employed fewer than five employees, and 60% were self-employed individuals with no paid help. British Columbians will have continued access to essential transportation as a result of a new grant to support inter-city bus service and medical evacuation needs through regional airports. British Columbia. The B.C. Forests, Lands, Natural Resource Operations and Rural Development, B.C. British Columbia’s booming technology sector and vibrant start-up ecosystem are significant contributors to a strong economy, providing good quality, middle-class jobs. The Province is extending its successful quarantine program for temporary foreign workers coming to B.C. Vancouver-based tour guide Gabriel Stratulat says his bookings have evaporated in the face of the COVID-19 pandemic. There were a total of 501,300 businesses in B.C. Influences driving BC’s economy include: 1. attracting major project investment throughout the provinc… British Columbia’s economy experienced solid growth in 2018, with its annual performance outpacing the Canadian average for a fifth consecutive year. Tourism is one of British Columbia’s leading economic sectors and is significant in every region of our province. While the sector has flourished over the last decade, it is important to ensure that companies can accelerate beyond the start-up stage and remain competitive in a digital world. government has extended the deadline for the Small and Medium Sized Business Recovery Grant program to ensure businesses have the time they need to apply. for seasonal agriculture work, to ensure the health and safety of the workers and the communities they will be travelling to. the tech sector, domestic and international travel, shipbuilding, public sector employment…all of the mainstays of the local economy are facing challenging and uncertain times. economy. An Industry for All B.C. Construction happens everywhere in the province, resulting in widely dispersed economic benefits. Click or tap to ask a general question about COVID-19. Learn about the province’s regions, population and ten-year employment outlook. can soon begin reserving campsites in provincial parks to help plan trips close to home. For each region you will find employment statistics, population data, 10 … residents, Cleanup nets tonnes of plastics, marine gear, polystyrene and more, Property tax grant program streamlined for quicker service, Funding supports businesses to launch online, Joint statement on B.C.’s COVID-19 response, latest updates, Applications open for French-language funding, Nominate an exceptional citizen for B.C.’s highest honour, State of emergency extended to continue B.C.’s COVID-19 response, Temporary layoff extensions protect thousands of jobs, WorkSafeBC guidelines support safe reopening of businesses, RNs begin prescribing addiction treatment medications, a Canadian first, Urgent and primary care centre coming soon to Penticton, New fund helps local governments deliver on housing priorities, COVID-19 ICBC customer rebates to average $190, Work experience grant’s third intake expands eligibility, Research project on period poverty released, Tourism industry bolstered through destination development, Fund helps forest sector with COVID-19 costs, Canada and British Columbia invest in innovative green infrastructure projects, Forest agreement to benefit First Nation, community, Contract awarded for new bridge in Highway 1 four-laning project, Gendered language changes reduce barriers, Joint Statement on International Women’s Day, Ensuring people in the music industry can keep rocking, Minister’s statement on interim supply bill, New fairness officer to build trust in ICBC processes, Food Hub Network expands to new B.C. Please do not enter personal information such as your name, contact information, or identity numbers. • the above total ocean sector impacts comprise 7-8% of the total BC economy • there are substantial opportunities for all private sector components of the BC ocean economy to grow. Access these industry profiles to see employment trends, earning potential and more. Overall, BC’s economic contraction will be less pronounced than some of the other provinces, which depend heavily on the oil sector. tourism industry. “British Columbia’s life sciences sector is a significant contributor to the economy … government. Each ministry is responsible for a specific area of public policy, government function or service delivery. Fifty-four new tourism projects throughout B.C. *Don't provide personal information . Annual BC Origin Exports [2] BC … Government is strengthening local election campaign financing rules to increase accountability and transparency for elections, ensuring people are at the centre of local politics. charging ahead with EV fleet supports, 2021 camping season reservations opening for B.C. Input-Output (I-O) Model is used to generate regional economic dependency figures, as well as employment and revenue multipliers. The Central 1 Credit Union’s latest forecast for the B.C. Derek Burleton, Deputy … Further, 83% of businesses in B.C. The national economy with the closest figure for the relevant year according to the International Monetary Fund is then indicated. The B.C. Hello, I am your COVID-19 Digital Assistant! Key industries include Tourism, Agriculture, Aquaculture, Forestry, Manufacturing, High Tech, and Education. Luckily, other organizations have produced estimates for these sectors that we can use to compare. The Government of British Columbia is acting to address the challenges facing Site C from COVID-19 and other factors to ensure the project is completed safely, providing British Columbians