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The Value of the Ocean Sector to the Economy of Prince Edward Island

Where can I find information on the value of the ocean sector to the economy of Prince Edward Island?

The Value of the Ocean Sector to the Economy of Prince Edward Island is the first comprehensive report on the value of ocean-related activities to the Island economy. The ocean sector includes everything from fish and aquaculture harvesting and processing, to boat and shipbuilding, ocean-related tourism, transportation and research. The study, which was based on data from the years 1997-1999, pegged the direct impact of the ocean sector in Prince Edward Island at $247 million a year or 10 per cent of the gross domestic product (GDP). When indirect impacts and spinoffs are taken into account, the total impact of the ocean sector in Prince Edward Island is $421 million or 17 per cent of the province's GDP.

Information contained in The Value of the Ocean Sector to the Economy of Prince Edward Island will assist in development of coastal and ocean policy and management of coastal and ocean resources. The study was jointly funded by the Prince Edward Island Departments of Fisheries Aquaculture and Environment, Development and Technology, and Tourism PEI, as well as Fisheries and Oceans Canada, Environment Canada and the Atlantic Canada Opportunities Agency.

The Value of the Ocean Sector to the Economy of Prince Edward Island is online as a pdf. The report is available in English and French.

Contact

Charlottetown

Jones Building

Trainor, Parnell (Program Statistics Officer)