B.C.’s tech sector growing revenues, GDP faster than other provinces

British Columbia’s tech sector has earned its first “A” grade in economic performance indicators when compared with other Canadian provinces’ tech sectors, in the British Columbia Technology Report Card, published every other year by the BC Tech Association and KPMG. The report card rates the performance of B.C.’s tech sector in provincial and global economies, as well as its potential to grow. Revenues and GDP in B.C.’s tech sector are growing faster than tech sectors in other provinces, according to the report. On sector input indicators, however, B.C.’s tech sector received a “B-,” due to a tech talent shortage and not enough tech companies scaling up beyond the startup stage. Overall, B.C.’s tech sector was awarded a “B” grade versus other provincial tech sectors, up from a “B-” in the previous report. B.C.’s tech accounts for 7% of the provincial economy and is ranked first among the province’s industries in terms of growth. During the last two years, the tech sector’s revenues have increased by 11%.