Emerging Industries

In this section we'll take a brief look at what's been happening in some of the fastest-growing industries in the province. Most of these industries are still quite small, but they'll bear watching during the next few years.

Two of the three fastest growing industries are related to the high-tech sector

Many of the high-growth industries in the economy are in the business, building & other support services industry or the high-tech sector. The fastest-growing industry is business services, where employment has increased to more than five times the 1990 level. Computer systems design, and management, scientific & technical services have also seen exceptionally strong growth during this period.

Other industries in the top ten include other schools & educational support, management of enterprises, security services, motion picture & sound recording, traveling services, rental & leasing, and warehousing & storage. Employment in each of these industries has more than doubled since 1990.

In terms of GDP growth, the computer & electronic manufacturing industry has seen the biggest increase during this period, with GDP increasing to more than eight-and-a-half times the 1990 level. The miscellaneous manufacturing, leather & allied products, food & beverage manufacturing and motion picture & sound recording industries have all seen GDP more than triple during this period.