Economy of British Columbia

Economy of British Columbia
	Vancouver is a major economic hub of British Columbia.
Currency	Canadian Dollar (CAD)
Fiscal year	April 1 – March 31
Statistics
Population	5,000,879 (2021)
GDP	350,598 billion CAD (2021)
Inflation (CPI)	3.5% (June 2023)
Human Development Index	0.944
Labour force	2,942,100
Unemployment	5.6% (163,900) (June 2023)
Average gross salary	$40,800
Average net salary	$37,200
	All values, unless otherwise stated, are in US dollars.

British Columbia (B.C.) is the third largest Canadian province by population^[7] and fourth largest provincial economy.^[8] Like other provinces in the Canadian federation, B.C. consists of both private and public institutions. However, as Canada's westernmost province, located between the Pacific Ocean and the Rocky Mountains, B.C. has unique economic characteristics that distinguish it from much of the rest of Canada.

^ Financial Administration Act, RSBC 1996, c. 138, s. 1
^ ^a ^b ^c Government of Canada, Statistics Canada (9 February 2022). "2021 Census of Population (Profile Table: British Columbia)". Retrieved 18 April 2023.
^ Government of Canada, Statistics Canada (8 November 2022). Table 36-10-0222-01 Gross domestic product, expenditure-based, provincial and territorial, annual (x 1,000,000) (Report). Government of Canada. doi:10.25318/3610022201-eng. Retrieved 18 April 2023.
^ BC Stats (18 July 2023). Consumer Price Index Highlights (PDF) (Report). Vol. 23. Victoria. Archived (PDF) from the original on 22 July 2023. Retrieved 22 July 2023.
^ "Table: Subnational HDI". globaldatalab.org. Archived from the original on 20 February 2023. Retrieved 18 April 2023.
^ ^a ^b BC Stats (June 2023). Labour Force Statistics Highlights, June 2023 (PDF) (Report). Vol. 6. Victoria: Government of British Columbia (published 7 July 2023). Archived (PDF) from the original on 22 July 2023. Retrieved 22 July 2023.
^ BC Ministry of CItizen Services. "Population Estimates - Province of British Columbia". www2.gov.bc.ca. Retrieved 3 September 2019.
^ Government of Canada, Statistics Canada (1 May 2019). "The Daily — Gross domestic product by industry: Provinces and territories, 2018". www150.statcan.gc.ca. Retrieved 3 September 2019.

[1] Financial Administration Act, RSBC 1996, c. 138, s. 1

[2021_Census-2] Government of Canada, Statistics Canada (9 February 2022). "2021 Census of Population (Profile Table: British Columbia)". Retrieved 18 April 2023.

[3] Government of Canada, Statistics Canada (8 November 2022). Table 36-10-0222-01 Gross domestic product, expenditure-based, provincial and territorial, annual (x 1,000,000) (Report). Government of Canada. doi:10.25318/3610022201-eng. Retrieved 18 April 2023.

[4] BC Stats (18 July 2023). Consumer Price Index Highlights (PDF) (Report). Vol. 23. Victoria. Archived (PDF) from the original on 22 July 2023. Retrieved 22 July 2023.

[5] "Table: Subnational HDI". globaldatalab.org. Archived from the original on 20 February 2023. Retrieved 18 April 2023.

[LFSH_23-June-6] BC Stats (June 2023). Labour Force Statistics Highlights, June 2023 (PDF) (Report). Vol. 6. Victoria: Government of British Columbia (published 7 July 2023). Archived (PDF) from the original on 22 July 2023. Retrieved 22 July 2023.

[7] BC Ministry of CItizen Services. "Population Estimates - Province of British Columbia". www2.gov.bc.ca. Retrieved 3 September 2019.

[8] Government of Canada, Statistics Canada (1 May 2019). "The Daily — Gross domestic product by industry: Provinces and territories, 2018". www150.statcan.gc.ca. Retrieved 3 September 2019.

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