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British Columbia Economic Forecast

The Conference Board of Canada’s Economic Trends Division is recognized worldwide for its expertise in economic forecasting, modelling and analysis. We have produced accurate economic forecasts for more than 25 years.

We examine the economic outlook for British Columbia, including gross domestic product (GDP), output by industry, housing, demographics and trade and labour market conditions.

The Provincial Outlook is updated quarterly using the Conference Board’s large econometric model of the provincial economies.

Five-year forecasts with up to 50 years of history for more than 210 indicators are available for British Columbia. The indicators are updated four times a year.

What Data Do We Forecast?

Key Economic Indicators: British Columbia
Gross Domestic Product at Market Prices,British Columbia Millions $
Gross Domestic Product at Market Prices,British Columbia Millions, Chained $ 2007
Gross Domestic Product at Basic Prices, British Columbia Millions, Chained $ 2007
Implicit Price Deflator: G.D.P at Market Price, British Columbia Index, 2007=1.00
Consumer Price Index, British Columbia 2002=1.0
Wages & Salaries Per Employee, British Columbia Thousands $
Primary household income , British Columbia Millions $
Household disposable income , British Columbia Millions $
Population of Labour Force Age , British Columbia Thousands
Labour Force , British Columbia Thousands
Employment, British Columbia Thousands
Unemployment Rate, British Columbia %
Retail Sales , British Columbia Millions $
Housing Starts , British Columbia Number of units
 
GDP at Basic Prices by Industry (Millions, Chained $ 2007)
GDP at Basic Prices by Industry, Crop and animal production , British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Forestry and Logging , British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Support activities for agriculture & forestry, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Fishing, hunting and trapping, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Mining and oil and gas extraction, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Manufacturing, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Construction, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Utilities, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Goods-Producing Industries, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Transportation & Warehousing, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Information & Culture Industries, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Wholesale & Retail Trade, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Finance and insurance, real estate and renting and leasing and management of companies and enterprises, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Commercial Services, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Non-Commercial Services, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Public administration , British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, Service-Producing Industries, British Columbia Millions, Chained $ 2007
GDP at Basic Prices by Industry, All Industries, British Columbia Millions, Chained $ 2007
 
Labour Market ('000)
Employment, British Columbia, Agriculture Thousands
Employment, British Columbia, Other Primary Industries Thousands
Employment, British Columbia, Utilities Thousands
Employment, British Columbia, Manufacturing Thousands
Employment, British Columbia, Construction Thousands
Employment, British Columbia, Wholesale and Retail Trade Thousands
Employment, British Columbia, Transportation and Warehousing Thousands
Employment, British Columbia, Finance, Insurance, Real Estate Thousands
Employment, British Columbia, Other Commercial Services Industries Thousands
Employment, British Columbia, Education & Health Industries Thousands
Employment, British Columbia, Public Administration Thousands
Employment, Education, British Columbia Thousands
Employment, Health & Social Services, British Columbia Thousands
Employment, British Columbia, Total Thousands
Unemployed, British Columbia Thousands
Participation Rate, British Columbia %
 
Demography ('000)
Total Population, British Columbia Thousands
Net Provincial Migration, British Columbia Thousands
Inter-provincial In-migration, British Columbia Thousands
Inter-provincial Out-migration, British Columbia Thousands
Net International Migration, British Columbia Thousands
Natural Rate of Population Increase, British Columbia Thousands
   
Final consumption expenditure (Millions $)  
Final consumption expenditure, British Columbia Millions $
Household final consumption expenditure, British Columbia Millions $
Household final consumption expenditure: Goods, British Columbia Millions $
Household final consumption expenditure: Durable Goods, British Columbia Millions $
Household final consumption expenditure: Semi-durable Goods, British Columbia Millions $
Household final consumption expenditure: Non-durable Goods, British Columbia Millions $
Household final consumption expenditure: Services, British Columbia Millions $
Household final consumption expenditure: Services: Services related to dwelling and property (including rental and imputed rent), British Columbia Millions $
Household final consumption expenditure: Services: Other Services, British Columbia Millions $
Non-profit institutions serving households' final consumption expenditure, British Columbia Millions $
General governments final consumption expenditure, British Columbia Millions $
   
