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 - October 2017

  • 2017 is forecasted to be another solid year for population growth in Halifax. The Conference Board of Canada is forecasting population growth of 2.0% population growth seen in 2016, the best figure in decades.

  • Housing starts in Halifax increased by 37.7% year-to-date in 2017.

  • Halifax is forecasted to have a strong year for retail growth, growing at 6.7% year to date.

  • The Port of Halifax is building on last year's record numbers with cruise ship passengers increasing by 27.4% and containerized cargo increasing by 16.7%.

View the full October 2017 Halifax Economic Report »

Indicator Units  Period 2016 2017  Change 
Labour Market
Real Gross Domestic Product (GDP) at basic prices $millions (2007) Annual 18,358 18,612(f)  1.4%
Population 000's Annual 426.0 434.0(f)  1.9%
Employment  000's Jan-Sept 225.9 224.9  -0.4%
Unemployment % Jan-Sept 6.3% 6.7%  0.4 pts
Labour Force 000's Jan-Sept 240.9 241.0  0.0%
Participation Rate % Jan-Sept 68.4%
67.4% -1.0 pts
 Consumer Markets
Average Weekly Earnings  Current $ Jan-Aug 888 880  -0.8%
Consumer Price Index Index (2002) Jan-Sept 129.7 131.1  +1.4 pts
Retail Sales $millions Jan-Aug 4,791 5,112  6.7%
Aircraft Passengers  000's Jan-Sept 3,024 3,152 4.2%
Cruise Ship Passengers 000's Apr-Sept 84.0 107.0 27.4%
Containerized Cargo  000's TEUs Jan-Sept 235.4 274.7  16.7%
Housing & Construction Markets 
Housing Starts - - Jan-Aug 1,288 1,773  37.7%
Housing Resales  - Annual 5,100(f) 5,200(f) 2.0%
Value of Building Permits $millions Jan-Aug 395.2 603.6 52.7%
Non-Residential Construction $millions (2007) Jan-Sept 227.5 175.6 -22.8%
(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.

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

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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.

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