News & Events

News Stories

Creating Rural Connections

Through Research

RSS Feed

‹ View All Articles

January 21, 2014

$77,400,000,000 and Growing -- The Economic Impact of Rural Alberta

Bookmark and Share

From the January 20, 2014 Issue of Agri-News.

Are you passionate about rural economic development? Do you want to learn more about the major economic and demographic trends impacting rural Alberta? Tired of not being able to find rural specific results for your region, community, or industry? Do you want hard facts that support your belief that rural Alberta matters?

A major update of the Conference Board of Canada’s landmark study on the economic contribution of rural Alberta was recently completed. Made possible by the investment of the Rural Development Division at Alberta Agriculture and Rural Development, this is the most comprehensive overview of the rural economy available, and is a valuable tool for gaining insights into the challenges and opportunities shaping rural Alberta.

“The report continues to make the case for the importance of rural Alberta,” says Colin Gosselin, a Sr. Project Coordinator with the Rural Development Division. “Based on Statistics Canada data for 2009, rural Alberta contributed to $77.4 billion worth of economic activity in Alberta and Canada. More good news is that the economy and population of rural Alberta continues to grow overall.”

In terms of future opportunity, the Conference Board’s latest long-term forecast for Alberta predicts that two key sectors for rural Alberta – mining and oil and gas extraction, and agriculture – will post solid growth over the next 23 years. This bodes well for rural Alberta’s economic outlook. On the other hand, rural Alberta’s economy faces a major challenge – an aging population which will lead to weaker overall population growth going forward.

“The report concludes that any plans to ensure prosperity for rural Alberta must include the attraction and retention of people as a top priority,” adds Gosselin. “According to Conference Board research, this will take more than jobs, as those communities that also offer a high quality of life will be the most successful.”

Click here to link to the full report, Alberta’s Rural Communities – Their Economic Contribution to Alberta and Canada: Update.

For further information on the study contact Gosselin at 780-968-3518.

Next Article ›‹ Previous Article



Subscribe today for the ARDN's Alberta Rural Connector newsletter.

Subscribe ›