41401 - Economists and Economic Policy Researchers and Analysts
Broad Occupation Category
4 - Occupations in education, law, and social, community, and government services.
TEER
1 - Occupations usually require a university degree.
Major Group
41 - Professional occupations in law, education, social, community and government services.
Sub-major Group
414 - Professional occupations in government services.
Minor Group
4140 - Policy and program researchers, consultants and officers.
Main Duties
Economists and Economic Policy Researchers and Analysts perform some or all of the following duties:
- Conduct economic research and develop analytical and forecasting models
- Analyze production, consumption, and market trends
- Prepare forecasts for income, expenditures, interest rates, and exchange rates
- Advise government agencies and organizations on economic and fiscal policies
- Analyze labour market trends, wages, employment levels, and unemployment rates
- Apply statistical techniques and econometric models to interpret economic data
- Study financial systems, banking structures, and monetary policies
- Evaluate the impact of fiscal and monetary policy decisions
- Analyze corporate performance, productivity, and cost structures
- Examine international trade patterns and global economic trends
- Forecast resource supply and demand in energy and natural resource sectors
- Conduct market research and pricing analysis
- Monitor regional and national economic indicators
- Support regulatory, legal, and policy decision-making processes
Employment Requirements
These are the typical employment requirements and benefits associated with this occupation in Canada:
- Master’s degree in economics or a related discipline such as business administration, finance, or statistics is usually required.
- Doctoral degree (PhD) may be required for senior research, academic, or policy advisory roles.
- Strong quantitative, analytical, and econometric skills are essential.
- Proficiency in statistical software and data analysis tools is often required.
- Experience in economic modeling, forecasting, and policy analysis is highly valued.
- Knowledge of financial systems, trade policies, and regulatory frameworks is important.
- Excellent research, communication, and report-writing skills are required.
- Foreign-trained professionals may require credential assessment for immigration purposes.
Economists Salary Prospects
Community/Area
Low ($/hour)
Median ($/hour)
High ($/hour)
Community/AreaCanada
Low ($/hour)29.96
Median ($/hour)47.24
High ($/hour)71.79
Community/AreaAlberta
Low ($/hour)38.46
Median ($/hour)49.04
High ($/hour)72.82
Community/AreaBritish Columbia
Low ($/hour)24.62
Median ($/hour)48.90
High ($/hour)56.40
Community/AreaNew Brunswick
Low ($/hour)30.00
Median ($/hour)41.21
High ($/hour)58.97
Community/AreaNewfoundland and Labrador
Low ($/hour)30.48
Median ($/hour)44.04
High ($/hour)53.07
Community/AreaNova Scotia
Low ($/hour)30.00
Median ($/hour)41.21
High ($/hour)58.97
Community/AreaNunavut
Low ($/hour)46.93
Median ($/hour)56.39
High ($/hour)67.22
Community/AreaOntario
Low ($/hour)30.67
Median ($/hour)46.15
High ($/hour)72.12
Community/AreaQuebec
Low ($/hour)20.00
Median ($/hour)50.52
High ($/hour)82.69
Community/AreaYukon Territory
Low ($/hour)37.82
Median ($/hour)43.69
High ($/hour)53.73
