"Distribution of gross domestic product of British Columbia, Canada in 2019, by industry." facts. B.C. Economic development is a vital City service that helps enhance our community today, and for future generations. �+,~DJ �H�B���`+�$c���D*5�e�Adk 270 0 obj <>stream New, Figures and insights about the advertising and media world, Industry Outlook The Sharing Economy: Insights from Vancouver Businesses during COVID-19 . Gross Domestic Product Gross Domestic Product (GDP) is a measure of the economic production which takes place within the geographical boundaries of a province or country. "e�.d��^�t#ԈT�e�j��l{��n0[ !fs#D��.a�F�,�Y�$�,����@R���0�H�E*j�!��$yF�{�9��\��H ������ �j`��#�����t � �(� Product by Industry in 2017, Q4 (billions of 2007 dollars). This same forecast predicts that Vancouver’s GDP will rebound in 2021 by 6.8 percent to $153 billion, regaining the losses seen in 2020. Distribution of gross domestic product of British Columbia, Canada in 2019, by industry. Directly accessible data for 170 industries from 50 countries Vancouver has seen the job market increase by 0.9% over the last year. Over the past eight years, the industry has invested $22.7 billion into the BC economy, with $12.5 billion of this as wages paid to BC residents. 2 International Monetary Fund, World Economic Outlook, January 2016 Source: The 2012 British Columbia Economic Accounts, BC Stats. Register in seconds and access exclusive features. New custom data from the Conference Board of Canada forecasts that Vancouver’s GDP will decline six percent in 2020 to $143 billion (contrasting sharply with a 2.8 percent increase in 2019). This represents 3.0% growth over 2017 and 42.1% growth since 2008. The Vancouver Economic Commission (VEC) and Simon Fraser University’s Beedie School of Business (SFU Beedie) today launched the Economic Transformation Lab (ETL), a platform for collaboration between industry and academia that researches the seismic trends anticipated to impact Vancouver’s economy in the coming decades. =�2]�� �!ޠc�:D�A�#ڻ�eI��$�yGM92��ɂ�����HB�oH�J1��c��¨�)۪�q?�бܺ 's biggest companies by industry. View all tables (XLSX, 1MB) B.C. Gross Domestic . The region’s economy is anchored by the activities of major institutions (e.g. It is bordered by Yukon to the north, Alberta to the east, the United States to the south and the Pacific Ocean and the Alaska Panhandle to the west. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%. 8. ��s���N�u��b��٬~٬��fq�5k�Y�V�1��:��bU����R�����k1]����?V�Y1�S&�&���5��U�I>8e���~�����. h�L��KB�ק�ޓ|fE>{�f!NE�C�IPD[C�QC����� �h)j"�! The US average is 3.7%. Fortunately, 2020 is looking a little brighter thanks to an upswing in non-residential construction.” In Metro Vancouver, GDP growth will … ", StatCan, Distribution of gross domestic product of British Columbia, Canada in 2019, by industry Statista, https://www.statista.com/statistics/608359/gdp-distribution-of-british-columbia-canada-by-industry/ (last visited March 12, 2021), Distribution of gross domestic product of British Columbia, Canada in 2019, by industry, Population estimates for British Columbia, Canada 2000-2020, Population of British Columbia, by educational attainment 2020, Number of births in British Columbia, Canada 2001-2020, Net interprovincial migrants British Columbia 2001-2020, Number of recent immigrants in British Columbia 2001-2020, GDP of British Columbia, Canada by industry 2019, GDP distribution of British Columbia, Canada by industry 2019, Average annual household expenditures in British Columbia, Canada 2017, Canadian business counts without employees, by province or territory 2020, British Columbia business counts with employees, by NAICS category 2020, Canada: labor productivity British Columbia 2000-2019, Number of employed people in British Columbia, Canada by industry 2020, Employment in British Columbia, by level of employment 2000-2020, Unemployment rate British Columbia, Canada 2000-2020, Number of jobs in British Columbia, by NAICS category 2019, Median total family income British Columbia 2000-2018, Median employment income of tax filers in British Columbia 2000-2018, Weekly earnings of employees British Columbia 2001-2019, Labor participation rate British Columbia 2000-2018, Provincial government revenue and expenditure of British Columbia 2007-2019, Assets and liabilities British Columbia provincial