Highlights of the Alberta Economy 2013 Alberta Enterprise and - - PowerPoint PPT Presentation
Highlights of the Alberta Economy 2013 Alberta Enterprise and Advanced Education Table of Contents Economic Highlights Doing Business in Alberta Growth Competitiveness Economic prosperity Entrepreneurship
– Growth – Economic prosperity – Attractive Investment Climate – Exports
based Economy – Energy – Agriculture – Manufacturing – Advanced Technology Broadband Usage – Financial Services – Tourism
– Competitiveness – Entrepreneurship – Research and Development – Government – Competitive Corporate Taxes – Provincial and State Corporate Taxes – Educated Work Force
– Strong Labour Market – Low Personal Taxes – Family Income – Standard of Living
– People – Education – Quality Education – Health Care – Arts and Culture – Donations and Volunteerism
Growth In Selected Indicators: 2002 - 2012 Per Cent Change
Source: Statistics Canada and Alberta Enterprise and Advanced Education
83.0 17.0 20.4 14.4 11.2 130.3 95.1 34.8 28.2 23.8
Investment Goods Exports GDP Employment Population
Alberta Canada
Economic Diversity: 1985 Percentage Distribution of GDP Total GDP: $66.8 Billion
Sources: Statistics Canada; Alberta Treasury Board and Finance and Alberta Enterprise and Advanced Education
Economic Diversity: 2012 Percentage Distribution of GDP Total GDP: $306.7 Billion
Energy 36.1% Manufacturing 6.0% Transportation & Utilities 7.7% Business & Commercial Services 5.5% Finance & Real Estate 11.0% Tourism & Consumer Services 3.8% Retail & Wholesale 8.1% Public Administration 4.8% Education 3.6% Health 3.6% Agriculture 3.0% Construction 6.7%
Energy 22.1% Manufacturing 7.5% Transportation & Utilities 6.4% Business & Commercial Services 10.6% Finance & Real Estate 13.1% T
Consumer Services 4.5% Retail & Wholesale 8.9% Public Administration 4.7% Education 3.8% Health 5.2% Agriculture 1.4% Construction 11.8%
Per Capita Investment (2012)
$6,751 $7,159 $7,760 $8,574 $8,821 $9,713 $10,063 $11,224 $19,343 $19,581 $25,348
Prince Edward Island Nova Scotia New Brunswick Ontario Quebec Manitoba British Columbia Canada Saskatchewan Newfoundland & Labrador Alberta
Sources: Statistics Canada and Alberta Enterprise and Advanced Education
* Exports of services are not included in this estimate Sources: Statistics Canada and Alberta Enterprise and Advanced Education
Alberta’s Major Exports 2012* Total Exports of Goods ($94.8 Billion)
$ Billions
1.8 0.9 0.9 2.1 2.7 3.5 5.3 5.6 6.6 8.3 57.0 Others Electronic & Electrical Products Sulphur & Coal Forestry Products Refined Petroleum Products Processed Food & Beverages Metals & Machinery Crops & Livestock Petrochemicals Gas and Gas Liquids Crude Petroleum
Alberta’s Energy Revenues 2012 Total: $85.5 Billion
Sources: Statistics Canada, Energy Resources Conservation Board, Alberta Enterprise and Advanced Education
Alberta’s Energy Exports 2012 Total: $66.1 Billion
Natural Gas & Gas Liquids 19.4% Coal and Sulpur 1.7% Crude Oil 78.9%
Natural Gas & Gas Liquids 12.5% Coal and Sulphur 1.4% Crude Oil 86.1%
*Includes specialty cash crops, honey, poultry, eggs, program payments, etc. Source: Statistics Canada
Alberta’s Major Agricultural Products 2012 Farm Cash Receipts ($ Billions) Total: $12.0 Billion
0.33 0.41 0.52 2.06 2.18 3.10 3.40 Oats, Rye & Barley Hogs Dairy Wheat (incl. Durum) Other* Canola & Flax Beef Cattle
Source: Statistics Canada
$ Billions
Value of Alberta Manufacturing Shipments in 2012 Total: $73.5 Billion
7.5 0.8 1.2 2.4 3.1 6.3 8.2 11.6 12.7 19.7 Other Manufacturing Printing & Publishing Electronic & Electrical Products Construction Materials Wood Products Fabricated Metals Machinery Chemical Products Food & Beverage Refined Petroleum
Sources: Statistics Canada and OECD
Broadband Usage– Canada 2010 Percentage of Households Accessing the Internet by Broadband 49 63 67 73 75 83 97 Italy Japan France Canada Germany Norway Korea Broadband Usage– International 2010 Percentage of Households Accessing the Internet by Broadband 62 66 67 68 69 70 71 73 74 79 80
