STRONG, DIVERSE ECONOMIC BASE PROVIDING UNPARALLELED INVESTMENT OPPORTUNITY

We are one of Canada's strongest economies and have demonstrated resilience and strength through uncertain global economic conditions. 

Edmonton provides a strong economic base from which to grow. 

 

 

 

"The resiliency of the Edmonton economy is reflected in the city's continuing employment growth. With a well diversified industrial base Edmonton continues to attract individuals seeking employment and investment opportunities." - John Rose, Edmonton Chief Economist

Strong, Diverse, Resilient Economy

Strong Fundamentals

Edmonton's unemployment rate is the lowest in Alberta.1

Responsible for 25% of all Net New Jobs in Canada Over the Past 5 Years1

GDP, Income and Population Growth 3x the Canadian Average Over the Past 5 Years2

$5 Billion of Public and Private Investment in the Downtown.3

Scoring 0.87 out of 1.0, the Conference Board of Canada rates Edmonton's economy as highly diverse.

1. Statistics Canada and City of Edmonton

2. Conference Board of Canada

3. City of Edmonton

Economic Indicators

Canada's GDP Growth Leader

In 2014, Edmonton experienced the largest economic growth of any major Canadian city. It is projected to continue to grow in 2016-2020.1

1. Conference Board of Canada

Edmonton Key Economic Indicators
Indicator As of:  Value Year over Year Change (%) Annual Percent Growth Rate 2011-2015
Gross Domestic Product1        
Edmonton CMA Real GDP (estimated)   Q1 2016 $86,904,000,000 -1.3 3.8%
Labour Market2        
Labour Force Q1 2016 835,000 5.3  
Employment Q1 2016 778,100 3.3  
Unemployment Rate Q1 2016 6.8%    
Participation Rate Q1 2016 75.0%    
Inflation3        
CPI Inflation Rate (Annual) Q1 2016 1.3%    
Building Permit Value (yr-to-date)4        
Residential Q4 2015 $3,975,591,000 -3%  
Non-residential Q4 2015 $2,139,451,000 -9%  
Major Projects5        
Major Projects Value - Edmonton Service Region Q4 2015 $172,618,000,000    
Sources: 
1. Conference Board of Canada
2. City of Edmonton Labour Force Survey based on Statistics Canada Data (seasonally adjusted)
3. City of Edmonton Consumer Price Index based on Statistics Canada Data
4. Statistics Canada
5. Government of Alberta with City of Edmonton Calculations

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Please contact us for more detailed information on Edmonton's key economic indicators.

Growth Potential

The Province of Alberta highlights over $172 billion in projects across different sectors in Edmonton's service region.

Alberta's Industrial Heartland Projected Value of Projects

The Edmonton Energy and Technology Park, located in northeast Edmonton, is part of Alberta's Industrial Heartland (AIH) - Canada's largest hydrocarbon processing region.

AIH has over $30 billion in investments and contributes approximately $1.5 billion in annual spending. Currently, AIH has over $14.8 billion in projects under construction or announced - contributing significantly to further industrial growth in Edmonton and the region.

  

Please contact us for more detailed information on projects in the Edmonton service region.

Export Potential

Alberta's Largest Manufacturing and Processing Centre

The Edmonton region is home to Alberta's largest manufacturing and processing centre - accounting for 40% of Alberta's manufacturing shipments including products from its top sectors: petrochemicals and chemicals, and metal fabrication and machinery.1 

Edmonton is an intermodal hub and logistic centre that serves all Western Canada (from the Rocky Mountains to the Great Lakes) and is the gateway to Canada's north and Arctic region. 

Local, U.S. and Asian Markets

Alberta's largest market is the U.S., followed by a rapidly expanding and diverse customer base in Asia. Also, a significant amount of Alberta's economic activity is generated by a strong domestic customer base primarily within Western Canada. 

Alberta GDP Growth

The Government of Alberta estimated a real GDP growth rate of 4.4% in 2014, the strongest growth rate among all Canadian provinces and the 5th consecutive year of robust growth.2 Alberta's economy remains resilient and modest economic growth is expected  2016-2020 according to the Conference Board of Canada.

1. Government of Alberta: Economic Indicators

2. Government of Alberta: Highlights of the Alberta Economy

Please contact us for more detailed information on Edmonton's export market.