Economic Data & Reports

The Halifax Partnership measures growth in Halifax by tracking key economic indicators that detail trends affecting Halifax's business climate.

Halifax Quarterly Economic Highlights - April 2017 

  • 2017 is forecasted to be another solid year for economic growth in Halifax. The Conference Board of Canada is forecasting GDP growth of 2.4%, tying it for sixth amongst 28 Canadian cities.

  • The first quarter showed that the labour force is tightening, with the unemployment rate decreasing by 0.6 percentage points and the labour force participation rate decreasing by 0.9 percentage points. 

  • According to Halifax Partnership's Business Confidence Index, Halifax scored a record rating for business confidence in 2017. 

    View the full April 2017 Halifax Economic Report »

Indicator Units  Period 2016 2017  Change 
Labour Market
Real Gross Domestic Product (GDP) at basic prices $millions (2007) Annual 18,579 19,030(f)  2.4%
Population 000's Annual 423 430(f)  1.4%
Employment  000's Jan-Mar 223.5 225.2  0.8%
Unemployment % Jan-Mar 6.7% 6.2%  -0.6 pts
Labour Force 000's Jan-Mar 239.7 240.0  0.1%
Participation Rate % Jan-Mar 68.2%
67.3% -0.9 pts
 Consumer Markets
Average Weekly Earnings  Current $ Jan-Feb 882 873  1.0%
Consumer Price Index Index (2002) Jan-Mar 128.5 130.5  +2.0 pts
Retail Sales $millions Jan-Feb 1,196 1,233  3.1%
Aircraft Passengers  000's Jan-Mar 794 812  2.4%
Cruise Ship Passengers 000's       -      -       -        -
Containerized Cargo  000's TEUs Annual 114.4 130.8  14.3%
Housing & Construction Markets 
Housing Starts  - Jan-Mar 357 494  38.4%
Housing Resales  - Jan-Feb 602 533 -11.5%
Value of Building Permits $millions Jan-Feb 110.5 164.7 49.1%
Non-Residential Construction $millions (2007) Jan-Mar 91.8 51.2 -44.2%
(f) - Forecasted Data
Sources: Statistics Canada, Canada Mortgage and Housing Corporation, Conference Board of Canada, Halifax International Airport Authority, Port of Halifax

Notes: Labour Force statistics are seasonally adjusted and the 3-month moving averages for the period. Investment is also seasonally adjusted. f = forecast.

For more detailed economic information, click on the links below, view the latest Economic Snapshot or download the Halifax Index

Economic Strategy

The Halifax Economic Growth Plan 2016-21 sets out a bold vision for the future. A vision that sees Halifax taking its place as the economic engine for the region.

Learn more about the Growth Plan

Research & Reports

The Halifax Partnership provides existing businesses and potential investors with research and analysis. See our latest reports here.

More on Research & Reports

Halifax Index

Our signature report tracks our progress towards many different indicators and our special analyses tackle two of our most pressing issues – the need for immigration and Halifax's commercial tax system.

Read the 2017 Halifax Index

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