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VeilPointOEX

Community GDP

Economy · Prince Albert

Duck Lake No. 463

Rural municipality · confidence Tier C · 2022 benchmark
Central estimate$43MIncome/production blend · 2022
Range$10M–$64MIncome measure ↔ production measure
Per capita$42,241Higher than 2 of 90 communities publishing an estimate
Confidence tierCPublic-source estimate

Confidence Tier C · Public-source estimate

publication class B

A point estimate is supported by official public benchmarks and observable local activity, but has not been validated by the municipality. Confidence and publication class are separate: publication class controls which fields may be shown, while confidence describes the strength and local validation of the evidence behind them.

  • Official geographic identityavailable

    2021 SGC census-subdivision code 4715061.

  • Census population and dwellingsavailable

    Published 2021 population and occupied-dwelling values are available.

  • Employer-business activityavailable

    Canadian Business Counts activity is observable for this community.

  • Resident-income measureavailable

    Published Census household income supports the income side of the modeled range.

  • Audited municipal fiscal contextmissing

    No reviewed municipal financial-statement context is registered yet.

  • Model-relevant municipal administrative datamissing

    Current business licensing, non-residential assessment, permitting, facilities or equivalent governed local inputs are required for Tier B.

  • Direct municipal validationmissing

    Municipal review, reconciliation, an organizational data steward and an agreed refresh cycle are required for Tier A.

Path to Tier A

  1. 1.Register current municipality-provided business, assessment, permitting, facility or equivalent administrative evidence under approved terms.
  2. 2.Use at least one model-relevant local source and corroborate it with a second independent local evidence domain.
  3. 3.Reconcile material differences against the public-source estimate and retain the review record.
  4. 4.Complete direct municipal review and establish an organizational data steward and refresh cycle.

Tier A remains a modeled estimate unless a municipality separately publishes it as an official statistic; partnership validation does not change that claim boundary.

Neighbours in Prince Albert

5

How to read this economy

13

The measures on this page are the ones used to size up a regional economy: how much it produces, who is operating in it, whether the municipality has room to act, and how far any of it can be relied on. Each entry states what the figure counts, the question it answers, and what it must not be read as.

Economic output

Allocated GDP
The share of Saskatchewan’s official provincial GDP allocated to this community, blending an income-side and a production-side measure.
Answers: Roughly how much economic activity this place accounts for.
Does not tell you: It is a modelled allocation reconciled to provincial accounts, not a measured local economic account. Statistics Canada does not publish GDP at this geography, and no one else does either.
Income-to-production range
The gap between what residents earn and what business locations here produce.
Answers: Whether this is a place people work in or a place people live in. A production measure well above the income measure indicates a community that employs beyond its resident base; the reverse indicates a commuter or retirement base.
Does not tell you: Which specific employers or sectors drive the gap.
GDP per resident
Allocated GDP divided by census population.
Answers: Output intensity, so communities of different sizes can be compared.
Does not tell you: Household income or prosperity. Output accrues to owners, workers and governments in proportions this figure does not describe.
Sector allocation
How the allocated GDP splits across NAICS sectors, with the weight source shown for each.
Answers: Which industries the local economy actually rests on.
Does not tell you: Local sector performance. Each sector is allocated from a provincial total by a measured weight, so it reflects the community’s share of provincial activity rather than how that industry is faring here.

Business base

Businesses with employees
A direct Statistics Canada count of business locations with at least one employee.
Answers: How many real employers exist to sell to, supply, partner with or acquire.
Does not tell you: Which businesses. This is an aggregate count, not a directory, and it excludes the self-employed without payroll.
Businesses per 1,000 residents
Employer businesses against resident population.
Answers: Whether the community carries more or fewer employers than its population would suggest — an indicator of whether it serves a wider trading area or is served from elsewhere.
Does not tell you: Business size, revenue or health. A count treats every employer alike.
Industry concentration (HHI)
How evenly employer businesses spread across industries, from near 0 (highly diversified) to 1 (a single industry).
Answers: Concentration risk. A high figure means a downturn in one industry reaches most of the local economy at once.
Does not tell you: Which way the risk points. Concentration in a growing industry and concentration in a declining one look identical here.
Unclassified share
The proportion of employer businesses reported outside a classified industry.
Answers: How much of the industry picture is genuinely unknown.
Does not tell you: What those businesses do. A large share means the sector breakdown beside it describes less of the community than it appears to.

Municipal finances

Municipal revenue and expenses
Audited consolidated totals from the City’s own financial statements.
Answers: The scale of the municipality as an organisation, and whether it operates in surplus.
Does not tell you: The size of the local economy. Municipal operations are a small fraction of it, and these figures are never used as an input to the GDP model.
Long-term debt and net debt
Debt outstanding and net financial position at year end.
Answers: Room to act. A municipality carrying heavy debt against its revenue has less capacity to fund servicing, land or infrastructure for a new development.
Does not tell you: Whether the borrowing was prudent. Debt raised against revenue-generating assets and debt raised to cover operations look the same in a total.
Audit opinion
What the municipality’s external auditor concluded about its statements.
Answers: How much weight the fiscal figures beside it can carry.
Does not tell you: Financial distress. A qualified opinion flags a scope or measurement issue the auditor could not resolve, which is not the same as a finding of poor financial health.

Labour and demand

Advertised labour demand
Job postings and vacancies recorded against this community.
Answers: Whether employers are actively hiring, and in which occupations.
Does not tell you: Total labour demand. Only advertised roles appear, and in smaller communities a great deal of hiring never reaches a job board.

Evidence quality

Community evidence tier
How mature the evidence base is for this community, from a public-source estimate through to partner-validated.
Answers: How far these figures can be relied on for a decision with money behind it.
Does not tell you: The quality of any individual figure. A census population is a direct observation even inside a community whose overall tier is an estimate — the two scales are separate.
Duck Lake No. 463 — community GDP | VeilPoint OEX