Gross Domestic Product
Gross Domestic Product (GDP) is a measure of the economic production which takes place within the geographical boundaries of a province or country. It can be measured at basic prices (by industry) or at market prices in chained 2012 dollars.
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Gross Domestic Product at Basic Prices ($ billion)

Trend % CHANGE
Gross Domestic Product at Basic Prices ($ billion)
TREND: INC DEC NO CHG POS NEG
Gross Domestic Product at Basic Prices ($ billion)
TREND: INC DEC NO CHG POS NEG

Analysis

PUBLISHED - May 6, 2022
Alberta's GDP at basic prices was $323.1 billion in 2021, an increase of 5.1% from 2020. GDP increased in all provinces except Saskatchewan. Prince Edward Island had the largest increase (+6.6%), followed by British Columbia (+6.2%), and Nova Scotia (+5.8%). In Alberta, GDP increased for most industries, with Accommodation and food services (+11.1%), Mining, quarrying and oil and gas extraction (+10.4%), Health care and social assistance (+9.0%), and Construction (+8.6%) seeing the largest increases. GDP in the Management of companies and enterprises (-26.6%), Agriculture, forestry, fishing and hunting (-25.6%), and Utilities (-2.8%) industries decreased. Alberta's GDP at market prices decreased 7.9% year-over-year to $319.7 billion in 2020.