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 - January 2017 

  • 2016 was another positive year for the Halifax economy, with growth in shipbuilding, the health care sector, and the education sector. 

  • The Labour Force Survey showed overall net gains in part-time employment.

  • It was a record year for aircraft and cruise ship passengers in 2016.

    View the full January 2017 Halifax Economic Report »

Indicator Units  Period 2015  2016  Change 
Labour Market
Real Gross Domestic Product (GDP) at basic prices $millions (2007) Annual 18,200 18,678(f)  2.6%
Population 000's Annual 418.0 423.0(f)  1.2%
Employment  000's Jan-Sept 224.2 225.9  0.9%
Unemployment % Jan-Sept 6.3% 6.1%  -0.2 pts
Labour Force 000's Jan-Sept 239.1 240.7  0.7%
Participation Rate % Jan-Sept 68.6%
68.0% -0.6 pts
 Consumer Markets
Average Weekly Earnings  Current $ Jan-Aug 870 888  2.1%
Consumer Price Index Index (2002) Jan-Sept 128.2 129.8  1.6%
Retail Sales $millions Jan-Jul 6,246 6,517  4.3%
Aircraft Passengers  000's Jan-Sept 3,703 3,909  5.6%
Cruise Ship Passengers 000's Jan-Sept 222.3 238.2  7.2%
Containerized Cargo  000's TEUs Jan-Sept 418.4 480.7  14.9%
Housing & Construction Markets 
Housing Starts  - Jan-Aug 2,599 2,305  -11.3%
Housing Resales  - Jan-Aug 4,773 5,100(f)  6.9%
Value of Building Permits $millions Jan-Aug 646.0 517.4 -19.9%
Non-Residential Construction $millions (2007) Jan-Jun 375.9 284.9 -24.2%
(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 – youth retention and Halifax's start-up community.

Read the 2016 Halifax Index

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