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The latest Annual Statistical Review released by the PEI Statistics Bureau shows that Prince Edward Island experienced economic and social growth last year, says Finance and Municipal Affairs Minister Wes Sheridan.

“With an increase in Gross Domestic Product and total investment, as well as population and employment growth, we are seeing continued signs of resilience in the Prince Edward Island economy,” said Minister Sheridan. “The 2010 Annual Statistical Review provides Islanders with the most up-to-date information on the economy, population and social make-up of the province; it also provides people in education, leadership and planning roles with a consistent source of useful information.”

In 2010, the Province of Prince Edward Island passed the PEI Statistics Act. As a result of the Act, the PEI Statistics Bureau was formed in 2010 with the legislated mandate to plan, promote and develop integrated social and economic statistics for Prince Edward Island.

Highlights from 2006 to 2010 include the following:

• Total GDP increased from $4,315 million to $4,750 million (2009), up by 10.1 per cent

• Total public and private capital expenditures increased from $827.3 million to $957.8 million, an increase of 15.8 per cent

• The population increased from 137,920 to 142,266, or by 3.1 per cent

• Total number of employed went from 68,200 to 70,600, up by 3.5 per cent

• Total labour income increased by 17.4 per cent

• Retail sales rose by 17.3 per cent

• New motor vehicle sales increased from $130 million to $168.5 million, an increase of 29.6 per cent

• The value of manufacturing shipments declined by 9.4 per cent

The statistical review is available at www.gov.pe.ca/asr.