Alberta's Profile
Economic Indicators in 2021
- Gross domestic product (GDP): $374.5 billion
- GDP per capita: $84,300
- Population: 4.4 million
- International merchandise exports and imports: 57.0% of GDP
Economic Activity by Sector in 2022
- Goods: 46.6% of GDP
- Mining, quarrying, and oil and gas extraction: 26.7% of total GDP
- Construction : 7.8% of total GDP
- Services: 53.5% of GDP
- Real estate, and rental and leasing: 10.0% of total GDP
- Health care and social assistance: 5.9% of total GDP
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Alexia Lagacé-Roy
Research and Education
Publication No. 2023-501-E
18 July 2023
Alberta's Merchandise Trade
Alberta's merchandise trade with the world in 2021: $212.4 billion
- Exports: $139.1 billion, a 56.0% increase from 2020
- Imports: $73.3 billion, a 9.3% increase from 2020
Trade surplus in 2021: $65.8 billion, an increase from $22.1 billion in 2020
Exports in 2021: 22.0% of the total value of Canadian exports, an increase from 17.2% in 2020
Imports in 2021: 11.2% of the total value of Canadian imports, a decrease from 11.5% in 2020
Exports as a percentage of GDP in 2021:
- Alberta – 37.1%, an increase from 30.1% in 2020
- Canada – 25.2%, an increase from 23.5% in 2020
Imports as a percentage of GDP in 2021:
- Alberta – 19.6%, a decrease from 22.6% in 2020
- Canada – 26.0%, a decrease from 26.4% in 2020
Exports in 2022:
- Resource-based goods – 77.3%, an increase from 73.0% in 2021
- Manufactured goods – 22.7%, a decrease from 27.0% in 2021
Highest-valued exports in 2022: Crude oil and hydrocarbon gases, together accounting for 74.5% of the total value of provincial exports
- Crude oil: $131.0 billion, an increase from $84.8 billion in 2021
- Hydrocarbon gases: $22.1 billion, an increase from $12.0 billion in 2021
Major export destinations, by region, in 2022:
- United States, at 89.6% of the total value of exports
- Europe, at 7.1% of the total value of exports
- Asia, at 1.1% of the total value of exports
Major export destinations, by country, in 2022:
- United States, at $183.8 billion
- Japan, at $5.2 billion
- China, at $5.1 billion
Alberta's Services Trade
Alberta's services trade with the world in 2021: $25.6 billion
- Exports: $9.7 billion, a 15.7% increase from 2020
- Imports: $15.9 billion, a 2.2% increase from 2020
Trade deficit in 2021: $6.2 billion, a decrease from $7.2 billion in 2020