Recent employment numbers from Statistics Canada showed Alberta gaining 21,000 jobs in April. Based on a deep understanding of the unique features of Alberta's economy, ATB’s Alberta Economic Outlook presents a forecast for GDP and employment growth. Phone: 780-427-7543 The most recent issue of Economic Spotlight (June 2019) was published on July 5, 2019. Insights ATB’s Alberta Economic Outlook. GDP and per capita GDP, 2018. “It’s going to be a slow year for economic growth in the province,” Rob Roach, ATB’s director of insight, told Global News Morning Calgary. It’s not all doom and gloom in the ATB economic outlook. Get a quick snapshot of our current economic state or explore each indicator in more detail. COVID-19: Cases are rising across Alberta. Provincial Outlook. Email: Tatiana.Gubanova@gov.ab.ca. Alberta’s move to force cuts to oil production in the province is clouding an already modest outlook for Canadian economic growth in 2019. “Until that pipeline issue gets resolved and we get more capacity, it’s really constraining the growth of the oil sector,” Roach said Thursday. For illustrative purposes, market income (total income less government transfers) per capita from tax returns is included. "+�� �u�2���+, Treasury Board and Finance - Economics and Revenue Forecasting. Want to discuss? A table listing total GDP (expenditure-based), share of Canadian GDP, population, and per capita GDP in 2018.
Alberta’s real GDP by industry grew by 2.3% in 2018 following 4.6% growth in 2017.
Kenney says Alberta’s carbon tax will die May 30. Toll free: 310-0000 before the phone number (in Alberta) %�H+�FR�v�����ͼ"t3����+B7���ͼ"t3���*b7�ZVY��f�YP�n�����f^�YP�n��yE�f�R�t�y��|7� �͂�w3��,(|7��͂�w�����+B7��e�5��iϟ�e$܀���
5����@yE��~�Ԏ;a :������a�����n�0����8�a@�q@C ���`��
Economics and Revenue Forecasting At the top end of the list, Alberta set to record a deficit-to-GDP ratio approaching 8.1% this fiscal year, followed by N&L (7.3%) and Ontario (4.6%). Quarterly forecasts of the economic prospects for each provincial economy including forecast detail tables and key provincial comparisons. These newsletters focus on a particular theme related to the Alberta economy. From May 2019 on, this has continued as a separate document: Economic Spotlights (see below).
Economic outlook, analysis and statistics. ��"����C��*���"@� Economic analysis and key indicators related to Alberta’s economy, labour market and various sectors, and spotlights which cover a relevant economic topic in more depth. Pipeline constraints to slow Alberta’s economy to single-digit growth in 2019: ATB. Controversial tanker ban Bill C-48 rejected by Senate committee — but it isn’t dead in the water. Alberta Treasury Board and Finance “On the bright side, it is still on the positive side. But the ATB economics and research team director does not have confidence in the province’s job trends. “Overall, agriculture and food processing, manufacturing in general — those are a couple of bright spots that should do relatively well in 2019,” Roach said. Former Saskatchewan finance minister advising Alberta government on fiscal plan. So we are expecting some growth this year, just not a lot.”, READ MORE: Alberta Economic Outlook. The Economic Trends documents contain timely analysis of current trends in Alberta’s economy. And if the economy is slow enough, we might see some job losses overall.”. The GDP value of Algeria represents 0.14 percent of the world economy. Pipeline capacity, including projects like Line 3 replacement, Keystone XL and the Trans Mountain Expansion, is throttling sector activity and investor confidence. ATB points to the province’s oil and gas sector — representing over 25 per cent of the Alberta’s real GDP — as a key factor in the gloomy economic outlook. These outsized shortfalls will send the combined net debt-to-GDP ratio to around 38%, the highest level since the mid-80s. �Ƽ"������+B'
These documents are usually published at the end of the month. “As long as that’s in place, the sector can’t really grow, and that keeps our economic growth overall from expanding.”, READ MORE: Alberta’s debt-to-GDP ratio was 9.9 per cent in 2019/20, with Saskatchewan being the next-least indebted province on this metric at 14.4 per cent of GDP. In a report released Tuesday, the City of Calgary’s economic outlook expected the southern Alberta city’s GDP to outpace the province, growing by 1.9 per cent in 2019. �ʂ��2��,T Labour Market Indicators at a Glance | Treasury Board and Finance Page 1 November 1, 2019 Alberta Economy Indicators at a Glance
The most recent issue of Economic Trends (December 2019) was published on December 19, 2019. Get a roundup of the most important and intriguing national stories delivered to your inbox every weekday.
Welcome to the Alberta Economic Dashboard. Current issue dates The most recent issue of Economic Trends (December 2019) was published on December 19, 2019. �X�+�?4���~�k�.��n���zJX�W�Է֟���m:F*0�m�{����vCyɹBg���:� ����v���g��_�x{�[o�����87��z����p�lϥ�rw#t�9o�a=W�����L����oφ���%��jl���B�~���+Ѕ�Jy�����v! There is extreme uncertainty around Calgary’s economic outlook due to the double economic impacts from … Phone: 780-644-4366 With a nasty recession and historically low oil prices, Alberta is set to accumulate much more debt this year. Please read our Commenting Policy first. (The per capita, rather than per tax filer, measure is chosen for comparability with GDP per capita.) The dashboard compiles the Alberta economy's most important indicators for businesses in one place. Alberta’s economy faces significant headwinds in 2019, according to the latest forecast from the Alberta Treasury Branch. The most recent Economic Spotlight was published in July 2019. Alberta's economy struggled this year and is in for another tough 12 months in 2020, according to the latest outlook from ATB Financial. Email: Victor.Jiang@gov.ab.ca, Tatiana Gubanova, Manager, Revenue Forecasting ��q�����fH!T4����CJ>̺��~w�B����q#����8Jm�������3h
Wuū� 0P�U� �"mSPdmM^PA�N�B��Y���%M��5���= | LISTEN BELOW: Rob Roach speaks on the Ryan Jespersen Show on 630 CHED, READ MORE: NEW: Economic Activity The Alberta Activity Index held steady in August and was down 0.8% year-to-date (YTD). Alberta's economic outlook, published by ATB Thursday, expects real GDP growth of just 0.7 per cent in 2019, thanks in large part to pipeline constraints. �,w�*]I^ y��{>R���Wx�^�J�� The Gross Domestic Product (GDP) in Algeria was worth 169.99 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics.
“The digital economy, high tech and tourism as well — those are some areas where things should roll along pretty well in 2019.”, READ MORE:
“So we still have very high unemployment in Alberta relative to what we’re used to.”, “Hopefully we won’t see it slip into negative where we actually lose jobs but that could happen if drilling rates are down. Stronger health measures are in place for Calgary, Edmonton and all communities under watch. Subscribe to get our economic publications by email, Victor Jiang, Manager, Macroeconomic Forecasting Toll free: 310-0000 before the phone number (in Alberta) ATB expects an alleviation in pipeline issues should help Alberta’s economy grow in 2020, with real GDP increasing by 1.6 per cent. The financial institution projects a mere 0.7 per cent growth in real gross domestic product (GDP) for 2019, down from 1.4 per cent in its March economic outlook.