Western Economic Diversification Canada
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Key Economic Indicators - December

  British Columbia Alberta Saskatchewan Manitoba Canada Last
Update
Gross Domestic Product
Real GDP1 (2007 $billions, forecast) $214 $292 $58 $55 $1,673 2016 (f)
% ch. from year earlier 3.0% -2.0% 0.2% 2.1% 1.5%  
 
Labour Market
Employment (SA, thousands) 2,408 2,267 568 633 18,225 Dec-16
Change from previous month 17 6.9 -1.1 1.2 53.7  
% ch. from previous month 0.7% 0.3% -0.2% 0.2% 0.3%  
% ch. from year earlier 3.1% -0.8% -1.2% -0.2% 1.2%  
 
Unemployment Rate (SA,%) 5.8% 8.5% 6.5% 6.3% 6.9% Dec-16
percentage points from previous month -0.3 -0.5 -0.3 0.1 0.1  
percentage points from year earlier -0.9 1.5 1 0.4 -0.2  
 
Regular EI beneficiaries (SA) 56,100 93,180 21,150 15,440 575,240 Oct-16
Change from previous month 1160 2,700 1190 30 2,730  
% ch. from previous month 2.1% 3.0% 6.0% 0.2% 0.5%  
% ch. from previous year 2.0% 55.3% 47.4% 4.3% 6.0%  
 
Average weekly earnings $917.99 $1,106.29 $994.94 $888.50 $953.88 Oct-16
Change from previous year $4.90 -$29.07 $4.34 $0.81 $0.16  
 
Prices
CPI (y/y) 1.6% 0.2% 0.0% 0.2% 1.2% Nov-16
CPI (y/y) previous month 2.1% 0.5% 0.8% 1.1% 1.5% Oct-16
 
Consumers and Business
Retail Sales (SA, $millions) $6,448 $6,181 $1,535 $1,589 $45,047 Oct-16
% ch. from previous month 1.8% 0.8% -0.1% 0.0% 1.1%  
% ch. from previous year 8.4% -0.7% 0.1% 2.3% 3.8%  
 
Manufacturing Sales (SA, $millions) $3,909 $5,172 $1,205 $1,468 $50,995 Oct-16
% ch. from previous month -0.5% -2.0% -1.1% 2.1% -0.8%  
% ch. from previous year 8.6% -4.4% 5.9% 4.5% 1.1%  
 
Building Permits (SA, $millions) $1,284 $1,149 $157 $188 $7,765 Nov-16
% ch. from previous month 14.7% -36.9% -8.2% -5.9% -0.1%  
% ch. from previous year 9.5% 3.0% -15.8% 16.1% 18.3%  
 
Housing Starts (SAAR, thousands) 42 27 5 4 207 Dec-16
% ch. from previous month -9.4% 6.4% 30.6% -36.7% 10.6%  
% ch. from previous year 18.8% 3.5% 5.0% -12.9% 19.9%  
 
International Trade
Merchandise Exports ($millions) $3,711 $7,648 $2,678 $1,193 $42,406 Nov-16
% ch. from previous month 6.5% 9.4% 5.2% 10.8% 4.8%  
% ch. from previous year 25.9% 13.1% 1.4% 4.2% 8.4%  
 
Merchandise Imports ($millions) $3,957 $1,950 $644 $1,618 $44,599 Nov-16
% ch. from previous month -4.7% -8.1% -11.1% -4.5% -0.9%  
% ch. from previous year 4.3% -28.6% -12.2% 2.1% 0.5%  
 
Demographics
Population (estimate) 4,773,345 4,268,929 1,155,393 1,323,958 36,443,632 Q4 2016
% ch. from previous year 1.3% 1.6% 1.6% 1.7% 1.3%  
Largest Cities (CMAs) Vancouver (2,504,340) Calgary (1,439,756) Saskatoon (304,975) Winnipeg* (793,428)   2015
  Victoria* (365,291) Edmonton* (1,363,277) Regina* (241,422)      

* Provincial Capital

[1] Real GDP at basic prices, forecast (Conference Board of Canada Provincial Outlook Spring 2016)

SA - Seasonally adjusted

SAAR - Seasonally adjusted at annual rates

Sources: Statistics Canada and Conference Board of Canada