Question

Economic Diversity: 2013 Percentage Distribution of GDP Total GDP: $331.9 Billion (values in %) 1 6.9% 24.6% 6.0% Energy 24.6% -> highest Construction 10.7% Agriculture 1.9% Lowest Health 5.0% hospital Education 3.6% Social Bath Public Admin. 4.4% 10.6% 10.7% Retail & Wholesale 8.7% 13.5% 1.9% Tourism & Cons. Services 4.4% Finance & Real Estate 13.5% tank 5.0% 4.4% 3.6% 4,4% Bus & Comm. Services 10.6% 8.7% Transp. & Util. 6.0% Manufacturing 6.9% Cowa Sources: Statistics Canada and Alberta Innovation and Advanced Education 1. If you were to market Alberta to outside investors, what sectors would you focus on for future growth? 24,69

Answer 1

1.

It is the energy sector that is making the highest contribution to the GDP of the country that is 24.6%. So, it has the highest probability that investors of this sector will be most interested in Alberta products and services. So, the first attention will be on Alberta. The second sector will be Finance and real estate that contribute to the tune of  13.5%. Here, the investors will be willing to know about the future prospects, growth and trends. Hence, investors will also be interested and targeted for the service of Alberta. Afterwards, it will be Construction sectors that will create interest as it is making double digit contribution to the economy. So, investors in this sector will also be targeted.

Here, it is to be observed that in the education sector (that is only 3.6%), Alberta can add high value and quality to the students of advance education classes. Implementing Alberta, will raise the quality of education and research work. Hence, many universities and colleges as investors will also be interested in Alberta as it will be used as value addition and growth will take place.