Quebec New Brunswick Newfoundland and Labrador Manitoba Prince Edward Island Nova Scotia Saskatchewan Canada Ontario British Columbia Alberta
18 19 20 22 27 Quebec British Columbia Canada Ontario Alberta
29 32 34 43 64
Ontario Canada Quebec British Columbia Alberta
Financial Services Employment Growth 2002 - 2011 Percentage increase in Employment Financial Services GDP Growth 2002 - 2011 Percentage increase in GDP
Source: Statistics Canada
Alberta Tourism Receipts by Visitor Origin (2011) Total: $7.8 Billion
Source: Statistics Canada and Alberta Tourism, Parks and Recreation
Overnight Tourism by Tourism Destination Region (2011) Total : 41.7 Million Person Nights
Alberta North 9% Alberta Central 16% Edmonton & Area 23% Canadian Rockies 17% Calgary & Area 25% Alberta South 9% Unspecified Region 1%
Alberta 65% Other Canada 19% United States 7% Overseas 9%
Source: Statistics Canada – GDP at basic prices
Business Sector Labour Productivity 2012 Real GDP per Hour Worked, in 2007 constant dollars
$28.60 $34.70 $36.80 $43.30 $43.60 $43.90 $44.10 $47.70 $58.30 $68.10 $68.50
Prince Edward Island Nova Scotia New Brunswick Manitoba British Columbia Quebec Ontario Canada Saskatchewan Newfoundland and Labrador Alberta
Source: Canadian Business Patterns, Statistics Canada
Small Business – Cornerstone of the Economy 2002 – 2012 Percentage Change in Small Business Establishments (Less than 50 Employees)
0.5% 4.2% 5.5% 9.2% 12.5% 15.2% 16.6%
Prince Edward Island New Brunswick Nova Scotia Quebec Saskatchewan Manitoba Newfoundland and Labrador Canada British Columbia Alberta Ontario
Under the banner Alberta Innovates, the Alberta government created new
agriculture, forestry, energy and environment, health, and technology
Source: Alberta Treasury Board and Finance
Provincial Net Financial Assets/Debt as a per cent of GDP (2011-2012)
9.3%
Alberta Saskatchewan British Columbia Newfoundland Manitoba New Brunswick Nova Scotia Prince Edward Island Ontario Canada Quebec
39.0%*
Comparison of Corporate Income Taxes
32.7% 15.0% 6.3% 10.0% United States January 2013 Alberta January 2013
Federal Provincial / State
*6.3% represents the average top general state corporate income tax rate U.S. rates known as of January 2013 Source: Alberta Enterprise and Advanced Education, Tax Foundation and Federation of Tax Administrators
25.0%
Provincial Corporate Income Tax Rates (per cent) State Corporate Income Tax Rates (per cent) Province General Manufacturing & Processing Small Business State General Manufacturing & Processing Small Business Alberta 10 10 3 Oregon 7.6 7.6 6.6 British Columbia 10 10 2.5 California 8.84 8.84 8.84 New Brunswick 10 10 4.5 North Dakota 5.15 5.15 4.9 Quebec 11.9 11.9 8 Montana 6.75 6.75 6.75 Manitoba 12 12 Idaho 7.4 7.4 7.4 Saskatchewan 12 10 2 Colorado 4.63 4.63 4.63 Ontario 11.5 10 4.5 Utah 5 5 5 Newfoundland & Labrador 14 5 4 New Mexico 7.6 7.6 4.8 Prince Edward Island 16 16 1 Louisiana 8 8 7.3 Nova Scotia 16 16 3.5 Arizona 6.97 6.97 6.97 Federal 15.0 15.0 11 Federal 35 32.73 34 Note: Rates as of April, 2013 The small business rate is the effective tax rate for US$500,210 (comparable to the Canadian threshold of Cdn$500,000) The small business income threshold for Nova Scotia and Manitoba is Cdn$400,000. For all other provinces the small business income threshold is Cdn$500,000 Source: Canada Revenue Agency, PWC Tax News Network, Federation of Tax Administrators
Source: Canadian Council on Learning
61.0 65.0 68.0 69.0 71.0 75.0 76.0 77.0 78.0 79.0 82.0 Newfoundland and Labrador New Brunswick Quebec Prince Edward Island Nova Scotia Canada Manitoba Saskatchewan British Columbia Ontario Alberta
Composite Learning Index 2010
Source: Statistics Canada
Unemployment Rates (%) by Province: 2007 – 2011 (average) and 2012
12.5 11.3 10.2 9.0 7.8 7.8 7.2 6.7 5.3 4.7 4.6 13.9 11.1 8.7 8.6 7.7 7.7 7.2 6.3 4.9 4.7 5.1 Newfoundland & Labrador Prince Edward Island New Brunswick Nova Scotia Quebec Ontario Canada British Columbia Manitoba Saskatchewan Alberta