government 2007-2019, Revenues of the British Columbia provincial government, by source 2019, Expenses of the British Columbia provincial government, by source 2019, Assets of the British Columbia government, by type 2019, Liabilities of the British Columbia government, by type 2019, Distribution of tenants in Jababeka Industrial Estate Indonesia 2017 by sector, Volume of food waste produced in Denmark 2016, by sector, Most reputable industries in the United Kingdom (UK) 2016, Mainland China investment in Taiwan 2019, by sector, Most reputable industries in Ireland 2020, Global hourly server downtime cost 2017, by vertical industry, Average number of employees in the Faroe Islands 2017, by industry, Number of businesses operating the secondary sector in Japan 2016, by industry, Annual salary of private enterprise employees in urban China 2018, by industry, Deals breakdown for 'City' law firms in the United Kingdom 2018, by industry, Most reputable industries in Switzerland 2019, Projected GDP contribution of B.C. Then you can access your favorite statistics via the star in the header. Jobs by Sector context measure Metro 2040 supports a diverse economy through compact land use development patterns. As an example, tourism, Forestry, and manufacturing industries are found in all regions, while the high tech industry is concentrated in the Capital region and to a lesser extent in Nanaimo. Chart. Distribution of gross domestic product of British Columbia, Canada in 2019, by industry [Graph]. Its core services are drinking water, wastewater treatment and solid waste management. (June 1, 2020). Accessed March 12, 2021. https://www.statista.com/statistics/608359/gdp-distribution-of-british-columbia-canada-by-industry/, StatCan. Read Post . Data Released November 2020. 1. 151 0 obj <> endobj The Vancouver Economic Commission & SFU Beedie launch new industry-academia research lab . Over the past five years (2010–14), the metro region’s annual average real GDP per capita growth was 1.9 per You only have access to basic statistics. Graph and download economic data for Total Gross Domestic Product for Portland-Vancouver-Hillsboro, OR-WA (MSA) (NGMP38900) from 2001 to 2019 about Portland, OR, WA, industry, GDP… Financial Services. Jun 24, 2019. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook economy downshifted to its slowest expansion since the 2009 recession. '���f���[�c�7#� ��8� Further information on British Columbia’s economic performance will be available in November 2019, when Statistics Canada "Distribution of Gross Domestic Product of British Columbia, Canada in 2019, by Industry. Economic Accounts. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. February 18, 2021 Vancouver signals esports ambitions with new regional strategy . But unlike Alberta, where the health of the oil and gas industry to a large extent dictates the state of the entire economy, no one industry is a dominant economic engine in B.C. Our goal is to improve our community's livability and prosperity. Most of the produce farming communities are located outside of the city in outlying areas including Surrey, Richmond and Delta. British Columbia. For example, Canada’s GDP includes goods and services produced by Canadian and foreign-owned corporations inside Canada, but it does not include goods and services produced by Canadian corporations outside Canada. Canada: Gross Domestic Product (GDP) by industry 2017 Inter-annual variation of gross domestic product (GDP) in Spain 2008-2019 Breakdown of U.S. GDP, by state 2019 Gross Domestic Product (GDP) Forecast Definitions. Gross Domestic Product at Basic Prices. 0 Power to Change Ministries. When secondary energy services are added into the equation, the total contribution to GDP is still only 11%. When it comes to economic activity that supports a good standard of living, there are lots of other factors worth talking about, including job creation, revenue flowing to governments, exports and the indirect economic impacts of different kinds of spending. (billed annually). X�'X|H�B�� Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Canada - population projection by province 2020-2043, Number of deaths in British Columbia, Canada 2001-2020, Population of British Columbia by age and sex 2020, GDP of British Columbia, Canada 2000-2019. 