Table 14: Alberta Gross Domestic Product (GDP) for Agri-Food Industries in
Chained (2007) Dollars, 2007-2012
2007 2008 2009 2010 2011 2012
p
2010 2011 2012
p
All Alberta Industries…………………………………..249,871.0 254,149.7 242,456.2 252,884.1 266,388.7 276,908.2
4.3
5.3
3.9
Agri-Food Industries…………………………………………………………………….
5,780.2 6,404.1 5,811.9 6,339.2 6,594.4 6,601.4
9.1
4.0
0.1
Agriculture Industries……………………………………………… 3,099.6 3,753.3 3,140.9 3,634.8 3,749.9 3,697.0
15.7
3.2
-1.4
Crop and Animal Production………………………………………….
2,992.5 3,648.7 3,049.0 3,528.8 3,630.5 3,583.1
15.7
2.9
-1.3
Support Activities for Agriculture…………………………………………
107.1
104.6
91.9
106.0
119.4
113.9
15.3
12.6
-4.6
Manufacturing Industries………………………………………..
18,446.3 18,157.5 15,402.9 16,574.8 18,401.6 19,368.8
7.6
11.0
5.3
Food and Beverage Industries…………………………………………….
2,680.6 2,650.8 2,671.0 2,704.4 2,844.5 2,904.4
1.3
5.2
2.1
Food Industries……………………………………………..
2,204.1 2,219.2 2,251.6 2,282.0 2,345.8 2,406.3
1.4
2.8
2.6
Beverage Industries……………………………………………… 476.5
431.6
419.4
422.4
498.7
498.1
0.7
18.1
-0.1
Source: Statistics Canada, CANSIM Database Table Number 379-0030
Source: Statistics Canada, CANSIM Database Table Number 379-0030
(1)
The official measure of GDP published by Statistics Canada is expressed in Chained Fisher 2007 reference dollars. The Chained Fisher measure is an aggregation
formula that more accurately weights the contribution of each industry in the total economy (or an aggregate of sum set of elemental industries) according to more
current weights instead of weights from some fixed year in the past. To arrive at the Chained Fisher measure, a Chained index of change for each industry and for any
chosen aggregate of industries is first derived, individually; the aggregates are not a simple sum of the component industries. This index is then converted to a dollar
series by choosing a "reference year" (2007) for the dollar units. The dollar series is then built up by applying the index to the reference year dollar and thereby
presenting the changes expressed in the index into dollars.
So, while the Chained Fisher measure provides a much better valuation of each industry in the current year, this measure does not come without its own set of
drawbacks. One drawback is that time series expressed in Chained Fisher units cannot be added up. To obtain aggregates, summing of the components must be done
at a much earlier phase in the calculation. For example, the total for crop and animal production is calculated as one estimation, then the separate totals for crop
production and livestock production are estimated.
%
Change
At Basic Prices in Chained (2007) Dollars ($ Millions)
21.1
-16.3
15.7
3.2
-1.4
-1.1
0.8
1.3
5.2
2.1
-25
-20
-15
-10
-5
0
5
10
15
20
25
30
2008 2009 2010 2011 2012
2008 2009 2010 2011 2012
Per Cent Change
Fig. 8 Alberta GDP for Agri-Food Industries at Basic Prices in Chained (2007)
Dollars - Annual Per Cent Change, 2008-2012
Agriculture Food and Beverage Manufacturing
- 29 -
Alberta Agriculture Statistics Yearbook, 2012