Budget '98: Reports -- Table H1: General Economic Indicators

The following electronic version is for
informational purposes only.
The printed version remains the official version.

TABLE H1
GENERAL ECONOMIC INDICATORS

Unit or
Base Period
1994
1995
1996
1997

Population and Labour Force:

Population (July 1) thousands 3,671 3,766 3,858 3,933

Net In-migration number 80,627 61,972 64,292 49,700 ^e

Interprovincial number 38,649 24,894 21,150 7,400 ^e

International number 41,978 37,078 43,142 42,300 ^e

Labour force thousands 1,913 1,935 1,982 2,012

Labour force participation rate * per cent 66.7 65.7 65.5 64.9

Male per cent 74.5 73.0 72.6 71.8

Female per cent 59.1 58.5 58.6 58.2

Employment ** thousands 1,733 1,762 1,806 1,838

Male thousands 946 963 986 1,001

Female thousands 787 799 820 836

Full-time thousands 1,374 1,413 1,444 1,454

Part-time thousands 359 349 362 384

Unemployment rate per cent 9.4 9.0 8.9 8.7

Male per cent 10.2 9.2 9.0 8.9

Female per cent 8.5 8.6 8.7 8.4

Main Economic Indicators:

Provincial gross domestic product $ millions 98,555 101,945 103,631 106,710 ^e

Capital investment (new) $ millions 20,403 19,227 19,013 19,956

Retail sales $ millions 29,032 30,837 31,252 32,771

New motor vehicle sales units 155,966 148,069 143,696 164,041

Housing starts dwelling units 39,408 27,057 27,641 29,351

Building permits $ millions 6,318 5,415 6,053 5,536

Foreign merchandise exports $ millions 22,834 26,911 25,742 26,566

Incomes:

Personal income $ millions 85,610 89,730 91,970 94,820 ^e

Labour income $ millions 54,018 56,795 58,777 60,731

Average weekly earnings $ 578 595 608 614

Prices:

Consumer price index,
    B.C. (urban) 1992=100 105.5 107.9 108.9 109.7

Consumer price index,
    Vancouver 1992=100 105.7 108.4 109.2 109.8

Consumer price index,
    Victoria 1992=100 105.1 107.7 108.7 109.7

Industrial product price index,
    Canada 1992=100 109.9 118.1 118.6 119.6

B.C. export commodity price
    index ($ Cdn.) 1992=100 131.4 141.0 138.1 141.3

Financial Indicators:

Business incorporations number 25,774 23,846 22,848 22,958

Business bankruptcies number 822 972 946 898

Vancouver Stock Exchange

Shares traded $ millions 5,783 6,422 11,986 8,670

Composite indicator (Dec. 31) $ millions 767.4 795.9 1,190.4 618.5

Personal savings deposits
    at chartered banks $ millions 38,997 41,497 42,724 41,900 ^e

Personal loans outstanding
    at chartered banks $ millions 10,408 11,414 12,535 13,900 ^e

Sector Indicators:

Manufacturing shipments $ millions 31,048 35,040 33,933 34,641

Timber scaled thousand
cubic metres 75,649 76,472 75,213 68,628

Lumber production thousand
cubic metres 33,671 32,611 32,671 31,562

Pulp and paper production thousand
tonnes 7,710 7,608 7,287 7,099

Gross value of mineral
    production $ millions 2,677 3,437 3,095 3,176 ^e

Petroleum and natural gas
    production $ millions 1,227 951 1,196 1,518 ^e

Electric power generation
    (net) million kilowatt
hours 61,015 58,006 71,747 66,729

Farm cash receipts $ millions 1,521 1,565 1,643 1,881

Foreign visitors thousands 5,999 6,577 6,907 7,323

Regional Data:

Housing Starts

Vancouver 20,473 14,992 15,453 15,950

Victoria 2,303 1,299 1,142 1,311

Abbotsford 1,600 886 865 871

Chilliwack 1,187 588 396 621

Kamloops 1,029 663 555 543

Kelowna 1,496 1,205 1,406 1,741

Prince George 370 292 411 402

Nanaimo 996 642 887 821

Campbell River 548 318 419 336

Courtenay 1,309 506 517 488

Duncan 495 242 383 242

Penticton 552 277 300 244

Vernon 656 432 400 346

Employment Unemployment Rate (%)

1996 1997 1996 1997

Labour Markets

Greater Vancouver 933,000 941,000 8.1 8.5

Greater Victoria 146,000 151,000 8.9 8.1

Vancouver Island/Coast 314,000 326,000 9.7 9.0

Mainland/Southwest 1,056,000 1,071,000 8.4 8.5

Thompson-Okanagan 203,000 210,000 10.6 8.6

Kootenay 65,000 64,000 8.9 9.6

Cariboo 82,000 79,000 8.8 10.3

North Coast and Nechako 53,000 53,000 7.7 9.2

Northeast 34,000 35,000 7.4 4.9

e: Estimate
* Per cent of the working-age population in the labour force.
** Totals may not add due to rounding.

