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Prince Albert's primary industries are mining, forestry and agriculture. A pulp and paper mill is one of its major employers. A maximum-security penitentiary also exists to the west of the city.
The settlement was founded in 1886 and incorporated as the city of Prince Albert in 1904, named after Prince Albert Victor, son of the Prince of Wales (the future King Edward VII). Its government is of a council-mayor type.
Prince Albert National Park is located 50 km north of the city.
According to the 2001 Statistics Canada census:
| Population: | 34,291 (-1.4% from 1996) |
| Land area: | 65.76 km² |
| Population density: | 521.5 people/km² |
| Median age: | 33.5 (males: 31.9, females: 35.0) |
| Total private dwellings: | 13,763 |
| Median household income: | $39,862 |
| North: Prince Albert National Park | ||
| West: Shellbrook | Prince Albert | East: Melfort |
| South: Saskatoon |