An aerial view of downtown Lethbridge in September. (Lethbridge News Now)
Alberta’s GDP grew by far smaller amount in 2018 than 2017
Nov 7, 2019 | 11:18 AM
LETHBRIDGE, AB – A new report from Stats Canada shows Alberta’s economy growing at a slower rate last year than the prior 12 months.
In 2018, they saw the province’s GDP grew by 1.6%, which followed a 4.8% rise in 2017.
Exports helped to drive last year’s number up, increasing by 6.5% year-over-year. Much of this was from crude oil and bitumen, as well as household spending on services (2.4%).
Investments into housing fell by 3.4% after increasing 3.1% in 2017.
