Key Market Facts

 

Economic Growth


  • Conference Board of Canada report recently commissioned by Calgary Economic Development (CED) ranks Calgary first in overall economic prosperity compared to 22 other cities around the world as of May 20, 2009


Income


  • Calgary had the highest Canadian personal income per capita at $52,922 in 2007
  • Highest growth in personal income per capita in 2007 at 6.5%

Head Offices


  • Calgary has the highest concentration of head office employment in Canada (on a per capita basis)
  • It has experienced a 60.3% growth in major head offices over a five year period (2002-2006 )


Small Business


  • Known for its entrepreneurial spirit, Calgary has an excellent climate for small business enterprises


Employment


  • Calgary came second in Canada for labour force growth in 2007 at 4.5%
  • Highest total labour force growth in Canada at 33.8% over the past 10 years (1998-2007)


Energy


  • Calgary is Canada’s Global Energy Centre
  • Calgary based companies are driving more than $75 Billion of the $108 Billion of major energy related projects in Alberta


Finance and Business Services


  • North America’s Fastest growing Economic Region
  • Accounts for 10.4% of total employment. Compared to 8.5% in AB and 9.7% in Canada


Transportation and Logistics


  • The North American Hub for the Pacific Northwest by road, rail and air


Technology


  • Calgary is home to the largest number of technology start-ups per capita in Canada


Labour Force / Employment


  • Calgary had the highest labour force growth in Canada in 2008 at 3.7%
  • Highest total labour force growth in Canada at 33.5% over the past 10 years (1999-2008)


Source: Calgary Economic Development
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