Edmonton continues to lead the rebounding economy in Alberta. The Capital of the Province and known as Alberta’s “Festival City”, Edmonton is home to more than one million people. Edmonton is the supply base for Alberta’s ever expanding petroleum industry - the industrial supplier to the tar sands, supply depot to the growing Northern Alberta population, and the administrative hub for Northern Alberta and Northern Canada. Economic growth for Edmonton is projected at 4.4% through 2012.
Demographics
- Compared against the other 33 CMAs, Edmonton had the second lowest proportion of senior citizens and a median age of 36.4 years The youthful population has been maintained by an increased amount of interprovincial migration, increasing the share of individuals between the ages of 20-44
Investment
- Over $270 billion in regional investment is planned for the next decade in Northern Alberta
GDP
- Annual GDP of more than $42.5 billion
- Robust GDP growth of 47% in the past decade, exceeding Canadian growth in eight of the past 10 years
- Edmonton is projected to lead the country in GDP per capita through 2013
Workforce
- Edmonton’s educated entrepreneurial workforce has grown 1.2% since the fall of 2008 reaching 649,000 workers as of March 2009, Alberta’s seasonally adjusted employment rate was 6.0% in April,2009, well below the National average of 8.0%
Income
- Edmontonians enjoy a per capita income that is higher than the national average
Source: Edmonton Economic Development, 2009
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