Highlights of the Alberta Economy Alberta Finance and Enterprise - - PowerPoint PPT Presentation

Highlights of the Alberta Economy

Alberta Finance and Enterprise Enterprise Division

Alberta: Alberta: The Best Place to Live, Work and Do Business The Best Place to Live, Work and Do Business

Table of Contents

• Economic Highlights

– Growth in selected indicators – Economic diversity – Investment – Exports

• A Diversified and Rich Economy

– Energy – Agriculture – Forestry – Manufacturing – Information and Communications Technology – Tourism

Table of Contents (cont.)

• Doing Business in Alberta

– Innovation and Entrepreneurship – Research and Development – Government – Educated Work Force – Productivity – Taxes – Workers’ Compensation

Table of Contents (cont.)

• Working in Alberta

– Strong Labour Market – Taxes – Family Income – Economic Well-being

• Living in Alberta

– People – Education – Health Care – Arts and Culture – Sports and Recreation – Volunteerism

Economic Highlights Economic Highlights Growth Growth

Growth In Selected Indicators: 1999 - 2009 Per Cent Change

*Growth in GDP is for 1998 – 2008 **Goods Exports Source: Statistics Canada and Alberta Finance and Enterprise 67.7 0.5 33.8 16.9 11.0 109.8 99.5 38.8 28.7 24.9

Investment Exports** GDP* Employment Population

Canada Alberta

Economic Diversity: 1985 Percentage Distribution of GDP Total GDP: $66.8 Billion

Sources: Statistics Canada and Alberta Finance and Enterprise

Economic Diversity: 2008 Percentage Distribution of GDP Total GDP: $291.7 Billion

Economic Highlights Economic Highlights

Economic Diversity Economic Diversity

Manufacturing 6.0% Tourism & Cons. Serv. 3.8%

• Ret. & Whls

8.1% Public Admin. 4.8% Education 3.6% Health 3.6% Construction 6.7% Energy 36.1% Finance & Real Estate 11.0%

• Bus. & Comm.

Services 5.5%

• Transp. & Util

7.7% Agriculture 3.0% Manufacturing 7.3%

• Ret. & Whls

8.6% Tourism & Cons. Serv. 4.8% Public Admin. 3.2% Education 3.3% Health 4.0% Construction 8.3% Energy 30.8% Finance & Real Estate 13.1%

• Bus. & Comm.

Services 8.5%

• Transp. & Util

6.4% Agriculture 1.8%

8.1 10.2 10.8 14.5 16.5 19.0 22.5 25.2 22.4 21.7 24.5 34.1 40.0 40.0 42.7 24.5 26.2 3.7 4.7 5.5 8.5 6.6 9.4 9.6 14.8 13.4 12.4 9.7

2004 2005 2006 2007 2008 2009 2010*

Institutions Housing Non-energy Oil & Gas

* Intentions Source: Statistics Canada

Total Investment in Alberta Capital Expenditures ($ Billions)

50.8 65.0 68.3 76.9

Economic Highlights Economic Highlights

Attractive Investment Climate Attractive Investment Climate

89.7 66.5 83.9

Sources: Statistics Canada and Alberta Finance and Enterprise

Economic Highlights Economic Highlights

Exports Exports

Alberta’s Major Exports 2009 Total Exports of Goods: $69.1 Billion

$ Billions

30.7 14.2 5.4 4.6 4.4 3.0 1.8 1.3 0.8 0.7 Sulphur Electronic & Electrical Products Refined Petroleum Products Forestry Products Processed Food & Beverages Crops & Livestock Metals & Machinery Petrochemicals Gas and Gas Liquids Crude Petroleum

Alberta’s Energy Revenues 2008 Total: $105.7 Billion

Sources: Statistics Canada, Energy Resources Conservation Board, Alberta Finance and Enterprise

A Diversified and Resource A Diversified and Resource-

• Rich Economy

Rich Economy

Energy Energy

Alberta’s Energy Exports 2009 Total: $46 Billion

Natural Gas & Gas Liquids 46.4% Coal and Sulphur 1.9% Crude Oil 51.6% Coal and Sulphur 2.2% Crude Oil 66.9% Natural Gas & Gas Liquids 30.9%

Alberta’s Major Agricultural Products 2008 Farm Cash Receipts ($ Billions) Total: $10.2 Billion

*Includes specialty cash crops, honey, poultry, eggs, program payments, etc. Source: Statistics Canada

A Diversified and Resource Rich Economy A Diversified and Resource Rich Economy

Agriculture Agriculture

0.40 0.42 0.46 1.85 1.86 2.19 2.96 Hogs Oats, Rye & Barley Dairy Wheat (incl. Durum) Canola & Flax Others Beef Cattle

