The Stability in the Vancouver Economy

Those who live and work in Vancouver are going to be concerned about the economy of the city on an ongoing basis. But the economy is also important for those that want to visit and vacation here or do business. For this reason, it is important to keep up with how the economy in Vancouver is doing

Past Growth

All one has to do is look back over the last few years keeping the economy of Vancouver in mind to understand how stable this city is. It is a city that is certainly expensive to live in but even so the Vancouver economy continues to thrive each year. Going back to 2015 Vancouver saw an expansion in manufacturing. Every time an event such as this takes place then it bolsters the economy.

Present Growth

A city can sustain itself on past economical growth for a good period of time, but it cannot afford to stand still. Vancouver has no intention of doing that. Which has been proven by the 2018 findings. The province was noted for its growth in2016 as well as 2017 and 2018 is setting the same pattern.

Efficiency

Growth, of course, is the leading factor in economic stability but what really supports it is efficiency. BC is not lacking in this either. It has been rated as the third province in Canada for efficiency.

What Stands Out?

Every industry plays an important role in the economy of a city or province. In BC for this current year, the growth is being noted in the information industry as well as the cultural sector.

Tourism

Tourism is highly important to BC which includes Vancouver. With a good economy it means the city can put more money into their tourism efforts. Which in turn spurs this industry into growth.

Leave a Reply