Clearwater County is blessed with a very diverse economy. Agriculture, oil & gas, forestry and tourism are the major economic generators for the area. The Town of Rocky Mountain House and the Village of Caroline are the major service centres for the area, containing well developed health, school, cultural and recreational facilities.

Clearwater County is home to numerous national and world class companies in areas such as manufacturing, technology, oil & gas processing and construction. As a result, the workforce in the Clearwater County is well trained, highly educated and experienced. 

Clearwater County is serviced by an ever improving transportation system of Provincial and municipal roads. The regional airport is jointly operated by the Town of Rocky Mountain House and the County and offers a modern terminal building and a 5500 foot runway with a high pavement load rating allowing the landing of planes not normally accommodated at smaller municipal airports.