Alberta
Economic Indicators in 2023
- Gross domestic product (GDP): $452.4 billion
- GDP per capita: $96,600
- Population: 4.7 million
- International merchandise exports and imports: 58.6% of GDP
Economic Activity by Sector in 2023
- Goods: 43.6% of GDP
- Manufacturing: 7.5% of total GDP
- Construction: 7.4% of total GDP
- Services: 56.4% of GDP
- Real estate, and rental and leasing: 10.4% of total GDP
- Health care and social assistance: 5.9% of total GDP
Fundamentals for this Profile
Provincial and territorial profiles provide international trade data; the data exclude trade within Canada.
Trade data are measured on a balance‑of‑payments basis except for the following, which are customs‑based: export shares by sector; exports by product category; and exports by destination.
Provincial import data by sector, by product category and by trading partner are not provided because of data limitations.
The balance of payments–based data and customs‑based data should not be compared due to different methodologies.
GDP is measured at market prices, except GDP by sector, which is measured at basic prices.
GDP per capita is calculated by dividing provincial GDP by provincial population.
International merchandise exports and imports as a percentage of GDP is calculated by dividing the sum of merchandise exports and merchandise imports by provincial GDP.
The five most highly valued merchandise export categories have been identified using values for 2024.
At preparation, reliable data on provincial merchandise and services imports were available only until 2023.
All figures were prepared using Statistics Canada data available in winter 2024. Numbers have been rounded.
For the data tables used to generate the figures, see the HTML version of this profile at Trade and Investment Series 2022.
Definitions are available.
Definitions appear at the end of the profile.
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Isaac Doucette and Anthony Tazbaz
Research and Education
Publication No. 2024-501-E
06 March 2024
Alberta's Merchandise Trade
- Alberta’s merchandise trade with the world in 2023: $265.2 billion
- Exports: $171.6 billion, a 13.7% decrease from 2022
- Imports: $93.5 billion, a 1.8% increase from 2022
- Trade surplus in 2023: $78.1 billion, a decrease from $107.0 billion in 2022
- Exports in 2023: 22.5% of the total value of Canadian exports, a decrease from 25.7% in 2022
- Imports in 2023: 11.9% of the total value of Canadian imports, an increase from 11.7% in 2022
- Exports as a percentage of GDP in 2023:
- Alberta: 37.9%, a decrease from 42.1% in 2022
- Canada: 25.9%, a decrease from 27.1% in 2022
- Imports as a percentage of GDP in 2023:
- Alberta: 20.7%, an increase from 19.4% in 2022
- Canada: 26.9%, a decrease from 27.5% in 2022
- Exports in 2024:
- Resource-based goods: 76.1%, an increase from 75.5% in 2023
- Manufactured goods: 23.9%, a decrease from 24.5% in 2023
- Highest‑valued exports in 2024: Crude oil and hydrocarbon gases, together accounting for 72.5% of the total value of provincial exports
- Crude oil: $124.1 billion, an increase from $113.3 billion in 2023
- Hydrocarbon gases: $8.5 billion, a decrease from $11.0 billion in 2023
- Major export destinations, by country, in 2024:
- United States, at 88.5% of the total value of exports
- China, at 3.7% of the total value of exports
- Japan, at 1.5% of the total value of exports
- South Korea, at 0.6% of the total value of exports
- Mexico, at 0.4% of the total value of exports
- All other destinations, at 5.3% of the total value of exports
Alberta's Services Trade
- Alberta’s services trade with the world in 2023: $39.5 billion
- Exports: $14.8 billion, a 12.7% increase from 2022
- Imports: $24.7 billion, a 6.9% increase from 2022
- Trade deficit in 2023: $10.0 billion, unchanged from 2022