Economic Snapshot

This growth trend is anticipated to continue with an annual average of 3.2% for the forecast period of 2011 to 2014, leaving Regina as one of the healthiest North American metro regions. 

This growth will continue to be supported by Regina’s manufacturing, transportation and communication, wholesale and retail trade sectors.

The following chart illustrates the growth of the GDP over the past few years and into the near future.  Major projects that will contribute to this growth include the Harbour Landing and Grasslands residential developments along with numerous commercial and industrial construction projects, the establishment of Saskatchewan’s first Lowes store, new hotels, Loblaw Companies’ distribution centre, expansion of the
Co-op Refinery, numerous infrastructure projects to upgrade and improve city services, new schools, new health centres, and continually evolving government services.

Regina – GDP & Credit Rating

2009

2010

2011 - 2014

2005 - 2014

-3.0%

3.50%

3.2%

2.5%

#9

#7

#6

#6

Credit Quality: AA+ (City of Regina S&P)

Source: Conference Board of Canada, Metropolitan Outlook Autumn 2010