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.

Just Posted

Lefebure rebuilds his previous life in construction

Former North Cowichan Mayor enjoys the transition back to physical outdoor work

Books, books, books: many by Cowichan Valley authors mean a stack of good reading

A Niagara of books flow through our doors at the Citizen

Coming up in Cowichan: Seniors Expo, huge book sale, haunted house

Learn how to advocate for kids with special needs Free workshop How… Continue reading

Proper support lacking for those with dyslexia, says Cowichan mom

October is International Dyslexia Awareness month

North Cowichan councillor’s proposal for regional control of forests gets nod at UBCM

Recommendation from North Cowichan councillor Rob Douglas now goes to province

B.C.’s rural paramedic program expands, with home support

Advanced care ambulance staff added for six communities

BC Ferries sees steady traffic of post-Thanksgiving weekend travellers

Ferries filling up fast, sailing waits at some terminals

‘Save the kids!’ Dorian survivor tells the harrowing story of his Canadian wife’s death

Family held a funeral and placed Alishia Liolli’s remains in a niche at a cemetery in Windsor, Ont.

Okanagan woman, 91, votes at advance polls despite broken hip, shoulder and wrist

Angela Maynard has voted in almost every election during her lifetime

Heiltsuk Nation open first Big House in 120 years in northern B.C.

Opening means the community now has an appropriate space for spiritual and ceremonial events

Singh says NDP would form coalition with the Liberals to stop Tories

Singh was in a Liberal-held riding Sunday afternoon in Surrey where he was pressed about his post-election intentions

‘My heart goes out to the mother’: B.C. dad reacts to stabbing death of Ontario boy

Carson Crimeni, who was also 14, was bullied relentlessly, his dad says

BC Ferries filling up fast with post-Thanksgiving weekend travellers

Monday anticipated to be busiest day of the weekend

The one with the ‘Friends’ photoshoot: Kelowna group recreates TV show intro

A friend’s departure prompted them to create something that really says, “I’ll be there for you”

Most Read