- Alberta’s borders touch the Canadian Rocky Mountains to the west, the vast prairies to the east, the United States to the south and the Canadian Arctic to the north.
- On average, the province’s 4.3 million people are the youngest of all Canadian provinces, with a median age of 36.9 years.
- 69.5 percent of Alberta’s labor force aged 25 years and older is holding a post-secondary degree, diploma or certificate.
- Alberta’s economy has emerged from its 2015/2016 recession, leading the country in economic growth in 2017. Alberta leads the nation in economic growth during the past 20 years.
- Alberta’s international airports in Edmonton and Calgary provide excellent air service to both domestic and international destinations. • To promote its presence in key markets, Alberta operates 12 international trade and investment offices, including nine in Alberta’s second-largest market, Asia.
Economic Highlights: Did You Know?
- In 2018, per capita investment in Alberta was $14,051, more than twice the national average of $6,636.
- Alberta’s oil sands account for about eight percent of Canada’s overall Green House Gases emissions and Canada is responsible for 1.6 percent of global emissions.
- Although the oil and gas sector remains Alberta’s largest industry, accounting for 16 percent of its GDP, the province’s GDP shares of other sectors, such as construction, real estate, finance and insurance, and business and commercial services grew significantly between 1987 and 2017.
Economic Highlights: Growth
- In 2018, 2.3 million Albertans were employed, international merchandise exports were $117 billion, and investment totaled $61 billion.
- Between 2008 and 2018, Alberta accounted for 19 percent of Canada’s population growth. In fact, Alberta’s population increase of 22 percent over that period was the largest increase of any province or state in North America.
- The Alberta economy grew 4.4 percent in 2017, the highest growth amongst the provinces.
Economic Highlights: Economic Prosperity
- Alberta’s diverse economy provides broad-based growth that is crucial to sustaining stable, long-term economic growth.
- The oil and gas and mining sector account for 16.3 percent of the province’s Gross Domestic Product (GDP), compared with 23.7 percent in 1987.
- Other sectors have shown considerable growth over the past three decades. From 1987 to 2017 the following non-energy sectors grew strongly:
– Construction sector from a 6.9 percent share of GDP in 1987 to 9.5 percent in 2017;
– The finance and insurance and real estate sectors from 13.8 percent to 16.5 percent; and
– Business and commercial services sector from 6.6 percent to 10.8 percent.
Economic Highlights: Attractive Investment Climate
- Alberta has the highest per capita investment among the provinces.
- In 2018, per capita investment in Alberta was $14,051, far greater than the national average of $6,636.
- Non-residential investment increased by 0.5 percent in 2018 to $60.5 billion, as the economy dealt with low oil and gas prices and pipeline constraints.
- Investment is expected to be one of the major drivers of Alberta’s economic growth over the long term, driven by investment in manufacturing (especially chemicals), infrastructure and business services.
- The Government of Alberta’s $34.8-billion infrastructure program in the Jobs Plan is helping stimulate the economy, keep people working and address the province’s infrastructure deficit.
Economic Highlights: Exports
- In 2018, Alberta exported $116.6 billion worth of goods to 188 countries, an increase of 15 percent from 2017.
- Alberta’s large increase in exports in 2018 can be attributed to higher export volumes and to higher prices for crude oil.
- Alberta also exports an increasing amount and variety of manufactured products such as petrochemicals, food products, and metals and machinery.
- Manufacturing exports were at an all-time high in 2018, a 15 percent increase over 2017.
Alberta Incorporation & Business Registration Services
Business Corporations are incorporated in Alberta, according to the provisions of the Alberta Business Corporation Act with the Alberta Corporations Division. Company Formations Canada provides fast and easy Alberta Incorporation Service and provides all the documents your new Alberta corporation will need to stay up-to-date and in compliance with the Alberta Business Corporation Act.
Alberta Incorporation Service for Canadian Residents
Alberta Extra provincial Registration Service for Domestic Corporations
