Economy of Alberta

Economy Of Alberta

Alberta's economy is one of the strongest in Canada, supported by the petroleum industry and, to a lesser extent, agriculture and technology. The per capita GDP in 2007 was by far the highest of any province in Canada at C$74,825 (approx. US$75,000). In 2006 Alberta's per capita GDP was higher than all US states, and one of the highest figures in the world. Alberta's per capita GDP in 2007 was 61% higher than the Canadian average of C$46,441 and more than twice that of all the Maritime provinces. In 2006, the deviation from the national average was the largest for any province in Canadian history.

According to the Fraser Institute, Alberta has very high levels of economic freedom and rates Alberta as the most free economy in Canada, and second most free economy amongst U.S. states and Canadian provinces.

Read more about Economy Of Alberta:  Economic Geography, Trends, Employment

Famous quotes containing the word economy:

    Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.
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