Victoria indicatorsAll measures Business and jobs
Size of the economy (GDP)
$27.0B current dollars
No target expected. This is a context measure. Governments forecast the size of the economy; they do not set a target for it here. Targets and comparisons
Source: Statistics Canada. We read it on Nov 12, 2026.
Over time
GDP, Greater Victoria (millions of current dollars)
2022 Million dollars, by year
- 27,024 million dollars
GDP, Greater Victoria (millions of current dollars)
2022 Million dollars, by year
- 27,024 million dollars
GDP, Greater Victoria (millions of current dollars)
2022 Million dollars, by year
- 27,024 million dollars
Targets and comparisons
Context measure: no target expected
Context measure: no target expected. Governments forecast the size of the economy; they do not set a target for it here.
Show the numbers as a table
| Period | Greater Victoria |
|---|---|
| 2022 | 27,024 |
| 2021 | 24,285 |
| 2020 | 22,517 |
| 2019 | 22,758 |
| 2018 | 21,509 |
| 2017 | 20,464 |
| 2016 | 19,656 |
| 2015 | 18,981 |
| 2014 | 18,076 |
| 2013 | 17,400 |
| 2012 | 17,196 |
| 2011 | 16,364 |
| 2010 | 16,216 |
| 2009 | 16,067 |
Who decides
No government decides this directly. The bodies below decide the rules around it.
Show all 1 bodies and the laws
No government decides this directly. Businesses, workers and households produce it.
| Body | What it decides | Law or bylaw | Last decision | Next decision |
|---|---|---|---|---|
| Bank of Canada | Sets and publishes the minimum rate at which it lends, as part of its job to regulate credit and currency. | Bank of Canada Act, s. 21 Bank of Canada Act, preamble | Rate set at 2.50% on October 28, 2026 | Next scheduled announcement December 9, 2026 |
Each row says what a body decides and links to the law, order or bylaw that gives it that role. It does not say who caused a change: markets, households and other governments also move these numbers. Who decides what, for every measure · How we choose
What this number does not show
- Gross domestic product at basic prices in current dollars, as Statistics Canada estimates it for metropolitan areas. No inflation-adjusted series is published for Greater Victoria, so part of each year’s change is higher prices.
One more limit
- The latest year is 2022: these estimates come out about three years after the year, so they say little about today.
Not measured yet in business and jobs: empty storefronts downtown, cleanliness and needle pick-up requests. See all 18 gaps
In plain words
Up 11% in a year. Up 32% since 2017.
Gross domestic product at basic prices for the Victoria metropolitan area, in current dollars, as Statistics Canada estimates it. The latest year is three years back.
How we decide “Rising”
Current dollars mix real growth with price increases, so the change is shown for context. The change is 11.3% of the earlier value, at or above the 5% threshold.
$27,024 million in 2022 against $24,285 million in 2021 (+11.3%, current dollars). B.C.: +12.5%.
Outcome measures read Better, Worse or About the same; published government targets read Ahead of, On or Behind target; value-judgement measures read Rising, Falling or Steady in a neutral colour. A change smaller than the agency's own margin of error, or otherwise smaller than 5% of the earlier value, is About the same (or Steady). No change is calculated across a marked break in a series. The rule.
All notes on this number
Why it matters. It sums up how much the local economy produces. It is shown for context, without a better or worse label.
- Gross domestic product at basic prices in current dollars, as Statistics Canada estimates it for metropolitan areas. No inflation-adjusted series is published for Greater Victoria, so part of each year’s change is higher prices.
- The latest year is 2022: these estimates come out about three years after the year, so they say little about today.
- GDP counts the value of production, not how it is shared or how people are doing.
Which places
Area: Greater Victoria (CMA)
Statistics Canada’s Victoria metropolitan area: 13 municipalities plus nearby electoral-area and reserve lands.
Included
- Victoria
- Saanich
- Oak Bay
- Esquimalt
- View Royal
- Langford
- Colwood
- Highlands
- Metchosin
- Sooke
- Central Saanich
- North Saanich
- Sidney
- Juan de Fuca electoral area, part 1 (for example East Sooke, Jordan River and Shirley)
- First Nations reserves: Cole Bay 3, Union Bay 4, East Saanich 2, South Saanich 1, Becher Bay 1, Esquimalt, New Songhees 1A and T'Sou-ke
Not included
- Salt Spring Island
- Southern Gulf Islands (Galiano, Mayne, Pender and Saturna islands)
- Port Renfrew area (Juan de Fuca electoral area, part 2)
Official definition
How the agency describes it: Victoria census metropolitan area (Greater Victoria).
How we got it
This number is published by the agency as shown; it is not calculated here. The script reads it from the agency’s own file.
Licence and credits
Published under an open licence: anyone may reuse it with credit. About licences.
- Updated by agency
- Annually (December); latest release Dec 4, 2025
- Retrieved
- Nov 12, 2026, 10:22 PM B.C. time
Adapted from Statistics Canada, table 36-10-0468-01. This does not constitute an endorsement by Statistics Canada of this product.
Spot a mistake?
Email [email protected]. Fixes are listed in the corrections log.