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Highlights of the This copy is for archival purposes only. Please contact the publisher for the original version. Alberta Economy 2013 Alberta Enterprise and Advanced Education Table of Contents Economic Highlights Doing Business in

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SLIDE 1

Highlights of the Alberta Economy 2013

Alberta Enterprise and Advanced Education

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SLIDE 2

Table of Contents

  • Economic Highlights

– Growth – Economic prosperity – Attractive Investment Climate – Exports

  • A Diversified and Resource-

based Economy – Energy – Agriculture – Manufacturing – Advanced Technology Broadband Usage – Financial Services – Tourism

  • Doing Business in Alberta

– Competitiveness – Entrepreneurship – Research and Development – Government – Competitive Corporate Taxes – Provincial and State Corporate Taxes – Educated Work Force

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SLIDE 3

Table of Contents

  • Working in Alberta

– Strong Labour Market – Low Personal Taxes – Family Income – Standard of Living

  • Living in Alberta

– People – Education – Quality Education – Health Care – Arts and Culture – Donations and Volunteerism

  • Online Resources

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SLIDE 4

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

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SLIDE 5

Economic Highlights Growth

Growth In Selected Indicators: 2001 - 2011 Per Cent Change

* Census Estimate Source: Statistics Canada and Alberta Enterprise and Advanced Education

79.3 11.7 21.2 15.8 11.6 109.9 63.4 30.8 28.4 22.5

Investment Goods Exports GDP Employment Population*

Alberta Canada

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SLIDE 6

Economic Highlights

Economic Prosperity

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

Sources: Statistics Canada and Alberta Enterprise and Advanced Education

Economic Diversity: 2011 Percentage Distribution of GDP Total GDP: $295.3 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 24.8% Manufacturing 7.3% Transportation & Utilities 6.1% Business & Commercial Services 9.6% Finance & Real Estate 13.5% Tourism & Consumer Services 4.4% Retail & Wholesale 8.6% Public Administration 4.7% Education 3.7% Health 5.1% Agriculture 1.4% Construction 10.8%

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SLIDE 7

Economic Highlights

Attractive Investment Climate

Source: Statistics Canada

Per Capita Investment (2011)

$6,943 $7,395 $7,604 $8,396 $8,562 $9,104 $10,082 $10,758 $14,446 $18,275 $23,461

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

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SLIDE 8

* Export of services is not included in this estimate Sources: Statistics Canada and Alberta Enterprise and Advanced Education

Economic Highlights

Exports

Alberta’s Major Exports 2011* Total Exports of Goods ($93.1 Billion)

$ Billions

1.8 0.9 1.5 1.5 2.1 3.3 4.6 5.8 7.2 12.1 52.1 Others Electronic & Electrical Products Sulphur & Coal Refined Petroleum Products Forestry Products Processed Food & Beverages Crops & Livestock Metals & Machinery Petrochemicals Gas and Gas Liquids Crude Petroleum

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SLIDE 9

A Diversified and Resource-based Economy

Energy

Alberta’s Energy Revenues 2011 Total: $89.8 Billion

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

Alberta’s Energy Exports 2011 Total: $65.8 Billion

Natural Gas & Gas Liquids 23.5% Coal and Sulpur 1.8% Crude Oil 74.7%

Natural Gas & Gas Liquids 18.4% Coal and Sulphur 2.3% Crude Oil 79.2%

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SLIDE 10

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

A Diversified and Resource-based Economy

Agriculture

Alberta’s Major Agricultural Products 2011 Farm Cash Receipts ($ Billions) Total: $10.46 Billion

0.30 0.41 0.50 1.58 1.87 2.60 3.20 Oats, Rye & Barley Hogs Dairy Wheat (incl. Durum) Other* Canola & Flax Beef Cattle

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SLIDE 11

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

$ Billions

A Diversified and Resource-based Economy

Manufacturing

Value of Alberta Manufacturing Shipments in 2011 Total: $70.9 Billion

4.2 0.8 0.9 1.5 2.0 4.0 5.4 8.3 12.2 12.8 18.8 Other Manufacturing* Furniture and Fixtures Electrical & Electronic Products Plastics Construction Materials *Forest Products Fabricated Metals Machinery Food & Beverage Chemical Products Refined Petroleum

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SLIDE 12

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

A Diversified and Resource-based Economy

Advanced Technology Broadband Usage

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SLIDE 13

A Diversified and Resource-based Economy

Financial Services

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

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SLIDE 14

A Diversified and Resource-based Economy

Tourism

Alberta Tourism Receipts by Visitor Origin (2010) Total: $5.5 Billion

Source: Statistics Canada and Alberta Tourism, Parks and Recreation

Overnight Tourism by Tourism Destination Region (2010) Total : 41.01 Million Person Nights

Alberta North 6% Alberta Central 16% Edmonton & Area 23% Canadian Rockies 16% Calgary & Area 27% Alberta South 9% Unspecified Region 3%

Alberta 53% Other Canada 24% United States 10% Overseas 13%

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SLIDE 15

Doing Business in Alberta

Competitiveness

Source: Statistics Canada – GDP at basic prices

Business Sector Labour Productivity 2011 Real GDP per Hour Worked, in 2002 constant dollars

$25.40 $29.40 $31.40 $34.40 $36.40 $36.60 $38.30 $38.90 $43.80 $45.20 $46.00

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

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SLIDE 16

Source: Canadian Business Patterns, Statistics Canada

Doing Business in Alberta

Entrepreneurship

Small Business – Cornerstone of the Economy 2001 – 2011 Percentage Change in Small Business Establishments (Less than 50 Employees)

