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BC Government Says Tech Industry Now Employing More Than 100,000 People in BC
Wednesday, February 22, 2017Company Profile | Follow Company
Vancouver, BC, February 22, 2017--(T-Net)--The BC Provincial Government announced that BC Stats' latest figures confirm jobs and wages in B.C's technology sector have broken a new record as B.C.'s technology industry continues to flourish.
BC Stats' Profile of the British Columbia Technology Sector: 2016 Edition shows B.C.'s technology sector remains a top provincial performer; employing 101,700 people earning a weekly average salary of $1,590 - 75% higher than the average wage in B.C., and higher than the Canadian technology sector average of $1,480/week.
B.C. also led the country in terms of job growth. Employment in the tech sector rose 2.9%, surpassing B.C.'s overall employment growth of 2.5% and national tech sector employment growth of 1.1%.
The sector now employs approximately 4.9% of B.C.'s workforce and is the third-largest tech workforce in Canada.
B.C.'s technology sector employs more people than the mining, oil and gas, and forestry sectors combined.
The gross domestic product (GDP) of British Columbia's tech sector expanded 2.4% in 2015, contributing $14.1 billion to B.C.'s overall economic output. Tech revenue climbed 5% to approximately $26.3 billion - the highest level ever recorded.
The new numbers, based on data ending December 2015, highlight the growing importance of B.C.'s technology industry to the overall economy.
Amrik Virk, Minister of Technology, Innovation and Citizens' Services
“For the fifth year in a row, B.C. has seen significant growth in its diverse technology industry. We have more technology companies than ever, with more technology workers, earning higher wages than the Canadian technology sector average. Our #BCTECH Strategy is further creating the conditions that are helping the sector continue to grow and thrive.” said Amrik Virk, Minister of Technology, Innovation and Citizens' Services.
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Joanne Whittier
Communications Manager
Ministry of Technology, Innovation and Citizens' Services
250 387-0172
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Ministry of Jobs, Economic Recovery and Innovation
Victoria (Non-Tech Sectors)
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