BC Monthly Real GDP Estimate for January 2021 & Preliminary Estimate for February 2021 (Updated: March 31, 2021)
The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for January 2021 is 1.4 percent. We have also included a preliminary estimate for February 2021 of 2 percent. Because the BCREA Nowcast is a year-over-year measure, we expect to see very large growth in coming months due to base-year effects as strong incoming 2021 data is compared to the lowest point of 2020 during the initial stages of the COVID-19 pandemic.
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