Western Economic Diversification Canada
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Key Economic Indicators

  British Columbia Alberta Saskatchewan Manitoba Canada Last
Update
Gross Domestic Product
Real GDP1 (2007 $billions, forecast) $216 $288 $58 $56 $1,674 2017
% ch. from year earlier 3.4% -2.2% -1.5% 1.7% 1.5%  
 
Labour Market
Employment (SA, thousands) 2,419 2,268 568 634 18,273 Jan-17
Change from previous month 11.2 0.2 -0.7 1.3 48.3  
% ch. from previous month 0.5% 0.0% -0.1% 0.2% 0.3%  
% ch. from year earlier 3.5% -0.4% -1.0% 0.9% 1.5%  
 
Unemployment Rate (SA,%) 5.6% 8.8% 6.4% 6.1% 6.8% Jan-17
percentage points from previous month -0.2 0.3 -0.2 -0.2 -0.1  
percentage points from year earlier -1 1.4 0.8 0 -0.4  
 
Regular EI beneficiaries (SA) 54,950 97,870 20,150 15,780 568,790 Dec-16
Change from previous month -900 1,650 -750 80 -3,190  
% ch. from previous month -1.6% 1.7% -3.6% 0.5% -0.6%  
% ch. from previous year 1.5% 56.1% 27.8% 2.9% 4.0%  
 
Average weekly earnings $933.75 $1,129.62 $1,010.37 $898.69 $971.00 Dec-16
Change from previous year $8.16 -$16.98 $18.27 $5.57 $11.27  
 
Prices
CPI (y/y) 2.3% 2.5% 1.6% 2.1% 2.1% Jan-17
CPI (y/y) previous month 1.9% 1.0% 0.6% 1.1% 1.5% Dec-16
 
Consumers and Business
Retail Sales (SA, $millions) $6,333 $6,264 $1,588 $1,600 $44,912 Dec-16
% ch. from previous month -0.3% 1.1% 1.2% -0.1% -0.5%  
% ch. from previous year 7.2% 1.8% 3.5% 3.1% 4.3%  
 
Manufacturing Sales (SA, $millions) $3,965 $5,618 $1,320 $1,467 $53,462 Dec-16
% ch. from previous month -1.5% 2.9% 5.4% -4.5% 2.3%  
% ch. from previous year 8.8% 8.1% 12.2% 2.9% 3.5%  
 
Building Permits (SA, $millions) $959 $827 $143 $193 $7,168 Dec-16
% ch. from previous month -23.5% -24.3% -8.2% 5.8% -6.6%  
% ch. from previous year -26.5% -28.6% -38.4% -7.5% 1.4%  
 
Housing Starts (SAAR, thousands) 29 19 4 9 207 Jan-17
% ch. from previous month -30.9% -28.8% -21.7% 120.3% 0.5%  
% ch. from previous year -17.2% -18.9% -9.5% 69.2% 19.0%  
 
International Trade
Merchandise Exports ($millions) $3,928 $7,964 $2,547 $1,200 $41,652 Dec-16
% ch. from previous month 4.4% 4.3% -4.8% 0.8% -1.7%  
% ch. from previous year 33.9% 9.2% -1.4% 0.3% -1.2%  
 
Merchandise Imports ($millions) $3,867 $2,255 $733 $1,612 $41,952 Dec-16
% ch. from previous month -2.4% 16.2% 13.6% -0.8% -6.0%  
% ch. from previous year 4.1% -1.4% 0.4% -3.0% -4.1%  
 
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 (2,463,431) Calgary (1,392,609) Saskatoon (295,095) Winnipeg* (778,489)   2016
  Victoria* (367,770) Edmonton* (1,321,426) Regina* (236,481)      

* 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