Highlights of the Alberta Economy Alberta Finance and Enterprise Enterprise Division
Alberta: Alberta: The Best Place to Live, Work and Do Business The Best Place to Live, Work and Do Business
Table of Contents • Economic Highlights – Growth in selected indicators – Economic diversity – Investment – Exports • A Diversified and Rich Economy – Energy – Agriculture – Forestry – Manufacturing – Information and Communications Technology – Tourism
Table of Contents (cont.) • Doing Business in Alberta – Innovation and Entrepreneurship – Research and Development – Government – Educated Work Force – Productivity – Taxes – Workers’ Compensation
Table of Contents (cont.) • Working in Alberta – Strong Labour Market – Taxes – Family Income – Economic Well-being • Living in Alberta – People – Education – Health Care – Arts and Culture – Sports and Recreation – Volunteerism
Economic Highlights Economic Highlights Growth Growth Growth In Selected Indicators: 1999 - 2009 Per Cent Change 24.9 Population 11.0 Canada Alberta 28.7 Employment 16.9 38.8 GDP* 33.8 99.5 Exports** 0.5 109.8 Investment 67.7 *Growth in GDP is for 1998 – 2008 **Goods Exports Source: Statistics Canada and Alberta Finance and Enterprise
Economic Highlights Economic Highlights Economic Diversity Economic Diversity Economic Diversity: 1985 Economic Diversity: 2008 Percentage Distribution of GDP Percentage Distribution of GDP Total GDP: $66.8 Billion Total GDP: $291.7 Billion Construction Construction 6.7% 8.3% Agriculture Agriculture 3.0% Energy Energy 1.8% Health 30.8% Health 36.1% 3.6% 4.0% Education Education 3.6% 3.3% Public Admin. Manufacturing Public Admin. 4.8% 7.3% 3.2% Manufacturing Ret. & Whls Transp. & Util Ret. & Whls 6.0% 8.1% 6.4% 8.6% Transp. & Util Tourism & Cons. 7.7% Tourism & Cons. Bus. & Comm. Serv. Bus. & Comm. Finance & Real Serv. Services Finance & Real 3.8% Services Estate 4.8% 8.5% Estate 5.5% 11.0% 13.1% Sources: Statistics Canada and Alberta Finance and Enterprise
Economic Highlights Economic Highlights Attractive Investment Climate Attractive Investment Climate Total Investment in Alberta Capital Expenditures ($ Billions) 2004 3.7 8.1 14.5 24.5 50.8 65.0 2005 4.7 9.7 16.5 34.1 12.4 2006 5.5 19.0 40.0 76.9 2007 6.6 14.8 22.5 40.0 83.9 13.4 89.7 2008 8.5 25.2 42.7 2009 10.2 22.4 24.5 9.4 66.5 9.6 68.3 2010* 10.8 21.7 26.2 Institutions Housing Non-energy Oil & Gas * Intentions Source: Statistics Canada
Economic Highlights Economic Highlights Exports Exports Alberta’s Major Exports 2009 Total Exports of Goods: $69.1 Billion Crude Petroleum 30.7 Gas and Gas Liquids 14.2 Petrochemicals 5.4 Metals & Machinery 4.6 Crops & Livestock 4.4 Processed Food & Beverages 3.0 Forestry Products 1.8 $ Billions Refined Petroleum Products 1.3 Electronic & Electrical Products 0.8 Sulphur 0.7 Sources: Statistics Canada and Alberta Finance and Enterprise
A Diversified and Resource- -Rich Economy Rich Economy A Diversified and Resource Energy Energy Alberta’s Energy Revenues 2008 Alberta’s Energy Exports 2009 Total: $105.7 Billion Total: $46 Billion Natural Natural Gas & Gas Gas & Gas Liquids Liquids Coal and 46.4% 30.9% Sulphur Coal and 2.2% Sulphur 1.9% Crude Oil Crude Oil 51.6% 66.9% Sources: Statistics Canada, Energy Resources Conservation Board, Alberta Finance and Enterprise
A Diversified and Resource Rich Economy A Diversified and Resource Rich Economy Agriculture Agriculture Alberta’s Major Agricultural Products 2008 Farm Cash Receipts ($ Billions) Total: $10.2 Billion Beef Cattle 2.96 Others 2.19 Canola & Flax 1.86 Wheat (incl. Durum) 1.85 Dairy 0.46 Oats, Rye & Barley 0.42 Hogs 0.40 *Includes specialty cash crops, honey, poultry, eggs, program payments, etc. Source: Statistics Canada
A Diversified and Resource Rich Economy A Diversified and Resource Rich Economy Forestry Forestry Shipments of forest products reached $3.4 billion in 2009, and exports were $1.8 billion*. Alberta covers over 66 million hectares of land, 58% or 38 million hectares of which is forested. Of the forested area, about 60 per cent or 22.5 million hectares are considered suitable for harvest. Annually, Alberta allows 30 million cubic meters (m 3 ) to be harvested, of which 18.4 million m 3 is coniferous, and 11.6 million m 3 is deciduous. Alberta's commercially productive timber land base of 22.5 million hectares covers 35 per cent of Alberta's total area and includes in excess of 2.2 billion m 3 of growing stock. * Includes wood products and pulp & paper
