P.E.I.'s exports are on the rise, says the Atlantic Provinces Economic Council, and that will lead to economic growth in 2012 and 2013.
APEC is holding its annual series of meetings across Atlantic Canada, delivering its economic outlook for the region.
Senior policy analyst Fred Bergman said exports in the aerospace, lobster and processed potato industries are helping boost the Island's economy.
"It's been a good year for P.E.I. We are seeing it in a number of indicators," said Bergman.
"Labour income in the first half of the year was up 2.4 per cent in P.E.I., and that's actually stronger than what's been experienced in both Nova Scotia and New Brunswick. We've seen stronger retail sales growth in P.E.I. versus the other two provinces year-to-date. It's been a pretty good year for P.E.I. and that's why we're expecting real GDP growth."
APEC is forecasting a 1.6 per cent growth in GDP on the Island in 2012 and 1.4 per cent in 2013.