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B.C. Financial and Economic Review 2000 001240020030444050508020010001005007055500402010022030005060500012400200 British Columbia Financial and Economic Review 0012400200304440505080200100010050070555004020100220300050605000124002 304440505080200100010050070555004020100220300050605000124002003044405050 3044405050802001000100500705550040201002203000506050001240020030444050 802001000100500705550040201002203000506050001240020030444050508020010001 8020010001005007055500402010022030005060500012400200304440505080200100 005007055500402010022030005060500012400200304440505080200100010050070555 0050070555004020100220300050605000124002003044405050802001000100500705 004020100220300050605000124002003044405050802001000100500705550040201002 0040201002203000506050001240020030444050508020010001005007055500402010 203000506050001240020030444050508020010001005007055500402010022030005060 2030005060500012400200304440505080200100010050070555004020100220300050 500012400200304440505080200100010050070555004020100220300050605000124002 5000124002003044405050802001000100500705550040201002203000506050001240 003044405050802001000100500705550040201002203000506050001240020030444050 0030444050508020010001005007055500402010022030005060500012400200304440 508020010001005007055500402010022030005060500012400200304440505080200100 5080200100010050070555004020100220300050605000124002003044405050802001 010050070555004020100220300050605000124002003044405050802001000100500705 0100500705550040201002203000506050001240020030444050508020010001005007 550040201002203000506050001240020030444050508020010001005007055500402010 5500402010022030005060500012400200304440505080200100010050070555004020 022030005060500012400200304440505080200100010050070555004020100220300050 0220300050605000124002003044405050802001000100500705550040201002203000 605000124002003044405050802001000100500705550040201002203000506050001240 6050001240020030444050508020010001005007055500402010022030005060500012 020030444050508020010001005007055500402010022030005060500012400200304440 0200304440505080200100010050070555004020100220300050605000124002003044 505080200100010050070555004020100220300050605000124002003044405050802001 5050802001000100500705550040201002203000506050001240020030444050508020 000100500705550040201002203000506050001240020030444050508020010001005007 0001005007055500402010022030005060500012400200304440505080200100010050 055500402010022030005060500012400200304440505080200100010050070555004020 0555004020100220300050605000124002003044405050802001000100500705550040 100220300050605000124002003044405050802001000100500705550040201002203000 1002203000506050001240020030444050508020010001005007055500402010022030 506050001240020030444050508020010001005007055500402010022030005060500012 5060500012400200304440505080200100010050070555004020100220300050605000 400200304440505080200100010050070555004020100220300050605000124002003044 4002003044405050802001000100500705550040201002203000506050001240020030 405050802001000100500705550040201002203000506050001240020030444050508020 4050508020010001005007055500402010022030005060500012400200304440505080 010001005007055500402010022030005060500012400200304440505080200100010050 0100010050070555004020100220300050605000124002003044405050802001000100 070555004020100220300050605000124002003044405050802001000100500705550040 0705550040201002203000506050001240020030444050508020010001005007055500 201002203000506050001240020030444050508020010001005007055500402010022030 2010022030005060500012400200304440505080200100010050070555004020100220 005060500012400200304440505080200100010050070555004020100220300050605000 0050605000124002003044405050802001000100500705550040201002203000506050 www.fin.gov.bc.ca 60TH EDITION 2000 British Columbia Financial and Economic Ministry of Finance and Ministry of Finance and Review Corporate Relations Corporate Relations 001240020030444050508020010001005007055500402010022030005060500012400200 2000 0012400200304440505080200100010050070555004020100220300050605000124002 304440505080200100010050070555004020100220300050605000124002003044405050 0444050508020010001005007055500402010022030005060500012400200304440505 802001000100500705550040201002203000506050001240020030444050508020010001 2001000100500705550040201002203000506050001240020030444050508020010001 005007055500402010022030005060500012400200304440505080200100010050070555 0070555004020100220300050605000124002003044405050802001000100500705550 004020100220300050605000124002003044405050802001000100500705550040201002 2010022030005060500012400200304440505080200100010050070555004020100220 203000506050001240020030444050508020010001005007055500402010022030005060 0506050001240020030444050508020010001005007055500402010022030005060500 500012400200304440505080200100010050070555004020100220300050605000124002 4002003044405050802001000100500705550040201002203000506050001240020030 003044405050802001000100500705550040201002203000506050001240020030444050 0505080200100010050070555004020100220300050605000124002003044405050802 508020010001005007055500402010022030005060500012400200304440505080200100 0001005007055500402010022030005060500012400200304440505080200100010050 010050070555004020100220300050605000124002003044405050802001000100500705 5550040201002203000506050001240020030444050508020010001005007055500402 550040201002203000506050001240020030444050508020010001005007055500402010 0220300050605000124002003044405050802001000100500705550040201002203000 022030005060500012400200304440505080200100010050070555004020100220300050 0500012400200304440505080200100010050070555004020100220300050605000124 605000124002003044405050802001000100500705550040201002203000506050001240QP375365 0030444050508020010001005007055500402010022030005060500012400200304440 2000 British Columbia Financial and Economic Review 60th Edition www.fin.gov.bc.ca Ministry of Finance and Corporate Relations Cover Photo British Columbia’s Parliament Buildings at dusk. Canadian Cataloguing in Publication Data Main entry under title: British Columbia financial and economic review. — 1994- Annual. Continues: British Columbia economic and statistical review, ISSN 0847-1525. ISSN 1201-3633 = British Columbia financial and economic review (1994) 1. British Columbia - Economic conditions - 1945– - Periodicals. 2. British Columbia - Statistics - Periodicals. 3. Finance, Public - British Columbia - Periodicals. 4. British Columbia - Periodicals. I. British Columbia. Ministry of Finance and Corporate Relations. II. Title: Financial and economic review. HC117.B7B74 330.9711’005 C95-960026-4 How to get a copy of the Financial and Economic Review This document may be found, along with other financial and economic reports on the Ministry of Finance and Corporate Relations Internet web site (www.fin.gov.bc.ca) or British Columbia Government Publications Index Internet web site (www.publications.gov.bc.ca) or BC Stats, Ministry of Finance and Corporate Relations 553 Superior Street Victoria, British Columbia Canada V8V 1X4 Message from the Minister Readers of the British Columbia Financial and Economic Review will know that this publication provides a wealth of information on the province’s economy and finances, including descriptions of the province’s people, industries, major government programs, and activities of its Crown corporations for the year. Frequent readers will also know that the publication undergoes a transformation every decade or so. It has been 10 years since the last make-over of the Review, and this year’s edition — the 60th — has undergone a major transformation. The publication has been streamlined to three chapters from seven — Chapter 1 looks at the provincial economy, demographics and industrial structure; Chapter 2 reviews provincial finances in 1999/00; and Chapter 3 provides information on provincial programs and their accomplishments in 1999/00. This restructuring has, I hope, made it a more readable product while maintaining its value as an information resource. How did we do? I encourage you to complete the enclosed survey and return it in the pre-paid self- addressed envelope. I look forward to receiving your feedback. Paul Ramsey Minister of Finance and Corporate Relations Table of Contents Table of Contents Page 1 Economic Review 1999 Overview ................................................................................................................................................................. 2 External Environment ............................................................................................................................................ 3 International Economy.................................................................................................................................................. 3 Financial Markets............................................................................................................................................................... 4 The Canadian Economy .............................................................................................................................................. 5 British Columbia Economy................................................................................................................................ 6 Introduction............................................................................................................................................................................ 6 Real GDP.................................................................................................................................................................................
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