Sources: Statistics Canada, Bank of Canada, Government of British Columbia, other federal and provincial agencies and industry associations.

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		CONTENTS FOR BUDGET ’98

			Unit or Base Period	1994	1995	1996	1997
Population and Labour Force:
	Population (July 1)		thousands	3,671	3,766	3,858	3,933
	Net In-migration		number	80,627	61,972	64,292	49,700 ^e
		Interprovincial	number	38,649	24,894	21,150	7,400 ^e
		International	number	41,978	37,078	43,142	42,300 ^e
	Labour force		thousands	1,913	1,935	1,982	2,012
	Labour force participation rate *		per cent	66.7	65.7	65.5	64.9
		Male	per cent	74.5	73.0	72.6	71.8
		Female	per cent	59.1	58.5	58.6	58.2
	Employment **		thousands	1,733	1,762	1,806	1,838
		Male	thousands	946	963	986	1,001
		Female	thousands	787	799	820	836
		Full-time	thousands	1,374	1,413	1,444	1,454
		Part-time	thousands	359	349	362	384
	Unemployment rate		per cent	9.4	9.0	8.9	8.7
		Male	per cent	10.2	9.2	9.0	8.9
		Female	per cent	8.5	8.6	8.7	8.4
Main Economic Indicators:
	Provincial gross domestic product		$ millions	98,555	101,945	103,631	106,710 ^e
	Capital investment (new)		$ millions	20,403	19,227	19,013	19,956
	Retail sales		$ millions	29,032	30,837	31,252	32,771
	New motor vehicle sales		units	155,966	148,069	143,696	164,041
	Housing starts		dwelling units	39,408	27,057	27,641	29,351
	Building permits		$ millions	6,318	5,415	6,053	5,536
	Foreign merchandise exports		$ millions	22,834	26,911	25,742	26,566
Incomes:
	Personal income		$ millions	85,610	89,730	91,970	94,820 ^e
	Labour income		$ millions	54,018	56,795	58,777	60,731
	Average weekly earnings		$	578	595	608	614
Prices:
	Consumer price index, B.C. (urban)		1992=100	105.5	107.9	108.9	109.7
	Consumer price index, Vancouver		1992=100	105.7	108.4	109.2	109.8
	Consumer price index, Victoria		1992=100	105.1	107.7	108.7	109.7
	Industrial product price index, Canada		1992=100	109.9	118.1	118.6	119.6
	B.C. export commodity price index ($ Cdn.)		1992=100	131.4	141.0	138.1	141.3
Financial Indicators:
	Business incorporations		number	25,774	23,846	22,848	22,958
	Business bankruptcies		number	822	972	946	898
	Vancouver Stock Exchange
		Shares traded	$ millions	5,783	6,422	11,986	8,670
		Composite indicator (Dec. 31)	$ millions	767.4	795.9	1,190.4	618.5
	Personal savings deposits at chartered banks		$ millions	38,997	41,497	42,724	41,900 ^e
	Personal loans outstanding at chartered banks		$ millions	10,408	11,414	12,535	13,900 ^e
Sector Indicators:
	Manufacturing shipments		$ millions	31,048	35,040	33,933	34,641
	Timber scaled		thousand cubic metres	75,649	76,472	75,213	68,628
	Lumber production		thousand cubic metres	33,671	32,611	32,671	31,562
	Pulp and paper production		thousand tonnes	7,710	7,608	7,287	7,099
	Gross value of mineral production		$ millions	2,677	3,437	3,095	3,176 ^e
	Petroleum and natural gas production		$ millions	1,227	951	1,196	1,518 ^e
	Electric power generation (net)		million kilowatt hours	61,015	58,006	71,747	66,729
	Farm cash receipts		$ millions	1,521	1,565	1,643	1,881
	Foreign visitors		thousands	5,999	6,577	6,907	7,323
Regional Data:
	Housing Starts
		Vancouver		20,473	14,992	15,453	15,950
		Victoria		2,303	1,299	1,142	1,311
		Abbotsford		1,600	886	865	871
		Chilliwack		1,187	588	396	621
		Kamloops		1,029	663	555	543
		Kelowna		1,496	1,205	1,406	1,741
		Prince George		370	292	411	402
		Nanaimo		996	642	887	821
		Campbell River		548	318	419	336
		Courtenay		1,309	506	517	488
		Duncan		495	242	383	242
		Penticton		552	277	300	244
		Vernon		656	432	400	346

		Employment		Unemployment Rate (%)
		1996	1997	1996	1997
Labour Markets
	Greater Vancouver	933,000	941,000	8.1	8.5
	Greater Victoria	146,000	151,000	8.9	8.1
	Vancouver Island/Coast	314,000	326,000	9.7	9.0
	Mainland/Southwest	1,056,000	1,071,000	8.4	8.5
	Thompson-Okanagan	203,000	210,000	10.6	8.6
	Kootenay	65,000	64,000	8.9	9.6
	Cariboo	82,000	79,000	8.8	10.3
	North Coast and Nechako	53,000	53,000	7.7	9.2
	Northeast	34,000	35,000	7.4	4.9

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