2019 Economic Report
2019 Table of Contents PERSPECTIVE –TRENDS OF NOTE PERSPECTIVE – TRENDS OF NOTE ...........................3-5 LIMITATIONS............................................................................. 6 YEAR IN REVIEW AND OUTLOOK ......................... 7-13 Macroeconomic Indicators BC Real GDP Growth Rate 2017/18, Exchange Rate, Unemployment Rate Infrastructure and Development Building Permits, Housing Starts, Infrastructure Investment, Major Infrastructure Projects BUSINESS ENVIRONMENT & INVESTMENT ATTRACTION ...............................14-17 Number of Businesses, Insolvency, Business Formations Skilled and Entrepreneurial Immigration PNP Applications, Skills Immigration, Entrepreneur Immigration POPULATION AND LABOUR FORCE .................18-22 n behalf of VIEA and the Population Growth, Population Distribution, Labour Economic Report Committee, I am pleased Force, Employment Rate, Participation by Region and to introduce the 2019 State of the Island Age, Employment by Industry, Share of Employment by Sector on VI and in BC Economic Report or, as we commonly call it, SOTIER. This year marks the fifth annual INDUSTRY ANALYSIS ...................................................23-44 Oedition of SOTIER and it is now established Tourism as a must read in the business and investor Visitor Indicators and Ferry Traffic communities. Manufacturing Distribution of Businesses SOTIER was first published in 2015 with a Aquaculture & Agriculture goal of providing data, analysis and insight Shellfish and Finfish Licenses, BC Aquaculture specific to Vancouver Island. The intent was Production, Distribution of Agrifoods Businesses to find reliable, repeatable data that would 2019 EDITION Island Liquor - Crafting a New Industry allow us to identify trends in the Island Forestry economy through the years. We continue Distribution of Businesses, Employment, Timber to seek new, relevant data and you will see Processing Facilities, Product and Log Cargo Volumes, some of that reflected in this year’s report.
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