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 - July 2017

  • Housing starts in Halifax increased by 37.4% in the first half of 2017.

  • Labour force participation continues to decrease, down 1% compared to 2016.

  • The Port of Halifax continues to build on last year’s record numbers with containerized cargo increasing by 16.7% and total cruise ship passengers increasing by 22.1%.

    View the full July 2017 Halifax Economic Report »

Indicator Units  Period 2016 2017  Change 
Labour Market
Real Gross Domestic Product (GDP) at basic prices $millions (2007) Annual 18,507 18,842(f)  1.8%
Population 000's Annual 426.0 434.0(f)  1.9%
Employment  000's Jan-Jun 224.9 225.1  0.1%
Unemployment % Jan-Jun 6.6% 6.5%  -0.1 pts
Labour Force 000's Jan-Jun 240.7 240.6  -0.1%
Participation Rate % Jan-Jun 68.4%
67.4% -1.0 pts
 Consumer Markets
Average Weekly Earnings  Current $ Jan-Jun 887 878  -1.0%
Consumer Price Index Index (2002) Jan-Jun 129.4 130.8  +1.3 pts
Retail Sales $millions Jan-May 2,996 3,125  4.3%
Aircraft Passengers  000's Jan-Jun 1,824 1,898 4.1%
Cruise Ship Passengers 000's Apr-Jun 24.9 30.4 22.1%
Containerized Cargo  000's TEUs Jan-Jun 235.4 274.7  16.7%
Housing & Construction Markets 
Housing Starts  - Jan-Jun 939 1,290  37.4%
Housing Resales  - Annual 5,100(f) 5,200(f) 2.0%
Value of Building Permits $millions Jan-May 253.7 358.7 41.4%
Non-Residential Construction $millions (2007) Jan-Jun 165.6 110.0 -33.6%
(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 Growth Plan

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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