Isn't
it strange that a government that spends a great deal of
time misrepresenting the record of the 1990s would start
its "Golden Decade" with an economic forecast
that real GDP will grow at the average rate achieved throughout
the 90s? In his budget speech Finance Minister Collin Hansen
said: "we are forecasting real economic growth of 3.1%
in 2005 and 3.0% in each of the two following years."
The
following table shows GDP for 1991 and 2000 in constant
1997 dollars. The real economic growth over those 9 years,
and on an average annual basis, is also shown in the table.
Contrary to the election rhetoric from the Campbell Liberals,
BC ranked in fourth place with 3.0% average annual real
growth. When the period 2001 through 2003 is examined, BC
slipped to fifth place with average annual real growth of
2.9%. Preliminary estimates for 2004 will not be released
by Statistics Canada until late April 2005; those estimates
will be revised in November 2005.
|
1991
GDP
billions of 1997$
|
2000
GDP
billions of 1997$
|
growth |
average
annual
growth |
| Alta |
82.925
|
121.153
|
46.1%
|
4.3%
|
| Ont |
304.468
|
429.105
|
40.9%
|
3.9%
|
| PEI |
2.335
|
3.111
|
33.2%
|
3.2%
|
| BC |
95.897
|
125.145
|
30.5%
|
3.0%
|
| Que |
166.241
|
215.424
|
29.6%
|
2.9%
|
| NB |
14.999
|
18.942
|
26.3%
|
2.6%
|
| Man |
26.339
|
32.846
|
24.7%
|
2.5%
|
| Sask |
25.219
|
31.252
|
23.9%
|
2.4%
|
| NS |
18.570
|
22.970
|
23.7%
|
2.4%
|
| NL |
10.301
|
12.322
|
19.6%
|
2.0%
|
Source:
Statistics Canada,
CANSIM table 384-0002 |