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Calgary and Region Economic Outlook Fall 2016

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Calgary and Region Economic Outlook Fall 2015

Calgary & Region Economic Outlook Fall 2016
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The forecast for the Calgary Economic Region shows that GDP will contract by 3.2 per cent in 2016 and grow by 1.2 per cent in 2017. Economic activity will be weighed down by reduced investment expenditures and job layoffs.



Calgary`s Economic Performance
 

Calgary`s Economic Performance 2001-2015
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Alberta experienced rapid swings in its economic prospects in the past 15 years, from record growth to the current economic downturn.



A Case of Fiscal Imbalance
 

A Case of Fiscal Imbalance: The Calgary Experience
(An Update)

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Calgary’s contribution to the balance sheets of the federal and provincial governments leaves the local government with less than adequate revenue to fund its spending responsibilities. This has increased the local government’s reliance on intergovernmental transfers, which by nature is fraught with uncertainty.


Oil price chart

Oil Price Chart
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Energy sector has been a key economic driver for Calgary. The price changes and fluctuations in crude oil market have significant impact on Calgary’s economic performance. West Texas Intermediate (WTI) is a grade of oil used as a benchmark in oil pricing, while Western Canada Select (WCS) is the price obtained for many Alberta producers.

 

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 Calgary Quick Facts

 

Population
(projection Jan. 2017, x1000 of persons)

1,246.8

Inflation Rate
(All items, 12 MMA, %, Dec. 2016)

0.97

Unemployment Rate (%, Jan. 2017)

9.5

Housing Starts
(units, Dec. 2016)

 816

Total Building Permit Values
($million, Jan. 2017)

912.8

Latest Reports


Reports Overview

Calgary & Region Economic Outlook

Fall 2016See all

Current Economic Indicators

Dec 2016See all

Housing Review

Q4 2016 • See all

Inflation Review 

Dec 2016See all

Labour Market Review

Jan 2016See all

Other Research Reports

Residential Property Taxes and Utility Charges Survey 2015  • See all

Population Outlook

2013-2018See all