bc 8 sectors overview - dec.2012 (final)
TRANSCRIPT
B.C. Key Sectors OverviewNovember 2012
Financial and Employment Data Analysis
Key Sectors Definition for this Study
SectorsNAICS (North American Industry
Classification System) DefinitionAgriculture Crop and animal production (2)
-- //--Forestry Forestry, logging and support [11N] (5) -- //--
Mining Mining, quarrying, and oil and gas extraction [21] http://stds.statcan.gc.ca/naics-scian/2007/cs-rc-eng.asp?criteria=21
Gas Mining, quarrying, and oil and gas extraction [21] http://stds.statcan.gc.ca/naics-scian/2007/cs-rc-eng.asp?criteria=21
Transportation Transportation and warehousing [48-49] http://stds.statcan.gc.ca/naics-scian/2007/cs-rc-eng.asp?criteria=48-49
TechnologyInformation and cultural industries [51]
&Professional, scientific and technical services [54]
http://stds.statcan.gc.ca/naics-scian/2007/cs-rc-eng.asp?criteria=51
&http://stds.statcan.gc.ca/naics-scian/2007/cs-rc-eng.asp?criteria=54Int'll Education Educational services [61] http://stds.statcan.gc.ca/naics-scian/2007/cs-rc-eng.asp?criteria=61
Tourism Accommodation and food services [72] http://stds.statcan.gc.ca/naics-scian/2007/cs-rc-eng.asp?criteria=72
Data source: Statistic Canada (according to the table number)www.statcan.gc.ca/search-recherche/index-eng.htm
Employed Workers Distribution
These 3 sectors are estimated in half percent of forestry (according to the GDP's equivalence)
Source: Statistics Canada Table 281-0023
Employed Workers Distribution
The 8 key sectors employ
around 1/4 of workers
in BC
Similar structure (BC/Canada)
Employed Workers Distribution
Some Inversion of weights (employment / GDP)
Source: Statistics Canada Table 281-0023 (prepared by BC Stats)
Services X
Extractive Industries
Employed Workers Distribution
Labor Force per Region
in BC(2011)
Source: Work BC
Where is the growth opportunity?
Development of Job Positions in BC
Average Salaries per Sector
More qualified
Lessqualified
Development of GDP in BC
Base year
Enterprise Size X
Employment
Industrial Aggregate
152.003(or 55%)
Accommodation and Food Services
21.786(or 63%)
Educational Services
9.448(or 62%)
Information Industries & Tech Services
19.060(or 66%)
Forestry, Logging and Support
Mining, Quarrying, Oil and Gas
Transportation and Warehousing
2.122(or 16%)
Accumulated Growth per Sector
Accommodation and Food Services
Base year
Educational Services
Base year
Information Industries & Tech Services
Base year
Forestry, Logging and Support
Base year
Mining, Quarrying, Oil and Gas
Base year
Transportation and Warehousing
Base year
Special Aggregations-Tourism-High Technology
Data source: BC STATshttp://www.bcstats.gov.bc.ca/StatisticsBySubject/Economy/EconomicAccounts/SatelliteAccounts.aspx
Tourism
Base year
Tourism – GDP (2011)
Responsible only for 1/6 of the 36% (food service = 5/6)
High Technology
Base year
High Technology - GDP
???
High Technology - Narrow View
Matrix of GDP & Employment
Matrix Example - Tourism
Matrix Example - Tourism
Matrix Example - Tourism
New Indexes via Matrix
Total GDP of 25,8% Total employment
percentage of 21,6%
Some Conclusions
Some Conclusions Low relevance for the employment and economy (around 20% / 25%), but it is a snapshot using the data from
the past. The analyze about the opportunities and strengths can show that the potential of these sectors are superior.
Sectors essentially in the SERVICE segment tend to have high employment participation and a lower GDP (the exception is financial services). In Sectors essentially extractivist (Mining, Gas, Forestry) is the inverse (low Jobs, high GDP)
The % of employed workers are much higher in Mailand/Southwest (62%) and including another one they are responsible for roughly 80% of all the BC labor force. Interesting information to cross with the amount of money and efforts applied on the BCIC regional programs. Maybe the minor regions are irrelevant or maybe the potential of growth is there and not in Mainland.
In the Forestry and Information & Tech Industries the different trend of Salary Index (increasing) and Employment (decreasing), can represent applied innovation and automation of processes, consequently resulting in less headcounts, but now more specialized and well paid. In the mining industry the trend is the opposite, but probably it represents only the 9 new mines opened in the period (demanding more miners).
Checking the GDP line, the sector less shaken by the 2008/2009 crisis in BC were Educational Services, what can be understood as one strength (people keep studying during the crisis). The more impacted were the commodities Forestry and Mining & Oil (based in exportation and dependent of the international market price) .
In High-Tech sector there is 36% of GDP participation (more than 1/3) allocated to other services that is important to investigate which services.
Next Steps (proposed)
Next Steps
Evaluate how the BCIC core values can be useful to
create jobs
Commercialization
Entrepreneurship
Innovation
Usually is associated with
less jobsEncourage entrepreneurship in co-operatives?
(learn more at http://coopzone.coop/en/coop_types)
Next Steps
Vectors pointing to the same direction (match expectations & roadmaps)
Sectors’ Strategic
Plans
Click the image to access each plan
Next Steps
Elect 1 or 2 strategic partner in each sector (to serve as
interlocutors and advisors)
Define the metric and
measure the quarterly results.Order the official data from
Statistic Canada, by $250
Better shape the definition of each sector and identify the
overlapping areas
Use matrix to help identify opportunities and connections
with BCIC core business
Analyze data of category and region together to drive
investments in regional partners
Detailed Explanations
CHAINED (2002) DATA & CONSTANT (REAL) DOLLAR ESTIMATES
http://guidetobceconomy.org/bcs_economy/what_do_you_mean.htm#chained
HOURLY EARNING INDEX = Fixed weighted index of average hourly earnings for all employees (SEPH), excluding overtime, unadjusted for seasonal variation.(index, 2002=100).
AVERAGE HOURLY EARNING = Average hourly earnings for salaried employees (paid a fixed salary) (SEPH), including overtime. (current dollars).
Sources of Research
www.statcan.gc.ca/search-recherche/index-eng.htm
www.bcstats.gov.bc.ca/StatisticsBySubject/Economy/EconomicAccounts/SatelliteAccounts.aspx
www.bcstats.gov.bc.ca/StatisticsBySubject/Economy/EconomicAccounts.aspx
www.bcjobtrendtracker.ca/lmf/forecast
www.workbc.ca/
www.ic.gc.ca/eic/site/061.nsf/eng/02724.html
Pedro Maranhao
http://about.me/pedromaranhao
Thank You