BC Monthly Real GDP Estimate for June 2021 & Preliminary Estimate for July 2021 (Updated: August 31, 2021)
The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for June 2021 is 8.9 percent. For comparison, year-over-year growth in the Canadian economy in June was 8 percent. We have also included a preliminary estimate for July 2021 of 7.1 percent. Growth in BC remains very strong compared to this time last year but continues to decelerate as base-year effects fade and uncertainty due to the ongoing COVID-19 pandemic constrains some economic activity. The average annual growth for the first half of 2021 is estimated to be 7 percent.
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