Gross fixed capital formation (Millions $)  
Gross fixed capital formation, British Columbia Millions $
Gross fixed capital formation: Business, British Columbia Millions $
Gross fixed capital formation: Business - Residential Structures, British Columbia Millions $
Gross fixed capital formation: Business - Non-Residential Structures, British Columbia Millions $
Gross fixed capital formation: Business - Machinery and equipment, British Columbia Millions $
Gross fixed capital formation: Business - Intellectual property products, British Columbia Millions $
Gross fixed capital formation, Non-profit institutions serving households, British Columbia Millions $
Gross fixed capital formation, General governments, British Columbia Millions $
   
Trade (Millions $)  
Investment in inventories, British Columbia Millions $
Exports of Goods & Services, British Columbia Millions $
Exports To Other Countries, British Columbia Millions $
Exports of Goods to Other Countries, British Columbia Millions $
Exports of Services to Other Countries, British Columbia Millions $
Exports To Other Provinces, British Columbia Millions $
Exports of Goods to Other Provinces, British Columbia Millions $
Exports of Services to Other Provinces, British Columbia Millions $
Net Exports, British Columbia Millions $
Imports of Goods & Services, British Columbia Millions $
Imports To Other Countries, British Columbia Millions $
Imports of Goods to Other Countries, British Columbia Millions $
Imports of Services to Other Countries, British Columbia Millions $
Imports To Other Provinces, British Columbia Millions $
Imports of Goods to Other Provinces, British Columbia Millions $
Imports of Services to Other Provinces, British Columbia Millions $
   
Final consumption expenditure (Millions, Chained $2007)  
Final consumption expenditure, British Columbia Millions, Chained $ 2007
Household final consumption expenditure, British Columbia Millions, Chained $ 2007
Household final consumption expenditure: Goods, British Columbia Millions, Chained $ 2007
Household final consumption expenditure: Durable Goods, British Columbia Millions, Chained $ 2007
Household final consumption expenditure: Semi-durable Goods, British Columbia Millions, Chained $ 2007
Household final consumption expenditure: Non-durable Goods, British Columbia Millions, Chained $ 2007
Household final consumption expenditure: Services, British Columbia Millions, Chained $ 2007
Household final consumption expenditure: Services: Services related to dwelling and property (including rental and imputed rent), British Columbia Millions, Chained $ 2007
Household final consumption expenditure: Services: Other Services, British Columbia Millions, Chained $ 2007
Non-profit institutions serving households' final consumption expenditure, British Columbia Millions, Chained $ 2007
General governments final consumption expenditure, British Columbia Millions, Chained $ 2007
   
Gross fixed capital formation (Millions, Chained $2007)  
Gross fixed capital formation, British Columbia Millions, Chained $ 2007
Business gross fixed capital formation, British Columbia Millions, Chained $ 2007
Business gross fixed capital formation, Residential Structures, British Columbia Millions, Chained $ 2007
Business gross fixed capital formation, Non-Residential Structures, British Columbia Millions, Chained $ 2007
Business gross fixed capital formation, Machinery and equipment, British Columbia Millions, Chained $ 2007
Business gross fixed capital formation, Intellectual property products, British Columbia Millions, Chained $ 2007
Gross fixed capital formation, Non-profit institutions serving households, British Columbia Millions, Chained $ 2007
Gross fixed capital formation, General governments, British Columbia Millions, Chained $ 2007
   
Trade (Millions, Chained $ 2007)  
Investment in inventories, British Columbia Millions, Chained $ 2007
Exports of Goods & Services, British Columbia Millions, Chained $ 2007
Exports To Other Countries, British Columbia Millions, Chained $ 2007
Exports of Goods to Other Countries, British Columbia Millions, Chained $ 2007
Exports of Services to Other Countries, British Columbia Millions, Chained $ 2007
Exports To Other Provinces, British Columbia Millions, Chained $ 2007
Exports of Goods to Other Provinces, British Columbia Millions, Chained $ 2007
Exports of Services to Other Provinces, British Columbia Millions, Chained $ 2007
Net Exports, British Columbia Millions, Chained $ 2007
Imports of Goods & Services, British Columbia Millions, Chained $ 2007
Imports To Other Countries, British Columbia Millions, Chained $ 2007
Imports of Goods to Other Countries, British Columbia Millions, Chained $ 2007
Imports of Services to Other Countries, British Columbia Millions, Chained $ 2007
Imports To Other Provinces, British Columbia Millions, Chained $ 2007
Imports of Goods to Other Provinces, British Columbia Millions, Chained $ 2007
Imports of Services to Other Provinces, British Columbia Millions, Chained $ 2007
   
