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Overview

Alberta is blessed with an abundance of natural resources, which have formed the foundation of the province's thriving economy. The Alberta government has built on this by engineering an economic plan that ensures a positive business climate exists in our province. A climate that encourages investment, creates diversity, and empowers Alberta businesses to compete successfully around the globe. The result is one of the world's most vibrant and competitive economies.

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Alberta's Economic Results

 Over the past decade, Alberta had the highest rate of economic growth in Canada at 3.7%. In 2005, Alberta's economy grew by an estimated 4.5% and experts predict Alberta will have one of Canada's top performing economies in the future.

 Alberta's exports of goods and services more than tripled between 1995 and 2005 to about $86.1 billion. A growing number of those exports are manufactured products and services. Exports of manufactured goods more than doubled over the same period.

 Alberta has had a rapidly growing manufacturing base. Between 1995 and 2005, manufacturing shipments more than doubled to $59.4 billion.

 The province consistently has the highest investment per capita among provinces. In 2005, Alberta investment per capita was $18,250, more than twice the national average. A total of $60.3 billion was invested in 2005, almost triple the 1995 level.

 Alberta's vibrant economy translates into a healthy job market. Average annual employment in the province in 2005 increased by 26,900 over 2004. Approximately 420,000 new jobs were created between 1995 and 2005.

 Alberta's average unemployment rate in 2005 was the lowest in Canada at 3.9%.

























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