CPABC Industry Update | Page 4

BC’s Manufacturing Sector 7,275 BILLION $42.8 BILLION $14.7 in manufacturing sales in 2014* contributed to BC’s economy from the manufacturing sector in 2014* manufacturing establishments in BC in 2014^ BC is in 4th # place $23.4 3 BILLION BC’s annual trade deficit in manufactured goods is approximately as of 2014^ # for manufacturing output in Canada^ 1 # 2 Top manufactured products in BC: wood paper finance, insurance, real estate & leasing # food 600 7,000 BC has the fourthlargest apparel sector in North America, with 600 businesses generating 7,000 jobs* construction 1 # 2 health care and social assistance # 3 manufacturing # 4 Manufacturing is the fourth-largest industry in BC and contributes nearly 7% in GDP^ page 4 42% Manufacturers represent 42% of all private sector research and development** | I N D U S T R Y U P D AT E businesses jobs