Indigenous Participation in Labour Market Could Boost Alberta's GDP by Up to $11 Billion Annually

A new report highlights the economic potential of increased Indigenous involvement, while noting persistent disparities in income and education.

The report by ATB Financial and MNP estimates that Indigenous contributions to Alberta's GDP in 2023 were $9.2 billion, or about 3% of the total GDP.
Increasing Indigenous participation in the labour market could boost Alberta's GDP by 2-3 percentage points, equating to $8 billion to $11 billion annually.
Contributions from Indigenous communities have grown by 12-15% since 2019, demonstrating significant economic impact.
Despite growth, disparities in income and educational attainment between Indigenous and non-Indigenous Albertans continue to exist.
The report calls for collaborative efforts among businesses, governments, and communities to advance Indigenous economic reconciliation and maximize economic potential.