Average Weekly Wages & Salaries Per Employee ($, Industrial Composite)  
Average Weekly Wages & Salaries Per Employee, British Columbia $, Industrial Composite
   
Gross domestic product, Income-based (Millions $)  
Gross domestic product, Income-based, Compensation of employees; British Columbia Millions $
Gross domestic product, Income-based, Compensation of employees: Wages and salaries; British Columbia Millions $
Gross domestic product, Income-based, Compensation of employees: Employers' social contributions; British Columbia Millions $
Gross domestic product, Income-based, Gross Operating Surplus; British Columbia Millions $
Gross domestic product, Income-based, Gross Operating Surplus: Net Operating Surplus - Corporations; British Columbia Millions $
Gross domestic product, Income-based, Gross Operating Surplus: Consumption of fixed capital - Corporations & General governments; British Columbia Millions $
Gross domestic product, Income-based, Gross mixed income; British Columbia Millions $
Gross domestic product, Income-based, Gross mixed income: Net mixed income; British Columbia Millions $
Gross domestic product, Income-based, Gross mixed income: Consumption of fixed capital - unincorporated businesses; British Columbia Millions $
Gross domestic product, Income-based, Taxes less subsidies on production; British Columbia Millions $
Gross domestic product, Income-based, Taxes less subsidies on products and imports; British Columbia Millions $
   
Current accounts - Households (Millions $)  
Current accounts - Households, Compensation of employees; British Columbia Millions $
Current accounts - Households: Non-farm Income; British Columbia Millions $
Current accounts - Households: Farm Income; British Columbia Millions $
Current accounts - Households: Rental income of households; British Columbia Millions $
Current accounts - Households, Net property income; British Columbia Millions $
Current accounts - Households, Current transfers received by households; British Columbia Millions $
Current accounts - Households, Current transfers received by households from non profit institutions serving households, corporations and non-residents; British Columbia Millions $
Current accounts - Households, Current transfers received by households from general governments, employment insurance benefits; British Columbia Millions $
Current accounts - Households, Current transfers received by households from general governments, social security benefits; British Columbia Millions $
Current accounts - Households, Current transfers received by households from general governments, other benefits benefits; British Columbia Millions $
Current accounts - Households, Current transfers paid by households; British Columbia Millions $
Current accounts - Households, Current transfers paid by households to non profit institutions serving households; British Columbia Millions $
Current accounts - Households, Current transfers paid by households to corporations; British Columbia Millions $
Current accounts - Households, Current transfers paid by households to non-residents; British Columbia Millions $
Current accounts - Households, Current transfers paid by households to general governments ; British Columbia Millions $
Current accounts - Households, Current transfers paid by households to general governments - personal income taxes; British Columbia Millions $
Current accounts - Households, Current transfers paid by households to general governments - other current transfers; British Columbia Millions $
Current accounts - Households, Current transfers paid by households - others (to non-profit institutions serving households, corporations and non-residents); British Columbia Millions $
Current accounts - Households, Household net savings; British Columbia Millions $
Current accounts - Households, Household Savings rate; British Columbia %
   
Housing (Number of units)  
Housing Starts, Singles, British Columbia Number of units
Housing Starts, Multiples, British Columbia Number of units
Housing Completions, Singles, British Columbia Number of units
Housing Completions, Multiples, British Columbia Number of units
   
