Economic impacts assessment
Last updated on September 21, 2024B.C. uses the B.C. Input-Output Model to generate regional economic dependency figures, employment and revenue multipliers. It can also be used to assess the regional impact of various projects and economic events.
On this page
The British Columbia Input-Output model (BCIOM) can be viewed as a snapshot of the B.C. economy. This Model can be used to predict how an increase or decrease in demand for the products of one industry will impact other industries, and therefore the entire economy.
We used the detailed-level Interprovincial Supply-Use tables developed by Statistics Canada. It also includes a set of computer algorithms to do the calculations required for the model’s solution.
The B.C. Input-Output Model can be used to predict how an increase or decrease in demand for the products of one industry will impact other industries, and therefore the entire economy. The current model reflects the structure of the economy in 2019. Direct, indirect and induced impacts are calculated in the input-output analysis.
The model also generates estimates of tax revenues associated with a change in the output of an industry.
BC Stats can use the B.C. Input-Output Model to help public sector organizations assess the economic impact of a specific project. Contact us for more information
Local Area Economic Profiles
The Local Area Economic Profiles are a new edition of an economic model that was previously called the Local Area Economic Dependencies. These profiles are based on a consistent economic model for 103 local areas in British Columbia. The assessment combines detailed census data with the province's macroeconomic input-output model. The toolkit provides information on rural areas and helps estimate the impact of economic changes in these local areas.
- B.C. Local Area Economic Profiles Highlights, 2023 (PDF,4MB)
- B.C. Local Area Economic Profiles Toolkit, 2023 (XLSX,.7MB)
- B.C. Local Area Economic Dependencies, 2009 (PDF, 4.9MB)
Resources
About BC Stats
Learn more about how BC Stats' supports data in B.C.
Contact us
Discuss a project, request more information, or get help through the BC Stats request system.