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Chemicals and petroleum refining is the province’s largest manufacturing sector [2016]

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Presents information on Alberta’s chemicals and petroleum refining (CPR) sector, which accounted for 39 per cent of total manufacturing revenues in Alberta in 2015. This sector’s revenues rose... More ≫

Description

Presents information on Alberta’s chemicals and petroleum refining (CPR) sector, which accounted for 39 per cent of total manufacturing revenues in Alberta in 2015. This sector’s revenues rose strongly between 2005 and 2014, but are sharply lower in 2015 and 2016 as lower crude oil input prices get reflected in lower prices for refined petroleum products.

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Which sector is Alberta’s largest manufacturing sector?

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Using the three commonly accepted yardsticks for ranking an economy’s sectors we will examine which is Alberta’s largest manufacturing sector. There is no easy answer to the above question as all... More ≫

Description

Using the three commonly accepted yardsticks for ranking an economy’s sectors we will examine which is Alberta’s largest manufacturing sector. There is no easy answer to the above question as all three yardsticks rank different sectors on top. Using revenues Alberta’s refineries sector ranks well ahead of the other sectors. If the sectors are ranked using employment as the yardstick, fabricated metals ranks first. Finally, on a GDP basis machinery is the top ranked manufacturing sector in Alberta.

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