2007-2011 2012
Top Marginal Personal Income Tax Rates 2013
* Quebec residents receive an abatement of 16.5% of basic federal tax because of the province’s decision to opt out of federal cash transfers in support of provincial programs Source: PricewaterhouseCoopers (PWC) Tax Facts
29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 24.2% 29.0% 10.0% 13.2% 13.3% 14.3% 14.7% 15.0% 16.7% 17.4% 24.0% 21.0% Alberta Ontario Newfoundland & Labrador New Brunswick British Columbia Saskatchewan Prince Edward Island Manitoba Quebec* Nova Scotia 39.0% 42.2% 42.3% 43.3% 43.7% 44.0% 45.7% 46.4% 48.2% 50.0%
Comparison of Provincial and Federal Taxes by Province Two-Income Family of Four - $75,000* Comparison of Provincial and Federal Taxes by Province Two-Income Family of Four - $125,000*
$7,609 $7,590 $6,793 $6,563 $6,438 $6,404 $5,491 $4,891 $4,267 $2,880
$17,095 $17,083 $16,303 $16,069 $15,932 $15,923 $15,220 $14,439 $13,816 $12,398
Prince Edward Island Nova Scotia Newfoundland & Labrador New Brunswick Manitoba British Columbia Quebec Ontario Saskatchewan Alberta
Total Federal Tax Total Provincial Tax
$14,696 $14,945 $14,257 $12,887 $12,651 $12,305 $10,601 $10,197 $10,005 $7,140 $36,230 $36,129 $35,448 $34,119 $33,852 $33,538 $31,885 $31,480 $31,273 $28,394 Quebec Nova Scotia Prince Edward Island Newfoundland & Labrador Manitoba New Brunswick British Columbia Ontario Saskatchewan Alberta
Total Provincial Tax Total Federal Tax
Source: Alberta Treasury Board and Finance (* as of March 2012)
Source: Statistics Canada
$59,500 $60,000 $60,000 $60,300 $61,100 $65,300 $68,000 $69,700 $70,400 $75,000 $83,800 Prince Edward Island New Brunswick Quebec Newfoundland and Labrador Nova Scotia Manitoba Canada British Columbia Ontario Saskatchewan Alberta
2011 Median After-Tax Family Income Families with Two Persons or More
Source: Centre for the Study of Living Standards
0.529 0.533 0.551 0.560 0.575 0.579 0.588 0.605 0.606 0.609 0.735 Nova Scotia New Brunswick Prince Edward Island Quebec British Columbia Manitoba Ontario Saskatchewan Canada Newfoundland Alberta
Index of Economic Well-Being Provincial Comparison, 2011
0.443 0.530 0.556 0.578 0.591 0.605 0.621 0.636 0.639 0.643 0.654 0.667 0.674 0.689 0.800 Spain Italy United States Canada Australia Denmark Finland United Kingdom Sweden France Germany Alberta Belgium Netherlands Norway
Index of Economic Well-Being International Comparison, 2011
Alberta Population by Ethnic Origin, 2011
Note: These numbers add up to more than the population due to multiple responses. Source: Statistics Canada, 2011 Census of Population
Ethnic Origin Number % of Total Population Ethnic Origin Number % of Total Population Totals 3,567,975 100.0% Total 3,567,975 100.0% English 886,760 24.9% Russian 99,780 2.8% Canadian 776,695 21.8% Swedish 96,890 2.7% German 683,830 19.2% Métis 94,615 2.7% Scottish 670,955 18.8% Italian 88,705 2.5% Irish 565,120 15.8% British Isles 79,300 2.2% French 396,230 11.1% Welsh 75,875 2.1% Ukrainian 345,410 9.7% American 71,435 2.0% Dutch 182,270 5.1% Danish 59,060 1.7% North American Indian 177,140 5.0% Hungarian 52,025 1.5% Polish 174,380 4.9% Spanish 39,325 1.1% Chinese 155,960 4.4% Austrian 36,670 1.0% Norwegian 152,640 4.3% Vietnamese 32,505 0.9% East Indian 125,105 3.5% Romanian 29,425 0.8% Filipino 113,205 3.2% Lebanese 25,955 0.7%
* Northern Alberta Institute of Technology and Southern Alberta Institute of Technology Comprehensive Academic & Research Institutions
University of Alberta; University of Calgary; University of Lethbridge; Athabasca University
Baccalaureate & Applied Studies Institutions
Grant MacEwan University; Mount Royal University Alberta College of Art and Design; The Banff Centre
Polytechnic Institutions
NAIT*; SAIT*
Specialized Arts & Culture Institutions Independent Academic Institutions
Ambrose University College; Canadian University College; Concordia University College of Alberta; The King’s University College; St. Mary’s University College