with clean, reliable and affordable electricity for the next 100 years. musicians are getting support to advance their careers, thanks to the Province’s music fund, Amplify BC. Rachna Singh, Parliamentary Secretary for Anti-Racism Initiatives, and Jennifer Whiteside, Minister of Education, have released the following statement to mark Black Shirt Day on Jan. 15, 2021: The Province is accepting applications from non-profit organizations for one-time funding for projects and initiatives that support British Columbia’s francophone community. BC Public Service employees who live in the Westshore and surrounding communities can now work closer to home at the new Westhills ShareSpace – a modern, spacious and flexible co-working office. ICBC customers will receive one-time rebates averaging $190 this spring – their part of $600 million that was saved due to a major decrease in crashes and costs as the COVID-19 pandemic took hold. B.C. The tourism industry makes a significant contribution to the B.C. 1.2: Application Development Environment Standards: This document describes the acceptable tools, environments, and methodologies for use by internal and external developers. The official start of the 2021 camping season is still a few months away, but people living in B.C. Potential Energy … Vancouver Island’s economy is diverse. including gross domestic product, consumer price index, housing starts and more. homeowners will apply for their homeowner grant through the Province, not their municipality, which will make applying for the grant quicker and easier. The B.C. British Columbia is expected to outperform Canada with strong, stable economic growth this year, Finance Minister Carole James said, following an annual meeting with the Economic Forecast Council. And these changes affect the number and type of jobs available. British Columbia’s seven economic development regions are diverse and have unique labour market conditions. Questions? For general COVID-19 information, type a question or click on a popular topic below. Listen to the Sector's latest audio clips on SoundCloud. The province is delivering relief to small- and medium-sized forestry businesses for the extra costs of keeping their employees and communities safe, while operating through the COVID-19 pandemic. Once-depressed areas such as the North Coast are about to benefit from the largest-ever private sector investment in Canada – the construction of the massive, $40-billion LNG Canada project. 's response to COVID-19 | Seniors 85+ and Indigenous peoples 65+ can call to get vaccinated. communities are providing on-site supports and reliable online access to programs at all 25 of the province’s public post-secondary institutions. Businesses in British Columbia’s agrifoods sector serve the global marketplace. So here’s the high-tech sector, as measured by BC’s statistical agency, BC Stats (source here) and tourism, as defined by the BC Crown corporation Destination BC ( source here ): As you can see, both high tech and tourism are big, important parts of the BC economy, responsible for billions of … Province helping industry power up with clean electricity, B.C. Explore the B.C. Comments will be sent to '[email protected]'. to be resilient, Victoria should not In total, the oil and gas sector (oil sands plus conventional oil and gas) contributes 4.2% of corporate GDP. Economic Accounts & Gross Domestic Product, Go to the B.C. The BC Food Hub Network is growing, creating opportunities for producers and food processors while connecting more British Columbians to local food. It identifies relevant roles, responsibilities, processes and deliverables. 140,000 jobs in B.C., with significant economic impact in every region of the province; 1 in 5 local jobs in three regions alone: Cariboo, Northeast and North Coast & Nechako; 5,315 Indigenous people, making up 9%, are directly employed in the B.C. Youth and young adults set to transition from government care will be able to stay in their living arrangements for up to one additional year as the Province extends COVID-19 emergency measures. forest industry; Check … The B.C. Government's extensive collection of datasets, applications and web services. Explore B.C. The BC Economic Atlas gives you a picture of what’s happening with B.C.’s economy. Premier John Horgan and Grace Lore, Parliamentary Secretary for Gender Equity, have issued the following statement for International Women’s Day: A new program supporting local governments to improve their development approvals process builds on the Province’s commitment to help people and communities get the homes they need built faster. Compared to financial services (25%) and manufacturing (13%) this number is unimpressive. moves to Phase 2 of COVID-19 immunization plan, protects seniors, Province keeps B.C. An Evolving Economy. The Nelson –Castlegar and Nelson Northshore corridor has a diverse collection of impressive manufacturing companies from craft breweries to lumber manufacturers, manufacturers of LED lighting systems and electronics, even handmade luxury hats, chocolate or coffee. BC has diverse strengths in natural resources, manufacturing, and service industries, making it resilient to economic downturns. BC had the second-fastest growing provincial economy in 2017 (+3.7%), sustained by strong real estate, finance, and media sectors in Vancouver. Selina Robinson, Minister of Finance, has released the following statement regarding the introduction of the interim supply bill to the legislative assembly: Government is taking steps to create a new fairness officer focused on ensuring ICBC’s decisions, actions and