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ACCOUNTING > CONSULTING > TAX
ACCOUNTING > CONSULTING > TAX
OPENING THE DOOR TO OPPORTUNITY II
As part of our commitment to advancing economic reconciliation, ATB and MNP have partnered to update the 2021 Opening the Door to Opportunity study to identify progress. This report builds on the work completed in 2021 and provides a comprehensive analysis of how opportunities for entrepreneurship and greater labour market participation are key to closing the gap, as well as the challenges and barriers faced by Indigenous Peoples with respect to these opportunities.
Reporting on the economic Contribution of Indigenous Peoples in Alberta
The total economic contributions of Indigenous governments, businesses and households to the Alberta economy in 2023 were estimated to be:
- $16.76 billion in total output.
- $9.17 billion in total GDP.
- $4.62 billion in total labour income.
- 81,600 FTEs of total employment.
- $2.04 billion in total tax revenue.
Income Growth:
Indigenous household contributions have increased by approximately 4%, suggesting progress.
While some narrowing is observed, disparities in income and educational attainment persist.
Income Gap:
Employment Challenges:
Indigenous workers are overrepresented in lower-paying roles and underrepresented in management and professional positions.
Elevating Opportunities:
Closing income gaps requires facilitating transitions into higher-skill, higher-paying roles and fostering entrepreneurship.
ECONOMIC CONTRIBUTION OF INDIGENOUS OWNED BUSINESSES
Over 80,000 FTEs of total employment supported through spending by Indigenous households, Indigenous governments and Indigenous-owned businesses.
The Indigenous economy in Alberta was estimated to have generated a total GDP of approximately $9.2 billion in 2023, which is equivalent to approximately 3 per cent of Alberta’s total GDP in 2023.
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Calgary, AB
T2P 0L4
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HEAD OFFICE
There are some signs that the gap is narrowing; however, the journey to full participation has only just begun. Our research finds that achieving full economic participation for Indigenous Peoples requires more than just increasing the participation of Indigenous individuals in the labour market. Indigenous individuals need to move into higher-skill, higher-paid occupations, and rates of entrepreneurship need to increase.
HOW BIG WAS THE INDIGENOUS ECONOMY IN ALBERTA IN 2023?
TOTAL ECONOMIC CONTRIBUTIONS
KEY FINDINGS:
2021 VS.2024 REPORT
KEY OPPORTUNITIES:
Investment in Education:
Addressing educational disparities is crucial for enabling Indigenous individuals to access better job opportunities.
Supporting Entrepreneurship:
Overcoming barriers to entrepreneurship demands investment in capital, networks, and capacity-building initiatives.
