The Calgary - Edmonton Corridor
Alberta is blessed with an abundance of natural advantages, which have formed the foundation of our 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.
- 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%.
