B.C. excels in societal well-being, lacks in economic prosperity: report

B.C. excels in societal well-being, lacks in economic prosperity: report

Meanwhile, Canada as a whole placed 15th overall while California placed first

B.C. may be one of the leaders when it comes to overall societal well-being when compared to a number of first-world regions, but a new report suggests that much improvement to the province’s business and economic environment is needed.

According to the Business Council of B.C.’s annual prosperity index report, released Tuesday, B.C. ranks 11th overall among a total of 21 jurisdictions, including California, Alberta and Japan.

Canada as a whole placed 15th overall while California placed first.

B.C.’s mediocre score is due to a below-average ranking of 15 out of 21 when it comes to the province’s productivity and innovation, as well as the amount of business investments, the report reads.

READ MORE: Victoria seventh most youth-friendly Canadian city, national index says

Meanwhile, the province placed 10th in economic well-being, which compared the average household disposable income, unemployment rates and housing affordability.

B.C. did excel for life expectancy, the state of natural environment and income inequality, the report reads, placing seventh overall for its societal well-being.

So what is the takeaway of B.C.’s progress? Business Council CEO Greg D’Avignon said its that the province’s quality of life can be improved if it becomes a more attractive place for investment, in turn spurring innovation and boosting productivity.

“The data shows that we have room to improve in several areas. However, this ranking is not indicative of our potential,” he said. “B.C has advantages that we should be leveraging, including our highly educated and diverse population and rich base of natural resources.”

The B.C. Prosperity Index is a data-driven study based on research by Dr. Andrew Sharpe and his colleagues at the Centre for the Study of Living Standards in Ottawa. This year’s rankings were based on data obtained from 2017, the most recent statistics available publicly.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Two of the weapons seized in a Nov. 8 traffic stop in Black Creek. Photo supplied by RCMP
RCMP seize guns, drugs in Black Creek traffic stop

Two arrested in connection with incident

Canadian Tire Courtenay’s Owner Bert Heeringa and General Manager Keith Pistell displaying the donated sanitizer. Photo supplied.
Courtenay Canadian Tire donates 2,400 litres of hand sanitizer to local not-for-profits

Organizations can request sanitizer via the Comox Valley Community Foundation

Christmas will look a bit different in Cumberland this year, not only because of COVID restrictions but due to changes from BC Hydro about hanging decorations on the poles. Record file photo
Snowflakes a no-go for Cumberland’s power poles

Village, business association looking to promote shopping local for holidays

The Trenton Golden Hawks are changing their name and uniform for one game on Nov. 27 as they become the Trenton Snowbirds for one game to honour Capt. Jennifer Casey. Twitter photo
Hockey team honouring fallen Snowbird with Comox Valley connection

The Trenton Golden Hawks will become the Trenton Snowbirds for one game

A late-blooming Welsh poppy gave the Cox garden some unexpected colour last month. Photo by Leslie Cox
DUCHESS OF DIRT: La Nina signs not necessarily steeped in science

LESLIE COX Special to The Record I am beginning to think climate… Continue reading

A man wearing a face mask to help curb the spread of COVID-19 walks in downtown Vancouver, B.C., Sunday, Nov. 22, 2020. The use of masks is mandatory in indoor public and retail spaces in the province. THE CANADIAN PRESS/Darryl Dyck
B.C. records deadliest day of pandemic with 13 deaths, 738 new COVID-19 cases

Number of people in hospital is nearing 300, while total cases near 30,000

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

3L Developments president Dave Dutcyvich is pictured during a 2018 meeting at the regional district boardroom. File photo
Denied developer prefers not to log Comox Valley land: Planner

At its inaugural meeting Tuesday, the Comox Valley Regional District board refused… Continue reading

(File photo)
Alberta woman charged after allegedly hitting boy with watermelon at Okanagan campsite

Police say a disagreement among friends at an Adams Lake campsite turned ugly

Court of Appeal for British Columbia in Vancouver. (File photo: Tom Zytaruk)
B.C. woman loses appeal to have second child by using late husband’s sperm

Assisted Human Reproduction Act prohibits the removal of human reproductive material from a donor without consent

Krista Macinnis displays the homework assignment that her Grade 6 daughter received on Tuesday. (Submitted photo)
B.C. mom angry that students asked to list positive stories about residential schools

Daughter’s Grade 6 class asked to write down 5 positive stories or facts

B.C. projects targeting the restoration of sockeye salmon stocks in the Fraser and Columbia Watersheds will share in $10.9 million of federal funding to protect species at risk. (Kenny Regan photo)
13 projects protecting B.C. aquatic species at risk receive $11 million in federal funding

Salmon and marine mammals expected to benefit from ecosystem-based approach

Most Read