Edmonton Region Gross Domestic Product measures the overall strength of the region’s economy. It monitors real gross domestic product (GDP) at basic prices for the Edmonton Census Metropolitan Area (CMA) as estimated by the Conference Board of Canada. While the measure provides value as an indicator of overall economic health, it does not capture factors such as economic diversity, equality or environmental impact. As this is a regional measure and impacted by the economy, Edmonton Region Gross Domestic Product is considered an indicator.
GDP is widely recognized as an important economic indicator of how an economy is doing. GDP growth also impacts the economy. It is a positive feedback loop—strong performance generates investor confidence which impacts investment decisions that contribute to further economic growth.
Edmonton Region GDP
Data source: Conference Board of Canada, Metropolitan Outlook 1, Winter 2017 through the City of Edmonton's Chief Economist
CMA and City GDP Comparison
Data source: City of Edmonton Office of the Chief Economist
Explanation of Performance
Additional Useful Information
A city-level GDP and corresponding annual growth rate are
provided. The methodology used to estimate GDP by the
Conference Board of Canada differs from the methodology
used by the City of Edmonton’s Office of the Chief Economist.
The Office of the Chief Economist uses a market price method
to estimate GDP and forecasts a smaller gross value for the
Edmonton CMA GDP, which indicates that Edmonton GDP
growth was slightly less than Edmonton CMA GDP growth