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This copy is for archival purposes only. Please contact the publisher for the original version. Table of Contents This copy is for archival purposes only. Please contact the publisher for the original version. Economic Highlights Doing

SLIDE 1

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SLIDE 2

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

This copy is for archival purposes only. Please contact the publisher for the original version.

SLIDE 3

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: 2003 - 2013 Per Cent Change

Source: Statistics Canada and Alberta Innovation and Advanced Education

77.3 25.0 21.3 13.2 11.1 148.4 81.0 39.1 27.6 25.9

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: $67.6 Billion

Sources: Statistics Canada, Alberta Treasury Board and Finance and Alberta Innovation and Advanced Education

Economic Diversity: 2013 Percentage Distribution of GDP Total GDP: $338.2 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 23.1% Manufacturing 7.3% Transportation & Utilities 5.7% Business & Commercial Services 10.6% Finance & Real Estate 13.5% Tourism & Consumer Services 4.5% Retail & Wholesale 9.4% Public Administration 4.4% Education 3.6% Health 5.0% Agriculture 2.0% Construction 10.9%

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SLIDE 7

Economic Highlights

Attractive Investment Climate

Per Capita Investment (2013)

$5,975 $6,677 $7,346 $8,209 $8,241 $9,943 $10,363 $11,342 $19,259 $23,408 $27,617

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

Sources: Statistics Canada and Alberta Innovation and Advanced Education This copy is for archival purposes only. Please contact the publisher for the original version.

SLIDE 8

* Exports of services are not included in this estimate Sources: Statistics Canada and Alberta Innovation and Advanced Education

Economic Highlights

Exports

Alberta’s Major Exports 2013 Total Exports of Goods ($103.7 Billion*)

$ Billions

2.1 0.8 0.9 2.2 2.3 3.5 4.7 5.2 7.6 10.0 64.4 Others Sulphur & Coal Electronic & Electrical Products Refined Petroleum Products Forestry Products Processed Food & Beverages Metals & Machinery Crops & Livestock Petrochemicals Gas and Gas Liquids Crude Petroleum

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SLIDE 9

A Diversified and Resource-based Economy

Energy

Alberta’s Energy Revenues 2013 Total: $96.3 Billion

Sources: Statistics Canada, Alberta Energy Regulator, Alberta Innovation and Advanced Education

Alberta’s Energy Exports 2013 Total: $75.2 Billion

Natural Gas & Gas Liquids 20.9% Coal and Sulpur 1.2% Convention al Crude Oil 18.3% Oil Sands 59.6%

Natural Gas & Gas Liquids 13.3% Coal and Sulphur 1.1% Crude Oil 86.1%

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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 2013 Farm Cash Receipts ($ Billions) Total: $11.8 Billion

2.22 0.40 0.42 0.52 2.28 2.63 3.28 Other* Oats, Rye & Barley Hogs Dairy Wheat (incl. Durum) Canola & Flax Beef Cattle

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SLIDE 11

Source: Statistics Canada

$ Billions

A Diversified and Resource-based Economy

Manufacturing

Value of Alberta Manufacturing Shipments in 2013 Total: $73.8 Billion

6.3 1.3 1.6 2.3 3.6 5.9 7.6 12.3 12.5 20.4 Other Manufacturing Electronic & Electrical Products Plastics & Rubber Construction Materials Wood Products Fabricated Metals Machinery Chemical Products Food & Beverage Refined Petroleum This copy is for archival purposes only. Please contact the publisher for the original version.

