This annual economic forecast for the province of British Columbia examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Provincial Long-Term Economic Forecast for British Columbia: 2016
Provincial Long-Term Economic Forecast for British Columbia: 2016
Provincial Economic Analysis
$645.00
- Continuing its solid performance of the last two years, the B.C. economy will be running far ahead of that of any other province over the next five years.
- Changing demographics are having a substantial impact on B.C.’s long-term forecast.
- B.C. will have the slowest population growth of any of the four Western provinces.
- The share of the population 65 and over will reach 26.6 per cent by 2035.
- The forestry sector will continue to suffer from the mountain pine beetle infestation.
- Construction of LNG facilities will provide a long-term economic boost.
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