Shipments of forest products reached $3.4 billion in 2009, and exports were $1.8 billion*. Alberta covers over 66 million hectares of land, 58% or 38 million hectares of which is forested. Of the forested area, about 60 per cent or 22.5 million hectares are considered suitable for harvest. Annually, Alberta allows 30 million cubic meters (m3) to be harvested, of which 18.4 million m3 is coniferous, and 11.6 million m3 is deciduous. Alberta's commercially productive timber land base of 22.5 million hectares covers 35 per cent of Alberta's total area and includes in excess of 2.2 billion m3 of growing stock.

* Includes wood products and pulp & paper

A Diversified and Resource Rich Economy A Diversified and Resource Rich Economy

Forestry Forestry

*Includes wood and pulp & paper industries **Includes telecom equipment Source: Statistics Canada

$ Billions

A Diversified and Resource Rich Economy A Diversified and Resource Rich Economy

Manufacturing Manufacturing

Value of Alberta Manufacturing Shipments 2009 Total: $55.2 Billion

5.1 0.6 0.8 1.1 1.8 3.4 4.3 4.8 9.2 11.9 12.3 Other **Electronic Products Furniture and Fixtures Plastics Construction Materials *Forest Products Fabricated Metals Machinery Chemical Products Food Refined Petroleum

Sources: Statistics Canada and OECD

Internet Usage – Canada 2007 Percentage of Adults aged 16 and over Accessing the Internet 82.5 38.0 46.9 68.8 72.2 74.9 76.9 78.3 Italy France U.K. Germany Japan** Canada* South Korea Norway Internet Usage – International 2006 Percentage of Adults aged 16 to 74 Accessing the Internet 73 75 77 78 73 70 69 69 69 65 61

Newfoundland and Labrador New Brunswik Prince Edward Island Quebec Nova Scotia Manitoba Saskatchewan Canada Ontario Alberta British Columbia

A Diversified and Resource Rich Economy A Diversified and Resource Rich Economy

Information and Communication Technologies Information and Communication Technologies

* 2007 data ** 2005 data

Source: Statistics Canada

A Diversified and Resource A Diversified and Resource-

• Rich Economy

Rich Economy

Tourism Tourism

Tourism Receipts 2007 Total: $5.6 Billion

Overseas 14% Other Canadian 22% Alberta 53% United States 11%

Source: Canadian Business Patterns, Statistics Canada

Doing Business in Alberta Doing Business in Alberta

Innovation and Entrepreneurship Innovation and Entrepreneurship

Small Business – Cornerstone of the Economy 1999 – 2009 Percentage Change in Small Business Establishments (Less than 50 Employees)

• 4.9%
• 4.1%
• 0.3%

0.5% 1.1% 3.1% 11.4% 13.5% 19.8% 24.3%

• 13.8%

Prince Edward Island New Brunswick Saskatchewan Nova Scotia Newfoundland and Labrador Quebec Manitoba Canada British Columbia Ontario Alberta

Alberta Innovates Bio Solutions

Builds on strength of Alberta Prion Research Institute and former Alberta Agriculture Research Institute, Alberta Forestry Research institute and Alberta Life Sciences Institute

Alberta Innovates Energy and Environment Solutions

Includes the Alberta Water Research Institute and builds on strengths

• f former Alberta Energy Research.

Alberta Innovates Health Solutions

Builds on strengths of former Alberta Heritage Foundation for Medical Research

Alberta Research and Innovation Authority

Builds on the strengths of Alberta Science and Research Authority and provides policy direction

Alberta Innovates Technology Futures

Includes programs from Alberta ingenuity and Alberta Advanced Education and Technology and builds on strengths of former Alberta Research Council and iCORE

Alberta’s New Advanced Technology Agencies….

Doing Business in Alberta Doing Business in Alberta

Research & Development Research & Development

Note: Excludes Pension Liabilities. Source: Alberta Finance and Enterprise

Doing Business in Alberta Doing Business in Alberta

Government Government

Provincial Net Financial Assets/Debt Provincial Net Financial Assets/Debt as a per cent of GDP, March 31, 2009 as a per cent of GDP, March 31, 2009

10.3%

• 9.7%
• 13.0%
• 21.5%
• 24.9%
• 29.9%
• 30.2%
• 31.6%
• 26.0%
• 36.1%
• 31.9%

Alberta Saskatchewan British Columbia Manitoba Ontario New Brunswick Canada Prince Edward Island Quebec Newfoundland & Labrador Nova Scotia