SLIDE 12

Sources: Statistics Canada and OECD

Broadband Usage – Canada 2011 Percentage of Households Accessing the Internet by Broadband 52 65 70 75 77 80 97 Italy Japan France Canada Germany Norway Korea Broadband Usage – International 2011 Percentage of Households Accessing the Internet by Broadband 65 69 70 71 71 72 73 75 76 83 85

Quebec New Brunswick Manitoba Newfoundland and Labrador Prince Edward Island Saskatchewan Nova Scotia 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

18.1 21.4 23.8 26.2 36.9 Quebec British Columbia Canada Ontario Alberta

25.7 27.2 31.5 37.0 64.0

Quebec Ontario Canada British Columbia Alberta

Financial Services Employment Growth 2003 - 2013 Percentage increase in Employment Financial Services GDP Growth 2003 - 2013 Percentage increase in GDP

Source: Statistics Canada This copy is for archival purposes only. Please contact the publisher for the original version.

SLIDE 14

A Diversified and Resource-based Economy

Tourism

Alberta Tourism Expenditures by Visitor Origin (2012) Total: $7.4 Billion

Source: Statistics Canada and Alberta Tourism, Parks and Recreation

Alberta 65% Other Canada 19% United States 7% Overseas 9%

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SLIDE 15

Doing Business in Alberta

Competitiveness

Source: Statistics Canada

Business Sector Labour Productivity 2013 Real GDP per Hour Worked, in 2007 constant dollars

$28.20 $35.40 $36.00 $44.00 $44.60 $45.10 $45.10 $48.70 $58.50 $69.90 $70.40

Prince Edward Island Nova Scotia New Brunswick Quebec Ontario British Columbia Manitoba 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 2003 – 2013 Percentage Change in Small Business Establishments (Less than 50 Employees)

14.7%
3.9%
1.5%

1.4% 2.6% 4.1% 6.6% 12.1% 14.0% 18.5% 19.8%

Prince Edward Island New Brunswick Nova Scotia Saskatchewan 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: Conference Board of Canada

Provincial Net Financial Assets/Debt as a per cent of GDP (2013 - 2014)

2.2%

5.2%
17.4%
24.8%
28.8%
35.6%
35.8%
36.8%
36.8%
39.4%
49.5%

Alberta Saskatchewan British Columbia Newfoundland and Labrador Manitoba Nova Scotia Prince Edward Island New Brunswick Canada Ontario Québec This copy is for archival purposes only. Please contact the publisher for the original version.

SLIDE 19

39.0%*

Doing Business in Alberta

Competitive Corporate Taxes

Comparison of Corporate Income Taxes

32.8% 15.0% 6.2% 10.0%

United States January 2014 Alberta January 2014

Federal Provincial / State

*6.2% represents the average top general state corporate income tax rate. Source: Alberta Innovation and Advanced Education, Tax Foundation and Federation of Tax Administrators

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 6.6 British Columbia 11 11 2.5 California 8.84 8.84 8.84 New Brunswick 12 12 4.5 North Dakota 4.53 4.53 4.53 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 7.3 7.3 4.8 Prince Edward Island 16 16 4.5 Louisiana 8 8 4 Nova Scotia 16 16 3 Arizona 6.5 6.5 6.5 Federal 15 15 10 Federal 35 32.75 34 Note: Rates as of January, 2014 The small business rate is the effective tax rate for US$466,066 (comparable to the Canadian threshold of Cdn$500,000) The small business income threshold for Nova Scotia and Manitoba is Cdn$350,000 and $400,000, respectively. For all other provinces the small business income threshold is Cdn$500,000 Source: Canada Revenue Agency, Federation of Tax Administrators This copy is for archival purposes only. Please contact the publisher for the original version.

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: 2010 – 2014 (average)

12.6 11.2 9.8 9.2 7.9 7.8 7.4 6.9 5.4 5.2 4.5 Newfoundland & Labrador Prince Edward Island New Brunswick Nova Scotia Ontario Quebec Canada British Columbia Manitoba Alberta Saskatchewan

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SLIDE 23

Working in Alberta

Low Personal Taxes

Top Marginal Personal Income Tax Rates 2014

* Prince Edward Island and Ontario’s top provincial rates include a surtax ** 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: KPMG