2 Provincial and national real GDP by industry estimates are based on Statistics Canada’s preliminary industry accounts, released in May 2019. Peter Mitham. Oil, gas and support services make up just 3% of our GDP, compared to 15% for manufacturing and construction and over 23% for financial and real estate services. Insurance Corp. of British Columbia ... Paul's Hospital Foundation of Vancouver. The impressive port handles up to $200 million in cargo on a daily basis and provides over 60 000 jobs. A thriving, diverse economy with opportunity for everyone is the foundation of a liveable city. Are you interested in testing our corporate solutions? Economy in Vancouver, Washington. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Council has undertaken a number of initiatives to promote and strengthen local business, provide the tools for Vancouver's businesses to flourish while incorporating sustainable practices, and make the city an attractive destination for businesses around the world. Please authenticate by going to "My account" → "Administration". Share Tweet Share Pin. Gross Domestic Product (GDP) is a measure of the value added to the economy by current production and is one of the components of the B.C. Then you will be able to mark statistics as favourites and use personal statistics alerts. Growth is expected to slow to 2.1 percent in 2018 and 2019, but still leading most other provinces. The contribution of each of these sectors varies by region. endstream endobj 152 0 obj <>/Metadata 12 0 R/Pages 149 0 R/StructTreeRoot 25 0 R/Type/Catalog/ViewerPreferences<>>> endobj 153 0 obj <> endobj 154 0 obj <>stream %PDF-1.6 %���� Rotterdam, San Francisco, Seattle, Seoul, Shanghai, Singapore, Sydney, Toronto and Greater Vancouver Economic Scorecard Competitiveness Benchmarking 20 metro regions across 38 indicators: 22 economic + 16 social Overall Calgary 2nd Social Calgary 1st or “A” Economy Calgary 8th or “B” Industry Productivity Viewer » Comparing Pay Measures » Economy at a Glance SHARE ON: PRINT: Western Office ... Portland-Vancouver-Hillsboro, OR-WA; Data Series Back Data July 2020 Aug 2020 Sept 2020 Oct 2020 Nov 2020 Dec 2020; Labor Force Data. Top 100 2019: B.C. GDP of Metro Vancouver. British Columbia is the third largest Canadian province by population and fourth largest provincial economy. BC had the second-fastest growing provincial economy in 2017 (+3.7%), sustained by strong real estate, finance, and media sectors in Vancouver. Like other provinces in the Canadian federation, B.C. In the centre of Vancouver, there are many forestry and mining companies that cater to the international market. This feature is limited to our corporate solutions. Economic Accounts Data for 1981-2019. Learn more about how Statista can support your business. What happened: The Business Council of British Columbia (BCBC) is projecting the provincial economy will contract by at least 7% this year as COVID-19 pushes the world into a recession. GDP isn’t everything While GDP is a useful measure, it’s not the whole story. !%pZ"���>�.ց{Ͻ���Q&c ��!�NXˬp{}Gm�L/��B�mN¦�C����#Eco\yF��R��l.ȆT�ŪY){75KVĺ�'��v�-�rē9��2���G2��yH�� The Business Council of B.C. endstream endobj startxref The Metro Vancouver region had a total GDP of $135.6 billion in 2017. Metro Vancouver also regulates air quality, plans for urban growth, manages a regional parks system and provides affordable housing. New, Everything you need to know about the industry development, Find studies from all around the internet. Statista. Greater Vancouver’s real GDP per capita growth has outpaced the national average since 2005. Profit from additional features by authenticating your Admin account. h��Xmo"9�+��Q��K�UZ���$ao�Ʉ�f�P��= �@#��N��=eӄ� �D�� Ѷ����rU�L0�T&��b�h�3.C����a���2/ Z~���Lf�3���F&u��@����V9��H<4��ǰ�Qڲ�a�Ҏe��g:� L;%�`F��80�+��k<6 ���ev !�XtH��!5�G's`�+0CK�i��=�{3A��6�T��%fH��-�B�C��ǴY��'�==������+w��^��a>�Ɠ��W��n5j^`��~���W��8�%�g����N�2)���0���jZ-�bT�` �A����A]�D���(}��Z���%�I��F� ����d�ԗт����R?