The B.C. Forest Industry generated $32.96 billion in output and $12.94 billion in GDP to the province. The payments of municipal, provincial and federal taxes resulting from the industry's operating activities, as well as other payments to the provincial government, totalled $4.12 billion.
How much money does the forestry industry make in BC?
Specifically, the study says that, in 2019, the provincial forest sector supported more than 100,000 jobs, generated more than $13 billion in gross domestic product (GDP) and nearly $8.5 billion in wages, salaries, and benefits.
How much of BC economy is forestry?
The B.C. Forest Industry is a cornerstone of the provincial economy, generating an estimated $12.9 billion contribution to the total provincial GDP. The B.C. Forest Industry exported $13.7 billion worth of forest products in 2016, accounting for 34% of all provincial exports.
How much money does Canada make from forestry?
The forest sector generated about $1.9 billion in revenue for provincial and territorial governments in 2018. The forest sector contributed about $23.7 billion to Canada's nominal gross domestic product (GDP) in 2019. The value of Canadian forest product exports is about $33 billion (2019).
What is the BC logging industry worth?
The B.C. Forest Industry generated $32.96 billion in output and $12.94 billion in GDP to the province. The payments of municipal, provincial and federal taxes resulting from the industry's operating activities, as well as other payments to the provincial government, totalled $4.12 billion.
What is the biggest industry in BC?
Today however, B.C.'s economy is more diverse, with service industries accounting for the largest portion (75%) of the province's gross domestic product (GDP).
Are forestry jobs in demand?
Overall employment of conservation scientists and foresters is projected to grow 7 percent from 2020 to 2030 , about as fast as the average for all occupations. About 4,000 openings for conservation scientists and foresters are projected each year, on average, over the decade.
Is the forestry industry growing?
The global forestry and logging market size reached a value of nearly $535.96 billion in 2020 , having increased at a compound annual growth rate (CAGR) of 0.8% since 2015. The market is expected to grow from $535.96 billion in 2020 to $726.51 billion in 2025 at a rate of 6.3%.
Which forest cover more than 40% land in Canada?
Approximately 80 per cent of Canada's forested land is in the immense boreal forest region , swinging in an arc south from the Mackenzie River Delta and Alaskan border to northeast British Columbia, across northern Alberta and Saskatchewan, through Manitoba, Ontario and Québec, terminating in northern Newfoundland on ...
How much of Canada's wood comes from BC?
BC's forests, primarily the interior, contribute to 50% of Canada's softwood production while Alberta forests contribute 15%. BC exports more softwood lumber to the United States (US), by quantity (50%) and value (55%), than any other province.
Why is there Deforestation in British Columbia?
That economic imbalance between forestry and conservation is being partly driven by the wood pellet industry , which experts say accounts for 10% of BC's wood consumption in either lumber waste, diseased trees and whole trees less valuable as timber, but valuable as standing forests, carbon sinks and biodiversity havens ...
Where does lumber come from in BC?
BC's forests, primarily the interior, contribute to 50% of Canada's softwood production while Alberta forests contribute 15%. British Colombia and Alberta softwood mills turn the softwood into lumber, while Ontario and Québec softwood mills focus on making pulp and paper.
What are the most important industries in BC?
- Agriculture.
- Construction.
- Film and Television.
- Fisheries & Aquaculture.
- Forestry.
- High Technology.
- Manufacturing.
- Mining.
What is BC biggest export?
In 2020 the top exports of British Columbia were Wood ; coniferous species, other than of... (C$ 5.39B), Bituminous coal, not agglomerated (C$ 4.1B), Copper ores and concentrates (C$ 3.44B), Natural gas in gaseous state (C$ 2.55B), and Chem wood pulp, soda or sulphate,... (C$ 2.32B).
Where does BC get its money?
Taxes provided 57 per cent of the province's revenues in 2019-20. The rest came from “non-taxation revenues.” They consist of cash transfers to B.C. from the federal government , the net earnings of provincial Crown Corporations, natural resource royalties, and a grab-bag of fees and charges.
