Revenues from high-tech companies in BC rose 3.5% to more than $23 billion in 2012.
According to a BC Stats report released this week, the sector’s share of BC’s GDP grew by over 3% and now employs more than 84,000 people, who made nearly 8% more money in 2012 and saw their total pay rise to over $6 billion—a new record.
“In general, BC’s high technology sector tends to outperform the general economy and 2012 was no exception,” reads the report.
In BC, tech is a great space to work in. The report shows that the average salary in the province’s tech industry is well over $1,400 per week, far above the BC average of less than $900.
“High technology firms tend to be innovative and efficient, creating goods and services that confer benefits on other parts of the economy by improving productivity and profitability, while at the same time providing relatively high-wage employment,” reads the report. “The province is home to high tech clusters in areas such as digital media and biotechnology that are among the best in the world.