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Alberta Ranked First in Economic Growth for 2018

 Written by Sam Pike

“Alberta has proven once again that it’s at the top of the country for economic growth for the second year in a row in 2018.

With the highest average weekly earnings. the highest employment rate and the lowest taxes, Alberta looks to be on its way back to economic recovery.

President of Treasury Board and Minister of Finance Joe Ceci says 2018 was promising.

“In 2018, we saw the recovery in Alberta’s economy become more entrenched. Jobs are up and the deficit has dropped. While we have seen our fair share of challenges, our government remains on track to balance the budget as planned in 2023. We will continue to act on behalf of Albertans to ensure our economy remains strong.”

The growth is thanks in part to chemical and food manufacturing. Alberta saw a large growth in both categories while seeing an overall 12 per cent increase in non-energy exports in 2018. October held a new record high for non-energy exports.

Deron Bilous, Minister of Economic Development and Trade says the growth was impressive.

“Alberta’s economy is creating good jobs across sectors and we’ve seen new opportunities for entrepreneurs, growth in our tech sector and attractive investment opportunities in our petrochemical industries. We’ll continue to support diversification through targeted investments that support businesses and communities across the province.” 

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