Alberta Real Gross Domestic Product (GDP) for Agri-Food Industries, 2011

 
 
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Agri-Food Statistics Update - Issue No. GDP13-1
Collected from a variety of sources, the Statistics and Data Development Branch monitors statistical indicators of agri-food activity for Alberta. The Agri-Food Statistics Update is designed to provide users with commentary on current issues, trends and new developments related to agriculture and the food and beverage processing industries. Up-to-date statistics are supplemented with informative charts and diagrams. To gauge Alberta’s performance, comparative data and information are often available for Canada and the provinces.

This Update presents an analysis of Alberta’s 2011 Gross Domestic Product (GDP) for agri-food industries (primary agriculture industries and food and beverage manufacturing industries).

GDP is the total unduplicated value of goods and services produced in a region during a given year. GDP of an industry equals the output by the industry minus the value of intermediate inputs that were purchased from other industries, domestic or foreign. This Update presents “real GDP” which provides a measurement of economic performance changing over time, excluding the effects of price changes. An increase in GDP is a sign of a healthy economy while a decline indicates that the economy is not functioning to its full capacity.

Key Messages

  • As measured by real Gross Domestic Product, Alberta’s economy grew 5.1 per cent in 2011, the strongest performance among the provinces. This was followed by increases in Saskatchewan at 4.9 per cent and in Newfoundland at 3.0 per cent. These gains were larger than the national increase of 2.6 per cent.
  • In 2011, all major industries in Alberta reported increases in real GDP over 2010. The GDP for agri-food industries (primary agriculture industries and food and beverage manufacturing industries) expanded by 4.0 per cent, the second consecutive year of growth. This percentage was the eighth largest among the 21 major industries in the province.
  • Following a gain of 15.7 per cent in 2010, real GDP for agriculture industries (crop and livestock production and supporting activities) grew another 3.2 per cent in 2011. In comparison, growth in 2011 for food and beverage manufacturing industries was larger at 5.2 per cent, well above the 1.3 per cent gain in 2010.
Note to Users:

The 2009 to 2011 GDP estimates presented in this Update are sourced from Statistics Canada Provincial and Territorial GDP by Income and by Expenditure Accounts released in December, 2012. Estimates of GDP are available in both real 2007 Chained Dollars and in current dollars.

Provincial GDP data for the 2012 reference year are tentatively scheduled for release in Fall-2013.

For a complete copy of this update, please download the attached .pdf file.

 
 
 
 
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For more information about the content of this document, contact Jean Marie Uwizeyimana.
This document is maintained by Mary E Nucom.
This information published to the web on September 23, 2013.
Last Reviewed/Revised on October 7, 2015.