A Diversified and Resource Rich Economy A Diversified and Resource Rich Economy Manufacturing Manufacturing Value of Alberta Manufacturing Shipments 2009 Total: $55.2 Billion Refined Petroleum 12.3 Food 11.9 Chemical Products 9.2 Machinery 4.8 Fabricated Metals 4.3 *Forest Products 3.4 Construction Materials 1.8 Plastics 1.1 Furniture and Fixtures 0.8 $ Billions **Electronic Products 0.6 Other 5.1 *Includes wood and pulp & paper industries **Includes telecom equipment Source: Statistics Canada
A Diversified and Resource Rich Economy A Diversified and Resource Rich Economy Information and Communication Technologies Information and Communication Technologies Norway 82.5 78.3 South Korea Internet Usage – International 2006 Canada* 76.9 Percentage of Adults aged 16 to 74 74.9 Japan** Accessing the Internet Germany 72.2 68.8 U.K. France 46.9 British Columbia 78 Alberta 38.0 77 Italy Ontario 75 * 2007 data 73 Canada ** 2005 data Saskatchewan 73 Internet Usage – Canada 2007 Manitoba 70 Percentage of Adults aged 16 and over Nova Scotia 69 Accessing the Internet Quebec 69 Prince Edward Island 69 New Brunswik 65 Newfoundland and Labrador 61 Sources: Statistics Canada and OECD
A Diversified and Resource- -Rich Economy Rich Economy A Diversified and Resource Tourism Tourism Tourism Receipts 2007 Total: $5.6 Billion Alberta 53% Overseas Other Canadian 14% United States 22% 11% Source: Statistics Canada
Doing Business in Alberta Doing Business in Alberta Innovation and Entrepreneurship Innovation and Entrepreneurship Small Business – Cornerstone of the Economy 1999 – 2009 Percentage Change in Small Business Establishments (Less than 50 Employees) 24.3% Alberta 19.8% Ontario 13.5% British Columbia 11.4% Canada 3.1% Manitoba 1.1% Quebec 0.5% Newfoundland and Labrador -0.3% Nova Scotia -4.1% Saskatchewan -4.9% New Brunswick -13.8% Prince Edward Island Source: Canadian Business Patterns, Statistics Canada
Doing Business in Alberta Doing Business in Alberta Research & Development Research & Development Alberta’s New Advanced Technology Agencies…. Alberta Innovates Builds on strength of Alberta Prion Research Institute and former Alberta Agriculture Research Institute, Alberta Forestry Research Bio Solutions institute and Alberta Life Sciences Institute Alberta Innovates Energy Includes the Alberta Water Research Institute and builds on strengths and Environment of former Alberta Energy Research. Solutions Alberta Innovates Builds on strengths of former Alberta Heritage Foundation for Medical Research Health Solutions Includes programs from Alberta ingenuity and Alberta Advanced Alberta Innovates Education and Technology and builds on strengths of former Alberta Technology Futures Research Council and iCORE Builds on the strengths of Alberta Science and Research Authority Alberta Research and and provides policy direction Innovation Authority
Doing Business in Alberta Doing Business in Alberta Government Government Provincial Net Financial Assets/Debt Provincial Net Financial Assets/Debt as a per cent of GDP, March 31, 2009 as a per cent of GDP, March 31, 2009 Alberta 10.3% Saskatchewan -9.7% British Columbia -13.0% Manitoba -21.5% Ontario -24.9% New Brunswick -26.0% Canada -29.9% Prince Edward Island -30.2% Quebec -31.6% Newfoundland & Labrador -31.9% -36.1% Nova Scotia Note: Excludes Pension Liabilities. Source: Alberta Finance and Enterprise
Doing Business in Alberta Doing Business in Alberta Educated Work Force Educated Work Force Composite Learning Index 2009 Composite Learning Index 2009 Alberta 82.0 Ontario 78.0 British Columbia 77.0 Manitoba 76.0 Canada 75.0 Saskatchewan 75.0 Nova Scotia 71.0 Prince Edward Island 68.0 Quebec 66.0 New Brunswick 63.0 Newfoundland and Labrador 61.0 Source: Canadian Council on Learning
Doing Business in Alberta Doing Business in Alberta Productivity (Total Economy) Productivity (Total Economy) Labour Productivity 2008 Real GDP per Hour Worked, in 2002 constant dollars $47.79 Alberta $47.15 Newfoundland and Labrador $41.84 Saskatchewan $41.65 Ontario $41.01 Canada British Columbia $39.19 $39.09 Quebec Manitoba $36.12 $33.58 Nova Scotia New Brunswick $32.23 $30.66 Prince Edward Island Source: Statistics Canada, Alberta Finance and Enterprise
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