Alberta tidbits from OECD stats
After hearing about the interactive OECD regional stats tool I headed over to check it out. If you are at all interested in statistics, economics, demographics or otherwise it’s well worth a visit if you have the time - it’s the kind of tool I’d love to have built. I certainly hope they extend their chartable data sets to include the kind of data the CIA Factbook has.
I ran a few comparisons and picked these bits out. Some of them are interesting nuggets, while others are likely to be seen as obvious.
Alberta and Canada:
- Alberta has the second highest labour force participation rate in Canada, behind only PEI
- Alberta has the second highest female participation rate, which may strike as odd those that view Alberta as socially conservative
- Canada consistently beats the US in post-secondary education rates, but this doesn’t translate clearly into higher per capita income shown as the provinces are significantly out of trend with the rest of North America
- Alberta has the 5th highest percentage of working age population (15-65), third largest economy, highest rate of GDP growth, and 2nd highest GDP per head in Canada
- Alberta would rank 5th in Europe in terms of per capita GDP, and 4th in terms of post-secondary education
General Observations:
- Female participation rate has a slight but low correlation to per capita GDP in North America
- Washington DC has the highest per capita GDP in North America by a factor of more than 2 to 1 over its nearest rival. This is certainly odd when you consider that it’s a government district that doesn’t really produce anything.
- There is a significant correlation between working age population (15-64) and GDP per capita in North America
- The data suggests a noticeable correlation between high employment and high GDP growth, with Newfoundland being a significant outlier
- Participation rate and post-secondary education correlate positively with GDP growth rate and GDP per capita
- There’s a positive relationship between higher levels of retirees (65+) and rates of post-secondary education, with Alberta noticeably out of trend
- There is a strong correlation between rates of high school education and per capita GDP in North America
Slight odd, GDP per capita and unemployment rate has a positive correlation, I suspect due to increased leverage of physical capital and/or a higher willingness to work given the benefits, but I’d have to do some digging to properly verify.
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