Business and Economic Research Branch provides research, analysis and reports to support a broad understanding of the economy and the assessment of its impacts on Yukon's fiscal position, budgetary projections and financial decision making.
The Yukon Economic Outlook - January 2015 documents how Yukon’s economy is performing today, and provides a forecast for future growth. It includes data relating to gross domestic product (GDP), population, labour, consumer prices and retail trade. It also provides information on various industry sectors such as construction, tourism, oil and gas and mining.
This forecast provides a detailed, short-term forecast for 2014 and 2015, and a medium-term outlook out to 2019.
Like all forecasts, the results depend on the information available at the time and the key assumptions used. Careful consideration was taken when developing the key assumptions for the current forecast, such as the level and timing of mining development activity, estimates of annual mineral production or the amount of construction spending.
Forecast for 2014
Forecast for 2015
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Yukon’s mining sector has recorded substantial growth in recent years, which has translated into strong economic growth for the territory. Specifically, mining sector activity has been a contributing factor for growth in the service sector, gains in retail sales and increased employment in recent years.
With the potential for further impacts associated with mining activities in the future, the Department of Economic Development recognized the need for a current, comprehensive piece of work that examines Yukon’s mining sector. Research Northwest was contracted to do this work.
This report – Yukon Mining Sector Profile – provides a useful overview of Yukon’s mining sector, including a thorough discussion of the history of mining in Yukon, recent trends in the global mining sector, as well as potential risks and opportunities associated with future mine development in Yukon. The report demonstrates that, while mining investment is largely contingent on global prices for commodities, there is a key role to be played by jurisdictions in establishing a framework that encourages investment. Yukon is described as one such jurisdiction. The report also presents a preliminary understanding of potential performance measurements, the mining supply chain and possible models for economic impact analysis related to the sector.
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A review of the barriers, benefits, and incentives to residency in Yukon explored within the current context of commuter mines.
The results of a preliminary examination into non-resident workers in Yukon’s mining sector, and how they may be encouraged to instead reside within the territory, has been released. This project sought to identify possible barriers to residency for Yukon-based workers – from the perspective of non-resident workers – and consider options to address these barriers. This discussion paper lays the groundwork for future industry-government dialogue on this important issue.
The project was completed for Business and Economic Research by ECOFOR - natural and cultural resource consultants.
Download the document here.
For more details, please visit our Economic Statistics Page.
To contact the Business and Economic Research Branch please email firstname.lastname@example.org