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Economy of British Columbia
Vancouver is a major economic hub of British Columbia.
Currency
Canadian Dollar (CAD)
Fiscal year
April 1 – March 31[1]
Statistics
Population
5,000,879 (2021)[2]
GDP
350,598 million CAD (2021)[3]
Inflation (CPI)
3.5% (June 2023)[4]
Human Development Index
0.944[5]
Labour force
2,942,100[6]
Unemployment
5.6% (163,900) (June 2023) [6]
Average gross salary
$40,800[2]
Average net salary
$37,200[2]
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
^ abcGovernment 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.
^ abBC 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.
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