Saskatchewan's economy is soaring says Enterprise Saskatchewan as they released a wide range of economic indicators charting the province's growth over the past three years versus the previous three years. Providing economic updates and analysis is a key part of Enterprise Saskatchewan's mandate.
"As we map our economic progress, it is important to look at how far we have come and the conclusion is clear: Saskatchewan's economy is soaring above all expectations," Enterprise Minister Jeremy Harrison comments. "There is no doubt that we have been fortunate while the global economy has faced tremendous uncertainty, but people in Saskatchewan know that it takes good choices and hard work to keep our economy moving forward."
Enterprise Saskatchewan calculated the province's long-term economic growth from 2008 through 2010 in comparison to the years 2005 through 2007 in the following categories:
Private sector investment in Saskatchewan increased by 46.8 per cent.
Building permits issued have increased by 66.7 per cent and urban housing starts are up 14.5 per cent.
New motor vehicle sales have increased by 13.8 per cent.
Retail sales have increased 24.9 per cent.
New incorporations have increased by 30.8 per cent while business bankruptcies have decreased by 53.8 per cent.
Average employment has increased by 5.1 per cent.
Real GDP growth has risen by 5.4 per cent.