practices are transparent and fair, as the corporation transitions to Enhanced Care coverage on May 1, 2021. Starting in 2021, B.C. The B.C. Although BC Stats doesn’t gather data on the tax contributions of different sectors, StatsCan makes this information available on a national level. Economic Recovery Indicators dashboard, Read more about BCEA and GDP, and view the related data, Find more information about the Input-Output Model, View data on incorporations and bankruptcies, Find manufacturing sales (shipments) data by industry and manufacturing principal statistics, View data for building permits by type and statistics for housing starts and sales, View more economic statistics including household spending, B.C. regions. Legislative changes, if passed, will build on the Province’s work to give British Columbians more security by extending the rent freeze to Dec. 31, 2021. B.C.’s economy is constantly evolving. Scan historical and outlook data for B.C.’s 18 major industries. In 2018, tourism contributed more to GDP than any other primary resource industry (forestry & logging $1.8B, agriculture & fishing $3.2B, oil & gas $4.9B, and mining:$5.2B). How is B.C.’s economy changing? COVID-19 has had a devastating effect on the tourism sector and has altered British Columbia’s visitor economy. COVID-19 economic recovery plan boosts B.C. The BC Economic Atlas is a user friendly, publicly available web-based mapping application.It is a hub for business and investment information. New local learning centres in remote northwestern B.C. Pacific Insight is one of Nelson and area’s top employers. This digital assistant cannot advise you on your personal situation, and conversations are not monitored. Labour Market & Industry. The Province has protected jobs and workers impacted by COVID-19 with an online variance application that simplified the process to extend temporary layoffs, resulting in the approval of more than 500 variances that protect more than 9,100 jobs across a variety of economic sectors. And these changes directly affect the number and type of jobs available. Enter your email address if you would like a reply: The information on this form is collected under the authority of Sections 26(c) and 27(1)(c) of the Freedom of Information and Protection of Privacy Act to help us assess and respond to your enquiry. BRITISH COLUMBIA – Forestry has been a bright spot for BC’s economy during the pandemic after being hammered in 2019 when low prices, trade frictions and supply constraints resulted in mill curtailment and permanent closures in the province.. Further deterioration was expected with the onset of COVID-19 leading producers to further cut capacity, but pandemic economics surprised to … Similar to previous years, Statistics Canada published only real dollar GDP by industry at Economic Accounts (BCEA) and Gross Domestic Product (GDP) provide statistics that can be used to explain the state of the economy including size, value and relative growth of industries over time. 's economy. British Columbia. B.C.’s economy is constantly evolving. The CPI measures changes in the price level of consumer goods and services purchased by households, providing a measure of inflation. economy compared with other primary resource industries, including forestry, agriculture & fisheries, and mining and oil … Public Service is divided into ministries. See list of current Ministries government is investing $10 million in a new FireSmart Economic Recovery Fund, as part of its economic recovery plan to create jobs and help communities cope with the ongoing impacts of the COVID-19 pandemic. in 2017; of these, 98% were small businesses with fewer than 50 employees. industries and sub-industries. The profiles are organized using the North American Industry Classification System (NAICS). The Province has protected jobs and workers impacted by COVID-19 with an online variance application that simplified the process to extend temporary layoffs, resulting in the approval of more than 500 variances that protect more than 9,100 jobs across a variety of economic sectors. The Lil’wat Nation and the Village of Pemberton have planted the seeds of a community forest partnership that will help grow local jobs and economic opportunities, while enhancing stewardship of local lands. 1. pdf. The forest sector has long been a cornerstone of economic activity and continues to be the foundation of B.C.′s economy. View the Sector's latest photos on Flickr. From: Infrastructure Canada (https://www.infrastructure.gc.ca/index-eng.html). The first cohort of registered nurses (RNs) is on track to begin prescribing medications for treatment of opioid use disorder, as part of B.C.’s leading-edge overdose response plan. Not Out of the Woods Yet. government is extending a crucial support for the book publishing industry. The contribution of each of these sectors varies by region. (Note that because the same conversion rate is used for all of Canada, this method overstates the GDP PPP of provinces and territories with high price levels, and understates the GDP PPP of provinces and territories with low price levels.) Find out about recent data updates and highlights. The BC Food Hub Network aims to foster growth and innovation in the processing sector through improved industry access to facilities, equipment, technology, technical services and business supports. In October 2015, LifeSciences BC released a PwC Report – The Life Sciences Sector in BC ~ Economic Impact Now and in the Future that details the sector’s economic footprint in the province. Enhanced safety measures and $121.2 million in federal funding are on