Economy of Vancouver
Economy of Vancouver, British Columbia, Canada
Vancouver's economy is one of the most vibrant in Canada. The British Columbian city is Canada's official gateway to the Pacific Rim, a major port, and the main western terminus of transcontinental highway and rail routes. Vancouver has successfully transitioned from a predominantly resource-based economy to a diverse knowledge-based one, and in recent years has been the fastest growing economy in Canada. According to the Conference Board of Canada, in 2017 Vancouver's GDP was CA$137 billion, with a GDP growth rate of 4.5%, meaning that Vancouver represents approximately 7.5% of Canada's overall economy. Major economic sectors include trade, film and TV, technology, tourism, natural resources, and construction.
International trade
International commerce and trade is a key sector for Vancouver's economy. The city has Canada's largest port and is one of North America's major gateways for pan-Pacific trade. The Port of Vancouver ranks first in North America in total foreign exports and second on the west coast in total cargo volume. The Port of Vancouver is Canada's largest and most diversified port, landing and transferring more than 142 million tons of cargo, valued at $200 billion. The Port of Vancouver supports 115,300 jobs in Canada and provides $1.4 billion a year in tax revenues.
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This entry incorporates text from “Economy of Vancouver” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.