Chilliwack’s economy to make steady advances

Between 2014 and 2018, Chilliwack’s economy posted strong average annual GDP gains of 3.6 per cent. Although we expect output growth to ease over the forecast, it will still expand at a steady pace of 2.2 per cent in each of 2019 and 2020 following last year’s advance of 3.1 per cent.

Key findings

• Chilliwack’s economy is anticipated to expand by a steady 2.2 per cent this year and next, after a gain of 3.1 per cent in 2018.
• Employment is set to grow by 1.5 per cent in 2019 and 2.4 per cent in 2020 following average annual job gains of 1.7 per cent between 2009 and 2018.
• The jobless rate will edge up from 4.2 per cent in 2018 to 4.5 per cent this year, then ease to 4.4 per cent in 2020.

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Source: Conference Board of Canada, Mid-Sized Cities Outlook – Economic Insights Into Select Canadian Cities, 2019