Tyee Poll: Can you correctly guess BC's biggest industry?
SFU Public Square holds its 2013 Community Summit from September 28th – October 4th, on the theme of 'Charting B.C.'s Economic Future.'
Building towards a more equitable, resilient and robust economic future for all British Columbians is critical, and in an increasingly competitive global economy, no small feat.
Of course, to chart the future you need a solid understanding of the present. So, Tyee readers...
Correct Answer: BC's largest industry sector by percentage of overall GDP is Financial Services (e.g. finance, insurance, real estate.)
It alone accounts for approximately a quarter of provincial GDP. The industry covers services provided by consumer loans, mortgages, and credit companies, as well as establishments that sell, rent or lease housing and other property, and savings vehicles like pension funds and trusts.
The second largest industry by percentage of GDP is Wholesale and Retail Trade.
Want to geek out with more info?
- Ministry of Advanced Education and Labour Market Development, and BC Stats' A Guide to the BC Economy and Labour Market, 2010.
- SFU Public's Square's Academic Roundtable Report on BC Economy.
- SFU Public Square's Discussion Guide for those wanting to host a 'Community Conversation' about BC's economic future. Register here.
