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BC Check-Up
2015
BC in 2014…
Real GDP growth
rose by 2.7%
• Positive job creation for
5th consecutive year
• Value of exports.
reached almo...
WORK
BC in 2014…
• BC gained 12,800 jobs to reach 2.28 million.
• Unemployment rate in BC declined to 6.1%.
• At 68.1%, BC...
INVEST
BC in 2014…
• Private sector non-residential building investment
fell to $3.92 billion, due to slowdown in industri...
LIVE
BC in 2014…
• Consumer debt per capita reached $58,621,
the highest level in Canada.
• Provincial government per capi...
Provincial Outlook
• BC to be national leader in 2015.
• Projected GDP growth rate ranges between
2.2% and 3.0%.
• Depreci...
www.bccheckup.com
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BC Check-Up 2015

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The BC Check-Up report looks at the overall economic performance of BC and compares it to that of Alberta, Ontario, and the national average. This year, the report takes an in-depth look at BC’s Aboriginal labour engagement progress.

www.bccheckup.com

Published in: Economy & Finance
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BC Check-Up 2015

  1. 1. BC Check-Up 2015
  2. 2. BC in 2014… Real GDP growth rose by 2.7% • Positive job creation for 5th consecutive year • Value of exports. reached almost $36 billion. • Population increased by 48,677 persons. • Government surplus for second consecutive year.
  3. 3. WORK BC in 2014… • BC gained 12,800 jobs to reach 2.28 million. • Unemployment rate in BC declined to 6.1%. • At 68.1%, BC had the highest level of labour force educational attainment in Western Canada. • Real compensation per worker grew by 2.1% to $52,321. • To catch Alberta, B.C.’s compensation/worker would have to increase by 44.1%.
  4. 4. INVEST BC in 2014… • Private sector non-residential building investment fell to $3.92 billion, due to slowdown in industrial building. • Share of employment in the sciences declined to 6.8%, after steady annual increases since 2009. • Government debt-to-GDP ratio increased to 17.0% in FY 2014/2015. • Value of exports per worker increased to $14,756, but still lags behind national average.
  5. 5. LIVE BC in 2014… • Consumer debt per capita reached $58,621, the highest level in Canada. • Provincial government per capita expenditure on health care was $3,774. • Long-term unemployment rate was 0.7%, below the national average. • Share of labour force between ages 19 and 24 with less than high school education fell to 5.2%.
  6. 6. Provincial Outlook • BC to be national leader in 2015. • Projected GDP growth rate ranges between 2.2% and 3.0%. • Depreciation of CAD will increase export activity. BC in 2015…
  7. 7. www.bccheckup.com

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