BC Monthly Real GDP Estimate for July 2025 & Preliminary Estimate for August 2025

The BCREA Nowcast estimate of provincial economic growth (expressed as year-over-year growth in real GDP) for July was 1.3 per cent. For comparison, year-over-year growth in the Canadian economy in July was 0.9 per cent. Our preliminary estimate for August shows year-over-year growth of 1.6 per cent versus 0.9 per cent for Canada. Through the first eight months of 2025, we are tracking BC real GDP growth at 1.5 per cent. 

At a regional level, growth slowed in most markets, though it improved in the Thompson-Okanagan region for a second consecutive month. The Northern and Kootenay regions remain the weakest of the province, reflecting enhanced pressure from tariffs on the natural resource sector.