The headquarters of Fundy National Park is in Alma West, making tourism a major part of the local economy.

18 years earlier, the federal government had expropriated land in the village and parish west of the Upper Salmon River for the creation of Fundy National Park.

In addition to tourism related to the park, lobster and scallop fishing are an important industry based out of Alma's tidal harbour.

[citation needed] On 1 January 2023, Alma was amalgamated with the villages of Hillsborough and Riverside-Albert and parts of nine local service districts[3] to form the municipal area called Fundy Albert.

Alma has a relatively cool, wet and snowy maritime climate with significant seasonal differences in spite of its near-ocean location.