29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 29.0% 24.2% 29.0% 10.0% 13.3% 15.0% 16.8% 17.4% 17.8% 18.4% 20.5% 25.8% 21.0% Alberta Newfoundland & Labrador Saskatchewan British Columbia Manitoba New Brunswick Prince Edward Island* Ontario* Quebec** Nova Scotia

39.0% 42.3% 44.0% 45.8% 46.4% 46.8% 47.4% 49.5% 50.0% 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 – $100,000*

$13,293 $12,159 $11,658 $11,268 $10,635 $10,359 $9,272 $7,936 $7,474 $5,258 $29,469 $27,922 $27,422 $27,040 $26,414 $26,157 $25,106 $23,763 $23,302 $21,046 Québec Nova Scotia Prince Edward Island Manitoba New Brunswick Newfoundland & Labrador Ontario British Columbia Saskatchewan Alberta Total Federal Tax Total Provincial Tax $33,624 $28,591 $27,236 $26,893 $25,650 $23,957 $23,019 $19,797 $17,278 $13,680 $71,553 $65,960 $64,619 $64,288 $63,055 $61,422 $60,530 $57,293 $54,842 $51,227 Québec Nova Scotia Prince Edward Island Manitoba New Brunswick Newfoundland & Labrador Ontario Saskatchewan British Columbia Alberta

Total Federal Tax Total Provincial Tax

Source: Alberta Treasury Board and Finance (* as of June 2014)

Note: Comparisons are for a family with a 60/40 income split and two children aged 6 and 12. It includes the impact of income taxes, sales taxes, fuel taxes, health premiums and payroll taxes

Comparison of Provincial and Federal Taxes by Province Two-Income Family of Four – $200,000*

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SLIDE 25

* A couple family consists of a couple living together living at the same address with or without children Source: Statistics Canada

Working in Alberta

Family Income

$64,010 $65,450 $65,720 $65,820 $67,990 $68,710 $69,710 $71,150 $72,380 $78,170 $87,820 New Brunswick Quebec Prince Edward Island Nova Scotia Manitoba Newfoundland and Labrador British Columbia Canada Ontario Saskatchewan Alberta

2012 Median After-Tax Family Income Couple Families*

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SLIDE 26

Source: Centre for the Study of Living Standards

Working in Alberta

Standard of Living

Index of Economic Well-Being Provincial Comparison, 2012

0.361 0.473 0.496 0.507 0.516 0.569 0.573 0.581 0.585 0.600 0.619 0.620 0.634 0.641 0.791 Spain Italy United States Australia Canada United Kingdom Denmark France Sweden Finland Netherlands Germany Belgium Alberta Norway

Index of Economic Well-Being International Comparison, 2012

0.497 0.525 0.526 0.527 0.533 0.547 0.550 0.569 0.620 0.644 0.758 Prince Edward Island Nova Scotia New Brunswick Quebec British Columbia Ontario Manitoba Canada Newfoundland Saskatchewan Alberta

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SLIDE 27

Living in Alberta

People

Alberta Population by Ethnic Origin, 2011

Note: These numbers add up to more than the total 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%

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SLIDE 28

Living in Alberta

People

Alberta has Highest Population Growth in North America

(Top 10 States/Provinces in Population Growth - 2004 to 2014)

Sources: Statistics Canada, U.S. Census Bureau

15.1% 16.1% 16.3% 17.1% 17.4% 19.1% 20.4% 21.0% 22.5% 27.3%

Georgia District of Columbia North Carolina Colorado Idaho Arizona Texas Nevada Utah Alberta

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SLIDE 29

Comprehensive Academic & Research Institutions

University

Alberta; University

Calgary; University

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

Polytechnical Institutions

Northern Alberta Institute of Technology; Southern Alberta Institute of Technology

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

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SLIDE 30

Living in Alberta

Quality Education

Source: Measuring Up: Canadian Results of the OECD PISA Study, Council of Ministers of Education, Canada

Top Scores in Mathematics, Science and Reading 2012 Program for International Student Assessment (PISA) Examinations Average = 500