�VK"���hP�C�$�)�7+��Njz91,�e=)WX����$�ߑ��I�o�����v�3@̦u{��ٺ���(A5�A3p���z � Key industries include Tourism, Agriculture, Aquaculture, Forestry, Manufacturing, High Tech, and Education. consists of both private and public institutions.However, as Canada's westernmost province, located between the Pacific Ocean and the Rocky Mountains, B.C. It can be measured at basic prices (by industry) or at market prices in chained 2012 dollars. In, StatCan. There are seven economic regions within the province, as shown in the table below: Vancouver Island Economic Alliance ... BC GDP By Industry, TD Economics, Provincial Economics Forecast (July 6, 2016), RBC Economics, Provincial Outlook (June 2016) 1 Bank of Canada, Monetary Policy Report, July 2016. Receipted donations by fiscal year ($000) 2018: 26,217 2017: 16,582. The largest contributor was the finance, insurance and real estate (FIRE) sector, with $41 billion in economic output or 31% of the region’s GDP (See Figure 1). Now, millions of visitors from all over the world flock to the city each year to enjoy its vibrant culture and natural beauty. The forestry industry is understandably rather large, with 62% of … BC has diverse strengths in natural resources, manufacturing, and service industries, making it resilient to economic downturns. BC announces $5B economic action plan to support people and businesses; Many of those still employed in these sectors have seen their hours cut. Please create an employee account to be able to mark statistics as favorites. Tourism, the world's fastest growing industry, has become a major force in the economy since Vancouver hosted the World Expo in 1986. Please do not hesitate to contact me. StatCan. GDP at Basic Prices by Industry - Vancouver: GDP at Basic Prices by Industry - All Industries : Millions $ 2002: GDP at Basic Prices by Industry - Goods Producing Industries : Millions $ 2002: GDP at Basic Prices by Industry - Manufacturing : Millions $ 2002: GDP at Basic Prices by Industry - … Vancouver hosts one of the largest centres of business, as well as the largest port in Canada. GDP for the provincial economy as a whole grew 2.7% over 2017. (Vancouver Economic Commission) The compilation of data tracks the exponential growth of the industry over much of the past decade, with spending in BC more than tripled from $1.6 billion in 2012. %%EOF Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. 's gas developments by province 2015-2035, Annual change in home resales in British Columbia 2009-2013, M&A capacity changes for legal cannabis in the U.S. 2015-2017, by sector, Share of businesses making e-commerce purchases in the UK 2012-17, by industry sector, Legal cannabis industry investments in the U.S. 2017, by sector, Percentage of households that compost in British Columbia by type 2011, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, Professional, scientific and technical services, Mining, quarrying, and oil and gas extraction, Administrative and support, waste management and remediation services, Other services (except public administration), Agriculture, forestry, fishing and hunting. $39 per month* Corporate solution including all features. 229 0 obj <>/Filter/FlateDecode/ID[<328EC3E1DA3D0C46A07D1EA2E638DAA4><8D1AC89256F3EA4C9247DE142BE427F3>]/Index[151 120]/Info 150 0 R/Length 244/Prev 258861/Root 152 0 R/Size 271/Type/XRef/W[1 3 1]>>stream In 2018, Vancouver, WA had a population of 178k people with a median age of 36.7 and a median household income of $58,865. and over 1 Mio. As well, most of the employment contracts were experienced in Metro Vancouver. 1,323.5: 1,320.0: June 1, 2020. Read Post . Between 2017 and 2018 the population of Vancouver, WA grew from 171,393 to 178,413, a 4.1% increase and its median household income grew from $55,593 to … The province includes Vancouver Island and Haida Gwaii, as well as numerous other smaller islands. Vancouver Island’s economy is diverse. Credit: Alex Harvey-Wickens. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Gross Domestic Product (GDP): GDP is the total of all goods and services produced within the boundaries of a country. Civilian Labor Force . The program’s objective is to develop actionable goals, … h�bbd```b``�������X "�N��`�DrˁH�"0�>�L�\� `��L&`�? Metro Vancouver is a federation of 21 municipalities, one Electoral Area and one Treaty First Nation that collaboratively plans for and delivers regional-scale services. The tourism industry contributed $8.3 billion of value added to the BC economy, as measured through GDP (in 2012 constant dollars). Vancouver has an unemployment rate of 5.6%. agrees, writing, “Last year the B.C. Hours worked in BC dropped by 20% from both March 2019 and February 2020.
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