PRINCE EDWARD ISLAND 45TH ANNUAL STATISTICAL REVIEW 2018 PROVINCE OF PRINCE EDWARD ISLAND FORTY-FIFTH ANNUAL STATISTICAL REVIEW 2018 Prepared by: P.E.I. Statistics Bureau Department of Finance July 2019 Government of Prince Edward Island Home Page: www.princeedwardisland.ca Table of Contents Foreword ...........................................................................................................................................1 Map of Prince Edward Island ...........................................................................................................2 A Historical Note ...............................................................................................................................3 Key Facts About Prince Edward Island ............................................................................................4 Economic Review 2017 ......................................................................................................................7 Overview ...........................................................................................................................................7 The Canadian Economy ..................................................................................................................8 The American Economy ..................................................................................................................9 The Prince Edward Island Economy .............................................................................................10 Industrial Profiles ..........................................................................................................................14 Index of Statistical Tables ...............................................................................................................19 Table No. Page No. 1 to 15 Population and Census .....................................................................................25 to 40 16 to 23 Labour Force ....................................................................................................... 41 to 45 24 to 37 Income and Taxation .........................................................................................46 to 55 38 to 44 Gross Domestic Product, Interest and Exchange Rates ....................................56 to 62 45 to 48 Price Indexes.......................................................................................................63 to 66 49 to 54 Trade ...................................................................................................................67 to 70 55 to 63 Investment and Construction ........................................................................... 71 to 75 64 to 82 Farming, Fishing and Forestry ...........................................................................76 to 85 83 to 86 Tourism and Accommodations .........................................................................86 to 88 87 to 96 Manufacturing and Energy ................................................................................88 to 93 97 to 99 Transportation ....................................................................................................94 to 95 100 to 113 Education, Justice, and Health ........................................................................96 to 105 114 to 117 Government ....................................................................................................106 to 110 Welcome to the 2018 Annual Statistical Review The Annual Statistical Review is an important reference document produced by the Government of Prince Edward Island. The availability of up-to-date, accurate and impartial statistics is vital for government decision makers and an informed public. The information provided in the review helps inform government, and the general public, on a wide variety of topics. This document is a valuable tool to help measure the level of success of government programs and services and to determine where there may be a need for new programs and services. The Annual Statistical Review provides high-level information and many interesting facts in over 100 data tables on a wide range of topics, such as demography, labour, economic accounts, primary industry, and manufacturing, among others. The information is compiled from a variety of sources, including Statistics Canada , provincial government departments, and the private sector. All tables are referenced to the source for those interested in more detailed information on these topics. In addition to publishing the Annual Statistical Review, the staff of the Statistics Bureau are consistently working to provide up-to-date monthly and quarterly statistical information online. You can visit the Department’s Economics and Statistics website at: princeedwardisland.ca/en/topic/economics-and-statistics. I would like to thank them for their ongoing hard work and dedication and for gathering the information for this year’s annual review. If you have any suggestions, comments or inquiries, please contact the staff of the Prince Edward Island Statistics Bureau at 902-368-4030. Darlene Compton Minister of Finance Prince Edward Island 45th Annual Statistical Review 1 Map of Prince Edward Island Map of Prince Edward Island 45th Annual Statistical Review 2 A Historical Note Before the European explorations, Prince Edward Island was frequently used by the Mi’kmaq People for fishing, hunting and some planting. The Mi’kmaq called the island Epekwitk, meaning “cradle on the waves.” Europeans later changed the pronunciation of the name to Abegweit. Historians credit the European discovery of the Island to Jacques Cartier, the French navigator, who claimed the Island for Francis I, King of France, on July 1, 1534. In 1720 the Island, then called Île Saint Jean, was colonized by 300 French settlers, sponsored by a commercial company of the Comte de Saint Pierre. The Island was ceded to Great Britain in 1763. Two years later the designated capital city of the Island of St. John took on the name Charlotte Town in honour of Queen Charlotte, wife of King George III of England. In 1799 the colony was renamed Prince Edward Island in honour of Edward, Duke of Kent, who was then commander of the British forces in North America. Prince Edward Island is known as the “Cradle of Confederation”, because the Charlottetown Conference, held there in 1864, initiated the movement toward Canada’s federation. The Island became a province in 1873. The Armorial Bearings1 of the Province of Prince Edward Island, shown above, were proclaimed to come into force on December 13, 2002. The centrepiece is the Shield of Arms, granted by King Edward VII in 1905, featuring the English heraldic lion, a large oak tree on the right and three young saplings on the left. The mature tree originally represented England, while the three saplings stand for the three counties - Kings, Queens and Prince. Scrolled along the bottom of the Shield of Arms are the Latin words Parva Sub Ingenti, which, when translated, read: The small under the protection of the great. The surrounding elements of the Armorial Bearings illustrate significant characteristics of the province, its position in the Canadian federation, its founding peoples and its natural resources. 1 Description of the Armorial Bearings on this page, and the provincial flag and bird on the following pages, is adapted from the government publication The Symbols of Prince Edward Island. 45th Annual Statistical Review 3 Key Facts About Prince Edward Island Land area ................................................. 5,656 sq. km (1,397,628 acres) Total area of farms .................................... 2,405 sq. km (594,324 acres) Population (July 1, 2018, preliminary) ........................................153,244 2016 Census count (May 10, 2016) ..............................................142,907 Total private dwellings (2016 Census) .......................................... 71,119 Urban population (2016 Census) ................................................. 85,912 Rural population (2016 Census) ............................................... 56,995 PROVINCIAL FLAG Farm population (2016 Census).....................................................4,390 The design of the Prince Edward Island Flag is modelled after the Coat of Arms in Non-farm population (2016 Census) ..........................................135,295 rectangular shape and is bordered on the Francophone population (2016 Census) .........................................4,865 three sides away from the mast by alternate bands of red and white. The official flag Population density per sq. km (2016 Census) ................................... 25.1 was established March 24, 1964. Counties and their populations (2018, preliminary): Kings County (area: 1,684 sq. km) ................................................................................................... 18,069 Queens County (area: 2,020 sq. km) ................................................................................................... 89,602 Prince County (area: 1,980 sq. km) .................................................................................................... 45,573 Population of selected Island communities (2016 Census): Cities: Charlottetown (incorp.1855) .......................... 36,094 Summerside (incorp.1877) ............................. 14,829 Towns: Cornwall (incorp.1995) ................................... 5,348 Stratford (incorp.1995) ..................................