Economic Data for British Columbia

Gross Domestic Product (GDP)

Real GDP (a measure of economic growth) has grown since 2013, rising from $198 billion Canadian dollars in 2013 to $228 billion Canadian dollars by 2017.

 

Jobs

From 2016 to 2017 the Private sector has added 87,300 jobs. Since 2010 it has added 243,800 jobs and 536,000 since 2000, showing significant growth. Average hourly wages have grown since 2001, rising from $16.59/hr to $24.38/hr in 2017.

From 2016 to 2017 the Manufacturing sector has added 4,100 jobs. Since 2010 it has added 19,600 jobs but has lost 28,300 total jobs since 2000, showing an overall decline in the sector but a recent slow recovery. Average hourly wages have grown since 2001, rising from $18.14/hr to $26.61/hr in 2017.

From 2016 to 2017, Transportation and Warehousing employment grew by 1,500 jobs. From 2010-2017 it gained 21,700. From 2000 to 2017 the sector has added 21,300 positions, showing general growth in this sector. Average hourly wages have grown since 2001, rising from $18.89/hr to $27.65/hr in 2017.

 

Unemployment

The unemployment rate was 4.8% in May 2018, 0.1% less than in 2017.

 

Housing

The Consumer Price Index (a measure of cost of living) has consistently increased since 2013, going from 118 to 125 from 2013-2017, below the national average of 130. The Consumer Price Index for Housing is similarly low (going from 113 to 119 from 2013-2017) and below the national average of 136.