Economic Results

  • Over the past five years, Alberta had the highest rate of economic growth rate in Canada at 4.7% per year. In 2007, Alberta's economy grew by 3.3% 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 doubled between 1997 and 2007 to $90.5 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 1997 and 2007, manufacturing shipments almost doubled to $67.1 billion.

  • The province consistently has the highest investment per capita among provinces. In 2007, Alberta investment per capita was $23,230, more than twice the national average. A total of $80.7 billion was invested in 2007, almost triple the 1997 level.

  • Alberta's vibrant economy translates into a healthy job market. Average annual employment in the province in 2007 increased by 88,200 over 2006. More than 500,000 new jobs were created between 1997 and 2007.

  • Alberta's average unemployment rate in 2007 was the lowest in Canada at 3.5%.

Date Updated: May 27, 2008
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