Source: Canadian Council on Learning

Doing Business in Alberta Doing Business in Alberta

Educated Work Force Educated Work Force

61.0 63.0 66.0 68.0 71.0 75.0 75.0 76.0 77.0 78.0 82.0 Newfoundland and Labrador New Brunswick Quebec Prince Edward Island Nova Scotia Saskatchewan Canada Manitoba British Columbia Ontario Alberta

Composite Learning Index 2009 Composite Learning Index 2009

Source: Statistics Canada, Alberta Finance and Enterprise

Doing Business in Alberta Doing Business in Alberta

Productivity (Total Economy) Productivity (Total Economy)

Labour Productivity 2008 Real GDP per Hour Worked, in 2002 constant dollars

$30.66 $32.23 $33.58 $36.12 $39.09 $39.19 $41.01 $41.65 $41.84 $47.15 $47.79

Prince Edward Island New Brunswick Nova Scotia Manitoba Quebec British Columbia Canada Ontario Saskatchewan Newfoundland and Labrador Alberta

15.0% 18.0% 32.8% 6.3% 10.0% 10.0% United States January 2009 Alberta January 2010 Alberta 2012 Federal Provincial / State 39.1%* 28.0%

Doing Business in Alberta Doing Business in Alberta

Competitive Corporate Taxes Competitive Corporate Taxes

Comparison of Corporate Income Taxes

*6.3% represents the average effective top general state corporate income tax rate U.S. rates known as of January 2009 Source: Alberta Finance and Enterprise, and Tax Foundation

25.0%

Doing Business in Alberta Doing Business in Alberta

Provincial & Provincial & State Corporate Taxes State Corporate Taxes

Doing Business in Alberta Doing Business in Alberta

Provincial Capital and Payroll Tax Rates Provincial Capital and Payroll Tax Rates

2.75 2.65 2.26 2.15 2.19 2.08 1.63 1.60 1.56 1.32 Newfoundland and Labrador Nova Scotia Ontario** Prince Edward Island Quebec New Brunswick Saskatchewan Manitoba British Columbia Alberta

• * Provisional as of January 1, 2010
• ** 2009 Assessment Rate

Source: Association of Workers’ Compensation Boards of Canada

Workers’ Compensation Board Premiums 2010 Assessment Rates* Per $100 Payroll

Doing Business in Alberta Doing Business in Alberta

Workers Workers’ ’ Compensation Board Premiums Compensation Board Premiums

$2.86 $2.74 $2.45 $2.23 $2.08 $1.97 $1.85 $1.71 $1.46 $1.32 California Texas Minnesota Idaho Washington Oregon Colorado Utah Massachusetts Alberta *Rates in effect or proposed as of January 1, 2008 Note: 1 US$ = 1.05 Cdn$ Source: Oregon Department of Consumer and Business Services

Workers’ Compensation Board Premium 2008 Assessment Rates* Per $100 Payroll

Doing Business in Alberta Doing Business in Alberta

Workers Workers’ ’ Compensation Board Premiums (Western States) Compensation Board Premiums (Western States)

Source: Statistics Canada

Working in Alberta Working in Alberta

Strong Labour Market Strong Labour Market

Unemployment Rates (%) by Province: 2003 - 2009

8.3 15.5 12.0 9.2 9.0 8.9 8.5 7.6 6.6 5.2 4.8 6.5 14.5 10.8 8.2 6.5 8.9 7.8 5.3 3.8 4.6 4.7 Canada Newfoundland and Labrador Prince Edward Island Nova Scotia Ontario New Brunswick Quebec British Columbia Alberta Manitoba Saskatchewan

2003 - 2008 2009

Working in Alberta Working in Alberta

Low Personal Taxes Low Personal Taxes

Top Marginal Personal Income Tax Rates 2009

* Federal tax payable has been reduced by the 16.5% abatement for Quebec taxpayers Source: PWC Tax News Network, April 21, 2009

29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 24.2% 29.0% 10.0% 14.7% 15.0% 15.5% 17.0% 17.4% 17.4% 18.4% 24.0% 19.3% Alberta British Columbia Saskatchewan Newfoundland and Labrador New Brunswick Manitoba Ontario Prince Edward Island Quebec* Nova Scotia