Comprehensive Community Institutions
Bow Valley College ; Grand Prairie Regional College; Keyano College; Lakeland College; Lethbridge College; Medicine Hat College; NorQuest College; Northern Lakes College; Olds College; Portage College; Red Deer College
Sources: Measuring Up: Canadian Results of the OECD PISA Study, Statistics Canada
Top Scores in Mathematics, Science and Reading 2009 Program for International Student Assessment (PISA) Examinations Average = 500
Mathematics Science Reading Rank Jurisdiction Score Rank Jurisdiction Score Rank Jurisdiction Score
1 Shanghai-China 600 1 Shanghai-China 575 1 Shanghai-China 556 2 Singapore 562 2 Finland 554 2 Korea 539 3 Hong Kong-China 555 3 Hong Kong-China 549 3 Finland 536 4 Korea 546 4 Alberta 545 4 Hong Kong-China 533 5 Chinese Taipei 543 5 Singapore 542 5 Alberta 533 6 Quebec 543 6 Japan 539 6 Ontario 531 7 Finland 541 7 Korea 538 7 Singapore 526 8 Liechtenstein 536 8 British Columbia 535 8 British Columbia 525 9 Switzerland 534 9 New Zealand 532 9 Canada 524 10 Japan 529 10 Ontario 531 10 Quebec 522 11 Alberta 529 11 Canada 529 11 New Zealand 521 12 Canada 527 12 Estonia 528 12 Japan 520 42 United States 487 31 United States 502 24 United States 500
Selected Health Indicators
*Note: Risk Adjusted Percentages **Canada data do not include Quebec due to differences in data collection ***Preliminary Sources: National Health Expenditure Trends, 1975-2012, Canadian Institute of Health Information (CIHI); Health Indicators 2013 Report,(CIHI), Statistics Canada
16.0 7.3 3.9 13.5 6.4 4.6 30 Day In-Hospital Mortality Rate from Stroke* (2008-2011) 30 Day In-Hospital Mortality Rate from Heart Attack* (2009-2012) Per Capita Government Health Expenditures - 2012 ($ 000s)***
Alberta Canada**
Note: Excludes statistics for Prince Edward Island, Newfoundland and New Brunswick which were suppressed to meet the confidentiality requirements of the Statistics Act.
$56 $72 $80 $88 $98 $101 $105 $113 $123 $135 $141 Newfoundland and Labrador New Brunswick Nova Scotia Quebec British Columbia Prince Edward Island Canada Ontario Manitoba Alberta Saskatchewan
Source: Statistics Canada
Average Household Spending on Live Performing Arts: 2009 (Annual Dollars) Private Sector Support of Performing Arts (2008) Per Capita $1.80 $2.34 $3.17 $4.46 $4.64 $5.77 $6.35 Nova Scotia Saskatchewan Quebec Manitoba British Columbia Ontario Alberta
Source: Canadian Survey of Giving, Volunteering and Participating, Statistics Canada
$208 $331 $369 $380 $446 $479 $519 $526 $543 $544 $562 Quebec Newfoundland and Labrador Nova Scotia New Brunswick Canada Prince Edward Island Manitoba Ontario British Columbia Saskatchewan Alberta
Charitable Donor Statistics
Average Annual Donations, 2010
Alberta Government : www.alberta.ca Alberta Enterprise and Advanced Education: http://eae.alberta.ca/ www.albertacanada.com Doing Business in Alberta: Investing and Locating http://www.albertacanada.com/intl-business/establishing-a-company.html Exporting your Products http://www.albertacanada.com/ab-business/exporting-your-products.html Industry Sectors http://www.albertacanada.com/ab-business/alberta-industries.html Regional Development http://www.albertacanada.com/about-alberta/regional-economic-development.html Community/Market Information http://www.albertacanada.com/about-alberta/the-economy.html Visiting Alberta: Travel Alberta www.travelalberta.com List of Festivals in Alberta http://www.culture.alberta.ca/arts/artsfestivals/ Vacations Guide http://www.travelalberta.com/en/Vacation_Guides/Pages/default.aspx?mrkt=Canada Provincial Parks http://albertaparks.ca/ Tourism www.tpr.alberta.ca Working and Living in Alberta: Immigrating www.albertacanada.com/immigration Things to Do http://www.tpr.alberta.ca and http://culture.alberta.ca/arts/artsfestivals/default.aspx Health Care http://www.health.alberta.ca/ Education http://www.education.alberta.ca/ Alberta Learning Information Service http://alis.alberta.ca/ Advanced Education and Technology http://eae.alberta.ca/