Alberta+Economics


 * History || Economics || Politics || Geography || Culture || Activites ||

Currency
1 Canadian Dollar = 1.0222 US dollars = = = =

Industry and Economy

 * Alberta's economy is diversifying to create more stable economic growth.
 * Manufacturing and business services, now at almost 18% of gross domestic product, were under 12% 20 years ago.
 * Energy now is one-quarter of Alberta's gross domestic product. 20 years ago it was more than one-third.
 * Almost 7,500 miles of fibre and wireless technology in [|Alberta SuperNet]'s broadband service link 4,200 facilities in 429 communities across Alberta.
 * Alberta's forests support the province's 3rd-largest industry, and provide opportunities for hunting, wildlife viewing and recreation.
 * The cost of doing business in Alberta's 2 major cities, Edmonton and Calgary, is among the most competitive in North America — according to KPMG's 2006 guide to international business costs, //Competitive Alternatives//.

Energy

 * Oil and gas produce one-quarter of Alberta's gross domestic product, almost 70% of our exports and 35% of Alberta government revenues. The energy industry accounts for 275,000 direct and indirect jobs.
 * Alberta's hydrocarbon resources include conventional oil, oil sands, natural gas, coal and coal bed methane (natural gas found in coal seams). Alberta's coal seams are estimated to hold up to 500 trillion cubic feet of natural gas.
 * The Alberta government invests about C$30 (or US$26) million per year in energy research and technology, including clean coal technologies, carbon dioxide management, improved oil and gas recovery, bitumen upgrading, alternative and renewable energy technologies, and water management.

Natural Gas-Export

 * Alberta/Canada has been the largest gas supplier to the US for 6 years in a row.
 * Canada is the world's 3rd-largest natural gas producer and 2nd-largest exporter. About 55% of Canada's 6.4 trillion cubic feet produced in 2004 went to the US. Natural gas and natural gas liquids were 40% of Alberta's exports in 2005. One billion cubic feet of natural gas can meet the energy needs of 8,000 northern climate homes for a year. In 2005, Alberta produced about 13.8 billion cubic feet of natural gas a day, and 5 trillion cubic feet per year. That is almost 80% of Canada's natural gas.
 * [|Natural gas stats and facts]

Forestry

 * [[image:http://alberta.ca/home/images/about/forestry.jpg align="right"]]Forests cover 38 million hectares in Alberta, nearly 60 per cent of the province. Alberta’s forests grow an estimated 44.5 million cubic metres of wood per year.
 * The forest industry provides $9 billion to Alberta’s economy and employs 38,000 Albertans in primary and secondary forest products manufacturing.
 * Alberta's forests are a popular destination for hunters, fishers, hikers and off-highway vehicles.
 * Approximately 645 registered professional foresters and 574 registered professional forest technologists practise forestry in Alberta.
 * Alberta’s forest companies are required by law to reforest what they harvest and replant an average of 75 million coniferous seedlings each year in Alberta.

**Wage and Salary** **[]**

** Above information copied from: [|Alberta Canada]  **