Federal Personal Income Tax Provincial Personal Income Tax

39.0% 43.7% 44.0% 44.5% 46.0% 46.4% 46.4% 47.4% 48.2% 48.3%

*As of March 2009 Source: Alberta Finance and Enterprise

Working in Alberta Working in Alberta

Low Personal Taxes Low Personal Taxes

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*

16,728 16,621 15,657 14,935 14,793 14,770 11,923 11,526 10,885 9,540 Prince Edward Island Nova Scotia Quebec Newfoundland & Labrador Manitoba New Brunswick Saskatchewan Ontario British Columbia Alberta

Federal Provincial

$39,040 $38,924 $38,259 $37,279 $37,113 $37,090 $34,299 $33,924 $33,303 $31,940 $10,038 $9,500 $8,681 $8,556 $8,133 $7,094 $6,651 $6,731 $6,313 $5,324

Prince Edward Island Nova Scotia Newfoundland & Labrador Manitoba New Brunswick British Columbia Quebec Ontario Sasaktchewan Alberta

Federal Provincial

$16,170 $17,581 $17,172 $17,942 $17,665 $19,509 $19,368 $18,949 $20,312 $20,845

Source: Statistics Canada

Working in Alberta Working in Alberta

Family Income Family Income

2007 Median After-Tax Family Income Families with Two Persons or More

$50,600 $50,900 $52,600 $54,500 $54,200 $58,300 $59,900 $61,800 $63,300 $65,900 $75,300 New Brunswick Newfoundland and Labrador Prince Edward Island Quebec Nova Scotia Manitoba Saskatchewan Canada British Columbia Ontario Alberta

Source: Centre for the Study of Living Standards

Working in Alberta Working in Alberta

Economic Well Economic Well-

• Being

Being

0.569 0.569 0.576 0.586 0.589 0.603 0.606 0.623 0.631 0.644 0.817 New Brunswick Prince Edward Island Nova Scotia Saskatchewan Manitoba Ontario Quebec British Columbia Canada Newfoundland Alberta

Provincial Comparison Provincial Comparison 2008 2008

0.487 0.508 0.546 0.553 0.577 0.602 0.631 0.641 0.644 0.650 0.664 0.702 0.703 0.793 United Kingdom United States Italy Australia Canada Finland Germany France Sweden Belgium Netherlands Denmark Alberta Norway

International Comparison International Comparison 2007 2007

Living in Alberta Living in Alberta

People People

Alberta Population by Ethnic Origin, 2006 Alberta Population by Ethnic Origin, 2006

Note: These numbers add up to more than the population due to mu Note: These numbers add up to more than the population due to multiple responses. ltiple responses. Source: Statistics Canada, 2006 Census of Population Source: Statistics Canada, 2006 Census of Population

Ethnic Origin Number % of Total Population Ethnic Origin Number % of Total Population Total 3,256,355 100.0% Total 3,256,355 100.0% English 885,825 27.2% East Indian 88,165 2.7% German 679,705 20.9% Métis 83,235 2.6% Canadian 667,405 20.5% Italian 82,015 2.5% Scottish 661,265 20.3% Welsh 76,115 2.3% Irish 539,160 16.6% American 64,200 2.0% French 388,210 11.9% Danish 58,825 1.8% Ukrainian 332,180 10.2% Filipino 54,305 1.7% Dutch (Netherlands) 172,910 5.3% British Isles 53,855 1.7% Polish 170,935 5.2% Hungarian 48,665 1.5% North American Indian 169,355 5.2% Austrian 36,480 1.1% Norwegian 144,585 4.4% Spanish 30,995 1.0% Chinese 137,600 4.2% Romanian 26,870 0.8% Swedish 93,810 2.9% Vietnamese 25,170 0.8% Russian 92,020 2.8% Swiss 22,185 0.7%

* Northern Alberta Institute of Technology and Southern Alberta Institute of Technology ** Full Time and Part Time Students, 2008-2009

University of Alberta

Canada’s second largest English-speaking university with over 40,000 students**. Extensive research facilities.

University of Calgary

With about 30,000 students**, U of C is a major research centre. Among the largest polytechnical institutes in Canada, with over 58,000 students** in total.

Living in Alberta Living in Alberta

Quality Education Quality Education

University of Lethbridge

Has a focus on liberal arts and select professional programs (8,800 students**).

Public and Private Colleges

14 public colleges with 84,000 students** and 6 private (but publicly funded) university colleges with about 4,800 students** in total.

*NAIT & SAIT Grant MacEwan University and Mount Royal University

Both Grant MacEwan University (about 17,700 students**) and Mount Royal University (about 15,200 students**) focus on Baccalaureate and Applied Studies

Athabasca University

Mostly distance learning. Has a focus on liberal arts and select professional programs (38,500 students**).

