Teck contributed $20 billion to global GDP in 2022

Teck Resources (TSX: TECK; NYSE: TECK) contributed $20.1 billion in total economic contribution to global GDP, created or sustained over 214,000 jobs, made payments of $10.4 billion to suppliers, and contributed $5.1 billion in taxes, according to the company’s annual economic contribution report.

The report, prepared by Deloitte, says Teck’s operations contributed $10.9 billion to Canada’s GDP, which included $3.7 billion in labour income, payments of $4.7 billion to Canadian suppliers, and approximately 65,360 jobs created or sustained.

In the United States, the report credits Teck with contributing $2.2 billion to the United States’ GDP, which included $840 million in labour income, payments of $1.8 billion to US suppliers, and approximately 11,620 jobs created or sustained.

Additionally, Teck’s operations are reported to have contributed $3 billion to Chile’s GDP and $1.4 billion to Peru’s GDP.

“Our people are proud to contribute to the communities and jurisdictions where we operate through creation of family-supporting jobs, economic activity and revenue to governments to support essential services like education and healthcare,” Teck CEO Jonathan Price said in a news release.

“These economic contributions are directly linked with our work to responsibly provide critical minerals essential to modern society and for the global transition to a low-carbon economy,” Price said. 

Read the report here.