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Agriculture and fishing have long dominated the economy. Since earliest settlement, fishing has been important, yielding an abundance of lobsters, oysters, halibut, mackerel, and herring. Livestock, fruit, and vegetables are produced, and potatoes are exported.
Because of the lack of raw materials and cheap sources of power, manufacturing is largely limited to food processing, such as the making of butter and cheese and the canning of pork and lobsters. There has been little diversification of the economy, but the tourist industry has grown. Sites and events associated with Anne of Green Gables, the story by islander Lucy Maud Montgomery, draw many visitors, and the Confederation Bridge is expected to greatly increase tourism.
The Univ. of Prince Edward Island is at Charlottetown.
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