Released on April 27, 2012
Saskatchewan's economic growth in 2011 was its fastest in almost 15 years according to data released today by Statistics Canada. Saskatchewan's GDP grew by 4.8 per cent, second highest in the nation and the best performance since the starting year of this statistic in 1997. Alberta led economic growth in 2011 with an increase of 5.2 per cent.
"People recognize the opportunity in Saskatchewan today, as our province continues to grow and prosper," Enterprise Minister Jeremy Harrison said. "Saskatchewan is leading the country in a number of economic areas and all the conditions are right for our province to continue to see strong growth in the future."
According to the report, Canada's GDP rose by 2.6 per cent in 2011. The report referenced Saskatchewan's improvement was based on better than expected crop production, high residential construction, and gains in wholesale and retail trade. It also suggests that strong population growth contributed to the overall rise.
"As we continue with labour and business attraction initiatives, we can tell the rest of the world that our province is the place to be," Harrison said. "Individuals and families who are looking for a place to start their career, build a successful business and have an exceptional quality of life are choosing Saskatchewan."
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For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: 306-787-6315
Email: deb.young@enterprisesask.ca