Mathematics Science Reading Rank Jurisdiction Score Rank Jurisdiction Score Rank Jurisdiction Score

1 Shanghai-China 613 1 Shanghai-China 580 1 Shanghai-China 570 2 Singapore 573 2 Hong Kong-China 555 2 Hong Kong-China 545 3 Hong Kong-China 561 3 Singapore 551 3 Singapore 542 4 Chinese Taipei 560 4 Japan 547 4 Japan 538 5 Korea 554 5 Finland 545 5 Korea 536 6 Macao-China 538 6 British Columbia 544 6 British Columbia 535 7 Japan 536 7 Estonia 541 7 Ontario 528 8 Quebec 536 8 Alberta 539 8 Alberta 525 9 Liechtenstein 535 9 Korea 538 9 Finland 524 10 Switzerland 531 10 Vietnam 528 10 Ireland 523 15 Canada 518 11 Ontario 527 11 Chinese Taipei 523 17 Alberta 517 13 Canada 525 12 Canada 523 45 United States 481 37 United States 497 31 United States 498

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

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SLIDE 31

Living in Alberta

Health Care

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* (2009-2012) 30 Day In-Hospital Mortality Rate from Heart Attack* (2009-2012) Per Capita Government Health Expenditures - 2012 ($ 000s)***

Alberta Canada**

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SLIDE 32

Living in Alberta

Arts and Culture

Note: Excludes statistics for Prince Edward Island which were too unreliable to publish

$56 $71 $72 $90 $99 $105 $113 $173 $181 $183 Newfoundland and Labrador Quebec New Brunswick Nova Scotia Ontario Saskatchewan Canada Alberta Manitoba British Columbia

Source: Statistics Canada

Average Household Spending on Live Sporting and Performing Arts Events: 2011 (Annual Dollars) Private Sector Support of Performing Arts (2012) Per Capita

$1.65 $2.55 $3.47 $4.34 $4.85 $5.22 $5.99 $6.24

Nova Scotia Saskatchewan Quebec Manitoba Canada British Columbia Ontario Alberta

Note: Excludes statistics for Prince Edward Island and New Brunswick which were suppressed for confidentiality reasons This copy is for archival purposes only. Please contact the publisher for the original version.

SLIDE 33

Living in Alberta

Donations and Volunteerism

Source: Survey of Household Spending, Statistics Canada

$242 $518 $528 $588 $632 $698 $704 $776 $828 $868 $1,000 Quebec Nova Scotia Newfoundland and Labrador New Brunswick Canada Ontario Prince Edward Island Saskatchewan British Columbia Manitoba Alberta

Charitable Donor Statistics

Average Annual Donations per Household, 2013

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SLIDE 34

Alberta On-Line Resources

Alberta Government : www.alberta.ca Alberta Innovation and Advanced Education: iae.alberta.ca/ www.albertacanada.com Doing Business in Alberta: Investing and Locating www.albertacanada.com/intl-business/establishing-a-company.html Export your Products www.albertacanada.com/business/export-your-products.aspx Industry Sectors www.albertacanada.com/ab-business/alberta-industries.html Regional Development www.albertacanada.com/about-alberta/regional-economic-development.html Community/Market Information Alberta Economic Dashboard Inventory of Major Alberta Projects www.albertacanada.com/about-alberta/the-economy.html economicdashboard.albertacanada.com www.albertacanada.com/business/statistics/inventory-of-major-projects.aspx Visiting Alberta: Travel Alberta www.travelalberta.com Vacations Guide www.travelalberta.com/en/Vacation_Guides/Pages/default.aspx?mrkt=Canada Provincial Parks albertaparks.ca Tourism www.tpr.alberta.ca Working and Living in Alberta: Immigrating Working in Alberta www.albertacanada.com/immigration http://www.albertacanada.com/opportunity/working.aspx Health Care www.health.alberta.ca Education www.education.alberta.ca Alberta Learning Information Service alis.alberta.ca

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