As longtime students of the B. This trend is being reinforced by digitalization and the adoption of other information and communications technologies. In recognition of the growing economic significance of services, Statistics Canada has improved the tracking and reporting of service exports since the mids. Data is now robust enough to allow us to quantify the place of services in provincial exports.
Unfortunately, the most recent detailed provincial data on exports of services is for The story told by the B. First, B. Given this, it is not surprising that services feature very prominently in the list of B. That B. As an appealing destination for international tourists, B. Exports of information and cultural services are also substantial and growing, due mostly to the rapid expansion of film and television production β which is captured in the category of cultural services.
Growth patterns suggest the economic contributions made by tradable services will continue to climb. Over the decade ending in , B. Growth in some services segments has been especially impressive.
Exports of digital services are also on the rise. The oversized role of tourism in recent years is evidenced by the fact that B. Unfortunately, this major source of B. A review of the data confirms that the broad tradable services sector supports many high-paying B.
For a small market like B. The province benefits greatly from the economic activity and spinoff benefits that flow from the presence of globally competitive export-oriented industries. Join our Newsletter. Home News Commentary Export of services plays a strong and growing role in B.