Living in Alberta Living in Alberta

Quality Education Quality Education

Sources: Measuring Up: Canadian Results of the OECD PISA Study, Sources: Measuring Up: Canadian Results of the OECD PISA Study, Statistics Canada Statistics Canada

Top Scores in Mathematics, Science and Reading Top Scores in Mathematics, Science and Reading 2006 Program for International Student Assessment (PISA) Examina 2006 Program for International Student Assessment (PISA) Examinations tions Average = 500 Average = 500

Rank Jurisdiction Score Rank Jurisdiction Score Rank Jurisdiction Score 1 Taiwan 549 1 Finland 563 1 Korea 556 2 Finland 548 2 Alberta 550 2 Finland 547 3 Hong Kong 547 3 Hong Kong 542 3 Hong Kong 536 4 Korea 547 4 British Columbia 539 4 Alberta 535 5 Quebec 540 5 Ontario 537 5 Ontario 534 6 Netherlands 531 6 Canada 534 6 British Columbia 528 7 Alberta 530 7 Taiwan 532 7 Canada 527 8 Switzerland 530 8 Estonia 531 8 Quebec 522 9 Canada 527 9 Japan 531 9 New Zealand 521 10 Ontario 526 10 Quebec 531 10 Ireland 517 7 Alberta 530 2 Alberta 550 4 Alberta 535 9 Canada 527 6 Canada 534 7 Canada 527 45 United States 474 39 United States 489 n/a United States n/a 14 Japan 523 9 Japan 531 23 Japan 498 28 Germany 504 21 Germany 502 27 Germany 495

Notes:

• 1. PISA tests 15-year olds' mathematics, science and reading skills.
• 2. The rank is out of 67 jurisdictions.

Mathematics Science Reading

Living in Alberta Living in Alberta

Health Care Health Care

Selected Health Indicators

*Note: Rates Per 100,000 standardized population Sources: National Health Expenditure Trends, 1975-2007, Canadian Institute of Health Information (CIHI) ; Health Care in Canada and Health Indicators Report, Canadian Institute of Health Information (CIHI), Statistics Canada

4.0 3.4 10.0 18.2 8.4 17.0 30 Day In-Hospital Mortality Rate from Stroke* (2004-2007) 30 Day In-Hospital Mortality Rate from Heart Attack* (2004- 2007) Per Capita Government Health Expenditures - 2007 ($ 000s) Canada Alberta

Living in Alberta Living in Alberta

Arts and Culture Arts and Culture

Note: Excludes statistics for Prince Edward Island, Newfoundland and New Brunswick which were suppressed to meet the confidentiality requirements of the Statistics Act. $50 $58 $65 $73 $80 $94 $94 $99 $115 $119 $119 Newfoundland and Labrador New Brunswick Nova Scotia Prince Edward Island Quebec Saskatchewan British Columbia Canada Ontario Manitoba Alberta

Source: Statistics Canada Average Household Spending on Live Performing Arts: 2007 (Annual Dollars) Private Sector Support of Performing Arts (2006) Per Capita

$2.00 $2.12 $3.02 $3.77 $4.23 $5.06 $5.93 Nova Scotia Saskatchewan Quebec Manitoba British Columbia Ontario Alberta

46 166 437 52 172 596

Volunteer Rate (%) Average Volunteer Hours Average Annual Donations ($)

Canada Alberta Donation and Volunteer Statistics 2007

Source: Statistics Canada, Canada Survey of Giving, Volunteering and Participating, 2007

Living in Alberta Living in Alberta

Volunteerism Volunteerism

Alberta On Alberta On-

• Line Resources

Line Resources

Alberta Government www.alberta.ca Alberta Finance and Enterprise www.finance.alberta.ca www.albertacanada.com Doing Business in Alberta: Investing and Locating www.albertacanada.com/investlocate Exporting Your Products www.albertacanada.com/export Industry Sectors www.albertacanada.com/industries Regional Development www.albertacanada.com/regionaldev Community/Market Information www.albertafirst.com Visiting Alberta: Travel Alberta www1.travelalberta.com List of Festivals in Alberta www.culture.alberta.ca/arts/artsfestivals Vacation Guides www.travelalberta.ca/cfforms/freestuff Provincial Parks gateway.cd.gov.ab.ca Tourism www.tpr.alberta.ca Working and Living in Alberta: Immigrating www.albertacanada.com/immigration Things to Do www.tprc.gov.ab.ca and culture.alberta.ca Health Care www.health.alberta.ca Education www.education.alberta.ca Alberta Learning Information Service www.alis.alberta.ca Advanced Education and Technology www.advancededandtech.alberta.ca