Business Benefits

Lloydminster reaps the benefits of a growing trade area in excess of 150,000 people. Of this population, 68.4% are from Alberta and 31.6% are from Saskatchewan. In comparison with the 1995 trade area of 83,172 people, the trade area in 2000 had increased approximately 40%. With a population of approximately 27,000, the city is expected to grow to over 30,000 by the year 2011. This population is young, energetic, well educated and trained, ensuring continued success for Lloydminster and area.

The two major industries of the region, oil and agriculture, are complemented by a strong retail sector creating a wealth of opportunity in the area. There are several economic development organizations and business development services available in the Lloydminster region that are dedicated to economic development, entrepreneurial opportunities, and providing business with the service and support they require. Please see our Business & Community Links section for more information.

Comparison of Economic Indicators

Community	2001 Population	2006 Population	% Change	Dwellings 2005
Lloydminster AB/SK	20,988	23,646	12.6	8,853
Saskatoon, SK	230,998	236,797	2.5	96,745
Camrose, AB	15,233	16,346	7.3	6,857
Grande Prairie, AB	38,972	44,171	13.3	16,504
Calgary, AB	975,733	1,084,040	11.1	416,742
The Battlefords, SK	17,908	17,378	-3.0	7,097
Edmonton, AB	961,943	1,030,434	7.2	405,229

Source: FP Markets Canadian Demographics 2006

Provincial Economic Indicators

Province	GDP For 2005 ($ million)	Consumer Price Index1 (1992=100)	Retail Trade2 ($ million)	Manufacturing Shipments3 ($ million)	Residential Construction
Province	GDP For 2005 ($ million)	Consumer Price Index1 (1992=100)	Retail Trade2 ($ million)	Manufacturing Shipments3 ($ million)	Building Permits4 ($ million)	Housing Starts5 (thousands of units)
Alberta	215,858	137.0	4,453,574	5,343.6	1,191.8	44.9
Saskatchewan	42,490	133.8	935,695	894.5	78.8	3.4
Manitoba	41,933	132.4	1,046,775	1,078.7	103.0	5.6
British Columbia	168,011	126.3	4,327.4	3,705.6	1,023.8	40.6

Source: Statistics Canada, 2005

1.Consumer Price Index is valued for the period of March 2006

2.Retail Trade Demand is for the period of February 2006

3.Manufacturing is for the period of February 2006

4. Building Permits are for the period of March 2006

5.Housing Starts are for April 2006