On average, Alberta’s 4.3 million people are the youngest of all Canadian provinces, with a median age of 36.9 years, and 69.5 percent of the province’s labour force aged 25 years and older has a post-secondary degree, diploma or certificate.
In 2018, almost 2.3 million Albertans were employed, international merchandise exports were $117 billion, investment totaled $61 billion, and per capita investment in Alberta was $14,051, more than twice the national average of $6,636.
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.
Although Alberta’s oil, gas and mining sector remains the largest percentage of the province’s GDP, several non-energy sectors displayed considerable growth from 1987 to 2017, including:
- Construction – 6.9 to 9.5 percent of GDP
- Finance, Insurance and Real Estate – 13.8 to 16.5 percent of GDP
- Business and Commercial Services – 6.6 to 10.8 percent of GDP
Here are a few key economic indicators that demonstrate the growth in several areas of Alberta’s economy.
Sources: Alberta Economic Development and Trade, Alberta Energy Regulator, Alberta Treasury Board, Conference Board of Canada Statistics Canada