With industrial centres like Fort Saskatchewan and the Heartland at the helm, new numbers are showing evidence of a stronger economy.
Some of the nation's economic experts are forecasting that Alberta will lead the pack in economic growth over the next two years.
“Albertans have no control over world oil prices, but strategic investments from government and industry have helped cushion the blow and stimulate growth, explained Deron Bilous, minister of Economic Development and Trade.
Toronto Dominion Economic report is predicting a gross domestic product (GDP) growth this year of 3.7 per cent, far higher than the average rate of 2.6 per cent between 2005 and 2015. Bloomberg has reported that a survey of economists pegged GDP growth at 2.9 per cent so far this year and 2.4 per cent in 2018.
The reports cite Alberta's enormous investment in infrastructure and increased investor confidence, as contributing factors to the strengthened economy.
"Nearly 49,000 jobs were created here over the last year," said Bilous. "Alberta continues to have the highest employment rate in the country and the highest weekly earnings."
The nation's economy grew nearly one per cent between April and May with significant contributions from the energy sector, much of which is situated in Alberta. The energy sector grew nearly five per cent in same month, drilling 196 unique wells in May 2017, up 250 per cent from May 2016.
Consumer spending is up too; retail sales in Alberta reached $6.8 billion in May, up from the pre-recession peak of $6.7 billion in October 2014.

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