the way, as the Province continues to strengthen health and safety plans in K-12 schools to keep students, teachers and staff safe during the pandemic. communities. and BC has fared better than some provinces, Victoria is not immune from economic downturn and uncertainty. Contact us through Service BC. More than 100 B.C. moving: funding inter-city bus service, regional airports, Contact North BC expands access for post-secondary students in remote locations, Minister’s statement on safe return to campus this fall, Quarantine program for agriculture temporary foreign workers in place, Buy BC funding application intake now open, Preventing renovictions, extending rent freeze to benefit tenants, Legislation strengthens transparency, modernizes local election financing, Supports for youth in care extended another year, Kootenay parents to benefit from more child care spaces, Westshore welcomes BC Public Service’s first fully mobile workspace, Enhanced safety measures for K-12 schools, K-12 schools supported by regional COVID-19 rapid response teams, Province provides update, next steps for Site C, B.C. pdf. Throughout the pandemic, the ministry has consulted extensively with business owners, sector associations and marketing organizations to hear their priorities for recovery and ideas to help British Columbia remain … Watch the Sector's latest videos on YouTube. The third intake of the Province’s Work Experience Opportunities Grant has opened to help more British Columbians move toward economic recovery, thanks to broader eligibility requirements. The most promising sectors for future growth are: high technology, ocean recreation, and ports & shipping 4. Economic Recovery Indicators Dashboard. are receiving funding under the Community Economic Recovery Infrastructure Program’s (CERIP) destination development stream. 1.3 View labour market data for the province of British Columbia. In partnership with the Government of Canada, the Province and BC Hydro are reducing rates and lowering the costs of connecting to the electricity grid to help industries, public transportation agencies and neighbourhood energy systems reduce greenhouse gas emissions and attract new clean tech industries to British Columbia. This represents 3.0% growth over 2017 and 42.1% growth since 2008. Beata Caranci, Chief Economist, 416-982-8067. economy is predicting growth of 4.2 per cent this year, 4.5 per cent next year and three per cent in 2023. To see these again later, type "popular topics". The national GDP will drop by 40% in the second quarter of 2020, while the full-year GDP contraction is expected to hover at 8% due to the forthcoming recovery over the last two quarters of the year. More than 400,000 people in British Columbia will be immunized from March to early April as the Province moves into Phase 2 of the largest immunization rollout in B.C.’s history. This dashboard provides readers a view of selected data relevant to monitoring the impacts of COVID-19 in British Columbia and an opportunity to explore key economic trends as the COVID-19 situation evolves. Approximately 600 instances of gendered language across 15 ministries' regulations have been updated to reflect the diversity of the people served by the B.C. {"type": "chips","options": [{"text": "Financial supports"},{"text": "COVID-19 vaccine"},{"text": "Travel restrictions"},{"text": "Case counts"},{"text": "Call Centre information"}]}, Employment, business and economic development, Birth, adoption, death, marriage and divorce, Environmental protection and sustainability, Emergency Preparedness, Response & Recovery, B.C. B.C. Over the next decade, the demand for workers is expected to surpass the supply for many occupations. Although its significance has declined as the economy has matured and diversified over the past few decades, the forest remains important. With our diverse and growing selection of agrifood products including Canadian wine and seafood, our international reputation for high food safety standards and our favourable location for international shipping, our agrifoods sector is well positioned for growth and investment in both existing and new markets. “I’m proud that the members of the Economic Forecast Council have affirmed B.C.’s position as an economic leader in Canada,” James said. He's part of a tourism sector worth billions to the B.C. Questions about the collection of information can be directed to the Manager of Corporate Web, Government Digital Experience Division. Growth is expected to slow to 2.1 percent in 2018 and 2019, but still leading most other provinces. Agriculture and seafood; Construction Industry; Electricity & Alternative Energy; Crown Land & Water; Forestry; Natural Gas & Oil; Mineral Exploration & Mining; Rangelands; Working on the Land Base Discover what drives B.C. takes next steps to protect people with COVID-19 vaccine rollout plan, Province launches FireSmart Economic Recovery Fund, View the Sector's latest photos on Flickr, View the Sector's latest videos on YouTube. The tourism industry contributed $8.3 billion of value added to the BC economy, as measured through GDP (in 2012 constant dollars). Find a variety of statistics related to the economic strength of B.C. Farming, natural resources and industry. To improve the safety, reliability and capacity of Highway 1, construction of a new bridge crossing at Quartz Creek will soon begin, benefiting people who travel on the Trans-Canada Highway near Golden. But BC is more dependent on tourism. This document describes the Economy Sector's guidelines for developing systems. The B.C.
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