  • 18.1%
  • 8.7%
  • 7.3%
  • 6.4%
  • 4.3%
  • 2.5%

0.3% 5.5% 9.3% 11.9% 12.6%

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

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SLIDE 17
  • Bio Solutions
  • Energy and Environment Solutions
  • Health Solutions
  • Technology Futures
  • Alberta Research and Innovation Authority

Under the banner Alberta Innovates, the Alberta government created new

  • rganizations that focus Alberta’s provincial research efforts in the areas of

agriculture, forestry, energy and environment, health, and technology

  • commercialization. They Include:

Doing Business in Alberta

Research & Development

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SLIDE 18

Doing Business in Alberta

Government

Source: Alberta Treasury Board and Finance

Provincial Net Financial Assets/Debt as a per cent of GDP (2011-2012)

9.3%

  • 5.1%
  • 16.4%
  • 25.7%
  • 25.8%
  • 33.0%
  • 35.2%
  • 35.5%
  • 37.1%
  • 37.5%
  • 51.0%

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

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SLIDE 19

39.2%*

Doing Business in Alberta

Competitive Corporate Taxes

Comparison of Corporate Income Taxes

32.7% 15.0% 6.5% 10.0% United States January 2012 Alberta January 2012

Federal Provincial / State

*6.5% represents the average effective top general state corporate income tax rate U.S. rates known as of January 2012 Source: Alberta Enterprise and Advanced Education, Tax Foundation and KPMG

25.0%

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SLIDE 20

Doing Business in Alberta

Provincial & State Corporate Taxes

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 7.3 British Columbia 10 10 2.5 California 8.84 8.84 8.84 New Brunswick 10 10 4.5 North Dakota 6.4 6.4 6.1 Quebec 11.9 11.9 8 Montana 6.75 6.75 6.75 Manitoba 12 12 Idaho 7.6 7.6 7.6 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 4.0 Arizona 6.97 6.97 6.97 Federal 15.0 15.0 11 Federal 35 31.85 34 Note: Rates as of February, 2012 The small business rate is the effective tax rate for US$505,526 (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

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SLIDE 21

Doing Business in Alberta

Educated Work Force

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

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SLIDE 22

Source: Statistics Canada

Working in Alberta

Strong Labour Market

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

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SLIDE 23

Working in Alberta

Low Personal Taxes

Top Marginal Personal Income Tax Rates 2012

* 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, May 31st, 2012

29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 24.2% 29.0% 10.0% 13.3% 14.3% 14.7% 15.0% 17.4% 18.4% 19.0% 24.0% 21.0% Alberta Newfoundland & Labrador New Brunswick British Columbia Saskatchewan Manitoba Prince Edward Island Ontario Quebec* Nova Scotia

Provincial Personal Income Tax

39.0% 42.3% 43.3% 43.7% 44.0% 46.4% 47.4% 48.0% 48.2% 50.0%

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SLIDE 24

Working in Alberta

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*

$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 Tax

Source: Alberta Treasury Board and Finance (* as of March 2012)

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SLIDE 25

Source: Statistics Canada

Working in Alberta

Family Income

$53,900 $55,000 $55,100 $55,800 $57,300 $62,400 $63,800 $66,200 $67,200 $69,900 $77,800 Newfoundland and Labrador New Brunswick Nova Scotia Prince Edward Island Quebec Manitoba Canada Ontario British Columbia Saskatchewan Alberta

2009 Median After-Tax Family Income Families with Two Persons or More

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SLIDE 26

Source: Centre for the Study of Living Standards

Working in Alberta

Standard of Living

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 Edwards Island Quebec British Columbia Manitoba Ontario Saskatchewan Canada Newfoundland Alberta

Index of Economic Well-Being Provincial Comparison, 2011

0.449 0.480 0.511 0.540 0.557 0.569 0.600 0.615 0.619 0.629 0.651 0.654 0.663 0.675 0.811 Spain United States Italy Australia United Kingdom Canada France Finland Sweden Netherlands Belgium Germany Denmark Alberta Norway

Index of Economic Well-Being International Comparison, 2010

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SLIDE 27

Living in Alberta

People

Alberta Population by Ethnic Origin, 2006

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

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SLIDE 28

* Northern Alberta Institute of Technology and Southern Alberta Institute of Technology Note: Full Time and Part Time Students, 2009-2010

Comprehensive Academic & Research Institutions

University

  • f

Alberta; University

  • f

Calgary; University

  • f

Lethbridge; Athabasca University

Baccalaureate & Applied Studies Institutions

Grant MacEwan University; Mount Royal University Alberta College of Art and Design; The Banff Centre

Living in Alberta

Education

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 ; Lethbridge College; Medicine Hat College; NorQuest College; Northern Lakes College; Olds College; Portage College; Red Deer College; Lakeland College

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SLIDE 29

Living in Alberta

Quality Education

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

  • 1. PISA test 15 year olds' Mathematics, Science and Reading skills
  • 2. The rank is out of 75 jurisdictions

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SLIDE 30

Living in Alberta

Health Care

Selected Health Indicators

*Note: Risk Adjusted Percentages **Canada data do not include Quebec due to differences in data collection Sources: National Health Expenditure Trends, 1975-2011, Canadian Institute of Health Information (CIHI); Health Indicators 2012 Report,(CIHI), Statistics Canada

16.0 7.8 3.8 14.2 6.7 4.5 30 Day In-Hospital Mortality Rate from Stroke* (2008-2011) 30 Day In-Hospital Mortality Rate from Heart Attack* (2008-2011) Per Capita Government Health Expenditures - 2011 ($ 000s)

Alberta Canada**

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SLIDE 31

Living in Alberta

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.

$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

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SLIDE 32

Living in Alberta

Donations and Volunteerism

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

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SLIDE 33

Alberta On-Line Resources

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/

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