The Capital of the Province and known as Alberta’s “Festival City”, Edmonton is home to more than one 1 million1 people.
Edmonton continues to lead the rebounding economy in Alberta and is the supply base for Alberta’s ever expanding petroleum industry - the industrial supplier to the oil sands and the administrative hub for Northern Alberta and Northern Canada.
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
- An unbelievable $168 billion dollars in regional investment is planned for the next decade2
GDP
- Alberta has an annual GDP of more than $42.5 billion3, with robust GDP growth of 44% in the past decade, exceeding Canadian growth in eight of the past 10 years4
- There is projected GDP growth of approx 3% over the next 5 years5
Workforce
- Edmonton has experienced the strongest period of economic growth in Canadian history. The Capital city boasts an educated entrepreneurial workforce of over 600,0008 as well as 10 post-secondary institutions with 150,000+ students.
Income
- Edmontonians enjoy a higher average personal disposable income per capita than other major Canadian cities.
Source: Edmonton Economic Development, 2011
1,8 - Statistics Canada; 2 - Alberta First; 3,4,5 - Conference Board of Canada |
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