

The island's 800 kilometres of beaches attract over 665 000 visitors yearly for relaxation and water sports, including bluefin tuna fishing.