The Saskatoon Region is reinforcing its position as Saskatchewan’s economic powerhouse, contributing significantly to the province’s growth and prosperity.
In analyzing annual data, indicators are showing the Region’s impressive contributions:
- 32.6% of Saskatchewan’s GDP, amounting to $25.6 billion, is generated by the Saskatoon Region, despite it comprising only 30.2% of the provincial population.
- The Region is responsible for 31.5% of provincial exports, emphasizing its crucial role in trade and economic activity.
- 26.1% of the province’s businesses are located within the Region, reflecting a diverse and competitive business landscape.
- The Saskatoon Region boasts an employment growth rate of 4.6%, surpassing the provincial average of 3.3%, showcasing a thriving job market.
- The Region leads with 69.5% of residential and 59.8% of non-residential construction investments in the province, indicating robust growth in the housing market and infrastructure development.
“When we look at these set of indicators it points to the potential and growth of our Region to continue to be the driver of future economic growth for the province. Not only are we an economic engine for Saskatchewan, we also boast a high quality of life and low cost of living, illustrating the attractiveness of our location for investment, business and talent,” said Erin Lawson, CEO, SREDA.
With this momentum, the Saskatoon Region is paving the way for continued economic success, encouraging businesses and investors to explore the unmatched opportunities within the Region.