ECONOMIC GROWTH, 2007 TO 2012
Initial estimates by Statistics Canada have the Saskatchewan economy growing by a less-than-spectacular 1.9% in 2012. Over the five years from 2007 to 2012, however, growth has averaged 2.3% which is the highest among the provinces. Consumer spending and business investment have been the main drivers. The fastest growing industry group is construction.
Concerns that Saskatchewan consumers were spending more than they could afford are apparently misplaced. Interest payments are falling relative to disposable income and are the third lowest among the provinces.
From 2007 to 2013, the average price for an acre of Saskatchewan farmland more than doubled. The same pattern is evident in Manitoba and Alberta.
View Key Economic Indicators
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