When B.C. Premier David Eby campaigned in the lead-up to the province’s October election, he touted how well B.C.’s economy was performing compared with peers.
That outperformance could be about to change.
BC Stats data shows B.C.’s real gross domestic product (GDP) grew by 2.4 per cent in 2023—faster than any other province.
Data for 2024 is not yet available but economists say a period of underperformance is likely to start in 2025.
Central 1 Credit Union chief economist Bryan Yu told BIV that B.C.’s economic outperformance is threatened by workers having completed large capital projects.
“Our GDP is about 11 per cent higher than pre-pandemic and the number for
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