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

Comox Museum exhibits available for online viewing

Visit all the Comox Museum exhibits from your home, on its website

Classes in Comox Valley to look a little different in June

School district senior staff has been busy prepping for re-opening

Rotarians clean up the beach at Goose Spit in Comox

Newest Rotary club in area hopes to make it an annual event

Cumberland signs on for region’s compost program

The Village has been involved with a pilot compost program since 2012

VIDEO: Injured bald eagle rescued in B.C. First Nations community

Bird suspected injured in fight, whisked off to Coquitlam rehab

Comox Valley business map offers information on local eateries, grocery stores and more

Search and click for hours and services offered during the COVID-19 pandemic

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

Toronto Raptors’ Ujiri says conversations about racism can no longer be avoided

Thousands have protested Floyd’s death and repeated police killings of black men across the United States

‘I’m afraid’: Witnesses of wolf attack on senior near Prince Rupert worried about safety

Frank Russ shows where the unprovoked wolf attacked his father

Protesters prepare to rally against racism in front of Vancouver Art Gallery

Rally is in response to the deaths of black Americans and a Toronto woman

Man dies in ATV accident south of Nanaimo

Incident happened on backroad Friday night in Nanaimo Lakes area

Protesters rally against anti-black, Indigenous racism in Toronto

Police estimated the crowd to be between 3,500 and 4,000 and said there was no violence

Most Read