Strong Economy

• Because of the global economic crisis, Alberta’s economy contracted by 0.2 per cent in 2008. However, even with this decline Alberta still leads all provinces in economic growth during the past five years, with an average annual GDP growth of 3.8 per cent per year.

• Alberta has capitalized on its strengths in agriculture, energy, forestry and industrial products to develop a dynamic and diverse economy.

• Over the past decade, the economy has experienced rapid growth in such industries as oil sands, machinery, fabricated metals, construction, retail and wholesale trade, and business services.

Structure of the Alberta Economy
Percentage Distribution of GDP

Date Updated: Nov 06, 2009
RDP-744