New website provides Alberta-specific economic info
Provincial government reveals new tool to help businesses access up-to-date stats
Saturday, Feb 22, 2014 06:00 am
Need to get quick, up-to-date stats on population growth in Alberta? A new, web-based tool introduced by the Alberta government Friday does just that.
Comprehensive economic information on the province is now available on the Alberta Economic Dashboard. The website provides 26 up-to-date economic metrics specific to the provincial economy. These include everything from gross domestic product, to natural resource prices and employment numbers.
The website also provides viewers with historical data, growth rankings and provincial comparisons.
Dave Hancock, deputy premier and minister of Innovation and Advanced Education, said today’s business owners don’t have the time to search for relevant information on different platforms.
The dashboard makes it “easier for potential investors to navigate statistics, identify trends, draw comparisons to other jurisdictions and invest in our economy,” he said.
The dashboard takes its data from 12 different sources, most prominently Statistics Canada. It gives monthly to daily updates whenever new information becomes available. Viewers can also download the information in various file formats.
That makes it an efficient tool to use for developers and investors looking to gain access to the province, said Todd Hirsch, ATB Financial chief economist.
“What you want to do be doing is look at a broad range of information,” he said. “I think (the dashboard) will be beneficial not only to business people but also to economists, journalists … because it gives you the full range of what’s going in the Alberta economy.”
Alberta is the first jurisdiction in Canada to offer comprehensive economic information online.
The dashboard also replaces the longstanding Monthly Economic Review report that documented monthly economic statistics in hard copy and electronic formats.