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Economic Impact

Economic Impact Study
"30,100 direct jobs, $1.5 billion in direct wages, $4 billion in total GDP..."
An economic impact study published in April 2005 reports how the Port of Vancouver’s activities generate significant employment and business opportunities for Canadians.
Adobe Acrobat PDF File Economic_Impact_Study [PDF | 2257 KB]


Port Vancouver means jobs
The Port of Vancouver is a successful, competitive, world-class port with modern facilities and a skilled, productive labour force. The operation of the Port of Vancouver involves many different enterprises: cargo terminals, cruise terminals, industries requiring tidewater access, shipyards, tugboats, railways, trucks, shipping agents, freight forwarders, suppliers, builders, and administrative agencies.

Across Canada, Port activities generate 30,100 direct jobs, 21,200 indirect jobs and a further 17,900 induced jobs. In total, the Port of Vancouver is responsible for 69,200 jobs and $1.5 billion in direct wages.


GDP and Economic Output
Port activities generate $4 billion in total Gross Domestic Product (GDP) and $8.9 billion in total economic output. The value of the cargo moving through the Port totals $43 billion.


Taxes Generated
In 2004, economic activity at the Port generated more than $763 million in tax contributions to all levels of government. Of this, $740 million was paid by employers and employees through income taxes, fuel taxes and social insurance contributions. The VPA and its Port of Vancouver tenants paid $155 million in property taxes to municipal and provincial governments. Cruise ship passengers generated almost $15 million, mostly in hotel taxes and GST. The federal government received $411 million, 54% of total tax contributions; the provincial government $263 million, 35% of total contributions; and, municipal government $89 million, 12% of total contributions.


Tax Breakdown by Level of Government
Total Federal Government: $411.4 million
Total Provincial Governments: $262.8 million
Total Municipal Government: $88.6 million
BC Government: $200.3 million
Alberta Government: $37.6 million
Saskatchewan Government: $10.9 million
Manitoba Government: $13.6 million
Other Prov/Territories: $.3 million




Canada