BC CHECK-UP 2016www.bccheckup.com

BC continues to be leader in GDP growth, due to...Revived export sector and improved tourism; and

Continued population growth and positive consumer confidence.

OUTLOOK FOR BC’S ECONOMY IS OPTIMISTIC

BC REMAINED IN SOLID FISCAL SHAPE IN 2015

THE GOOD…

3.1% real annual GDP growth

+27,800 new jobs

+44,724 new residents

THE BAD…

Marginal export growth

Highest consumer debt per capita in Canada

Lowest average compensation rate in Canada

BC IS IMPROVING AS A PLACE TO WORK

Two-thirds of 27,800 new jobs occurred in service sector.

Over 70.2% of BC labour force has at least some post-

secondary education.

Share of employment in sciences increased to 7.2%.

Average labour compensation increased to $53,373.

BC IS STILL A GOOD PLACE TO INVEST

Private sector non-residential building investment

increased by 2.8% to $3.97 billion.

Value of exports increased marginally despite low

commodity and energy prices.

BC is one of two provinces to declare a surplus for

fiscal 2016/17.

BC IS FACING CHALLENGES AS A PLACE TO LIVE

Consumer debt per capita reached $60,043, largely

due to mortgage debt to pay for high housing costs.

Households spent on average 76.9% median income

on housing in Vancouver and 45.8% in Victoria.

5.9% of labour force between ages 19 and 24 did not

complete high school education.

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