Halifax’s GDP Grew by $300,000,000 in the Past Year

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According to the Conference Board of Canada, Halifax’s economy is experiencing a period of unprecedented growth.

Much of the recent economic growth our city has seen has been created through higher levels of immigration and increased private sector investment. Construction and manufacturing represented much of the rise in GDP, likely due in large part to our recent population growth.

Net Migration to Nova Scotia
Net Migration to Nova Scotia

Halifax’s GDP has grown by half a billion dollars since 2016, a figure that represents thousands of jobs. Nova Scotia’s unemployment rate has fallen to one of the lowest levels on record and is quickly approaching 5%. Our overall GDP now sits at $19,200,000,000, and our GDP per capita is becoming more competitive with other major Canadian cities.

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