Real Domestic Product, British Columbia (Millions $ 2007)  
Real Domestic Product: Metal Ore Mining, British Columbia Millions $ 2007
Real Domestic Product: Non-metallic mineral mining and quarrying , British Columbia Millions $ 2007
Real Domestic Product: Oil and gas extraction & Coal mining , British Columbia Millions $ 2007
Real Domestic Product: Support activities for mining and oil and gas extraction , British Columbia Millions $ 2007
Real Domestic Product: Wholesale Trade, British Columbia Millions $ 2007
Real Domestic Product: Retail Trade, British Columbia Millions $ 2007
Real Domestic Product: Imputed Rent, British Columbia Millions $ 2007
Real Domestic Product: Other Finance and Insurance, Real Estate and Renting and Leasing and Management of Companies and Enterprises, British Columbia Millions $ 2007
Real Domestic Product: Professional, scientific, technical services, administrative and support, waste management and remediation services , British Columbia Millions $ 2007
Real Domestic Product: Professional, scientific & technical services , British Columbia Millions $ 2007
Real Domestic Product: Administrative and support, waste management and remediation services , British Columbia Millions $ 2007
Real Domestic Product: Accommodation and food services, British Columbia Millions $ 2007
Real Domestic Product: Arts, entertainment and recreation, British Columbia Millions $ 2007
Real Domestic Product: Other services (except public administration), British Columbia Millions $ 2007
Real Domestic Product: Educational Services , British Columbia Millions $ 2007
Real Domestic Product: Healthcare and social assistance , British Columbia Millions $ 2007
   
Implicit Price Indexes, Consumption Expenditures, Gross Fixed Capital Formation, Exports, Imports, Gross Domestic and Final Domestic Demand, British Columbia (2007=1.00)  
Implicit Price Deflator, Final consumption expenditure, British Columbia Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure, British Columbia Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Goods, British Columbia Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Durable Goods, British Columbia Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Semi-durable Goods, British Columbia Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Non-durable Goods, British Columbia Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Services, British Columbia Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Services: Rent, British Columbia Index, 2007=1.00
Implicit Price Deflator, Household final consumption expenditure: Services: Other Services, British Columbia Index, 2007=1.00
Implicit Price Deflator, Non-profit institutions serving households' final consumption expenditure, British Columbia Index, 2007=1.00
Implicit Price Deflator, General governments final consumption expenditure, British Columbia Index, 2007=1.00
Implicit Price Deflator, Gross fixed capital formation, British Columbia Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, British Columbia Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Residential Structures, British Columbia Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Non-Residential Structures, British Columbia Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Machinery and equipment, British Columbia Index, 2007=1.00
Implicit Price Deflator, Business gross fixed capital formation, Intellectual property products, British Columbia Index, 2007=1.00
Implicit Price Deflator, Gross fixed capital formation, Non-profit institutions serving households, British Columbia Index, 2007=1.00
Implicit Price Deflator, Gross fixed capital formation, General governments, British Columbia Index, 2007=1.00
Implicit Price Deflator, Exports of Goods & Services, British Columbia Index, 2007=1.00
Implicit Price Deflator, Exports To Other Countries, British Columbia Index, 2007=1.00
Implicit Price Deflator, Exports of Goods to Other Countries, British Columbia Index, 2007=1.00
Implicit Price Deflator, Exports of Services to Other Countries, British Columbia Index, 2007=1.00
Implicit Price Deflator, Exports To Other Provinces, British Columbia Index, 2007=1.00
Implicit Price Deflator, Exports of Goods to Other Provinces, British Columbia Index, 2007=1.00
Implicit Price Deflator, Exports of Services to Other Provinces, British Columbia Index, 2007=1.00
Implicit Price Deflator, Imports of Goods & Services, British Columbia Index, 2007=1.00
Implicit Price Deflator, Imports To Other Countries, British Columbia Index, 2007=1.00
Implicit Price Deflator, Imports of Goods to Other Countries, British Columbia Index, 2007=1.00
Implicit Price Deflator, Imports of Services to Other Countries, British Columbia Index, 2007=1.00
Implicit Price Deflator, Imports To Other Provinces, British Columbia Index, 2007=1.00
Implicit Price Deflator, Imports of Goods to Other Provinces, British Columbia Index, 2007=1.00
Implicit Price Deflator, Imports of Services to Other Provinces, British Columbia Index, 2007=1.00
Implicit Price Deflator, Final Domestic Demand, British Columbia Index, 2007=1.00
Implicit Price Deflator, Final consumption expenditure, British Columbia Index, 2007=1.00
   
Nominal Domestic Product: Business Non-Residential Investment Spending (Millions $)  
Nominal Domestic Product: Business Non-Residential Investment Spending: Non-Energy , British Columbia Millions $
Nominal Domestic Product: Business Non-Residential Investment Spending: Energy , British Columbia Millions $

Forecasts and research often involve numerous assumptions and data sources, and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.

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Provincial Forecast Model

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Economics Team

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