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Economy of Alberta
Alberta's economy is the sum of all economic activity in Alberta, Canada's fourth largest province by population. Although Alberta has a presence in many industries such as agriculture, forestry, education, tourism, finance, and manufacturing, the politics and culture of the province have been closely tied to the production of fossil energy since the 1940s. Alberta—with an estimated 1.4 billion cubic metres of unconventional oil resource in the bituminous oil sands—leads Canada as an oil producer. Revenue from oil and natural gas extraction has fueled a series of economic booms in the province's recent history, and economic spin-offs have included petrochemical and pipelines. In 1985 36.1% of Alberta's $66.8 billion GDP was from energy industries. In 2012, "the mining and oil and gas extraction industry made up 23.3% of Alberta's GDP." By 2013 Alberta's GDP was $331.9 billion with 24.6% in energy. The energy industry provided 7.7% of all jobs in Alberta in 2013. MORE
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