Despite continued global economic uncertainty, British Columbia’s diverse economy remains strong and growing, and the Province is proud of its record of fiscal management and economic growth.
- B.C. has:
- tabled five consecutive balanced budgets.
- maintained a triple-A credit rating since 2007.
- one of the lowest overall tax burdens in Canada.
- B.C. has led the country in economic growth since 2011, with gross domestic product expanding by $25 billion (or 12.1%).
- In 2015, B.C. led the country in economic growth in 2015, with gross domestic product expanding by $7.4 billion (or 3.3%).
- Many private sector economists, banks and economic think tanks are forecasting the province will continue to record real GDP growth that ranks among the best in Canada in 2017.
- British Columbia has added 226,400 new jobs since the launch of the BC Jobs Plan in 2011.
- Over 93% of the jobs created since 2011 have been full-time and over 89% of them are in the private sector.
- Currently, there are over 2.4 million people are employed in B.C., the most people working in the Province's history
- At 5.4%, B.C.’s unemployment rate is the lowest in the country.
- B.C. has had the lowest unemployment rate in the country for 11 out of the past 12 months.
- B.C. is leading the country at 3.5% year-over-year employment growth.
- B.C. has $437.6 billion in major projects with $77 billion (Q3 2016) already under construction – a 13% increase over 2011.
- The Province has more than $7.5 billion worth of major taxpayer-supported capital projects throughout B.C. supporting over 38,000 direct and indirect jobs during construction.
- In 2016, $39.4 billion in goods were exported from B.C., an increase of 20.7% since 2011 (+$6.8 billion).
- B.C. agrifoods producers exported $3.5 billion in products – a 45% increase over 2011.
- For 2016, B.C. forest production exports were nearly $14 billion, up almost 40% since 2011.
- Manufactured goods account for 65.2% of B.C.’s total exports to international destinations.
To learn more about the BC Jobs Plan, visit: http://engage.gov.bc.ca/bcjobsplan/
Media RelationsMinistry of Jobs, Tourism, and Skills Training
and Responsible for Labour