This annual economic forecast for the province of Nova Scotia examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Provincial Outlook Long-Term Economic Forecast for Nova Scotia: 2013
Provincial Outlook Long-Term Economic Forecast for Nova Scotia: 2013
Provincial Economic Analysis
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- Shell Canada’s decision to spend $970 million on exploration activities over six years may help attract other petroleum companies to the province.
- As more and more baby boomers progress into their senior years, the share of the population aged 65 and older will increase from 17.1 per cent in 2012 to 29.8 per cent in 2035.
- With the aging of the population, fewer homes will be built. Housing starts are projected to decline by an annual average of 5.9 per cent, over the entire forecast.
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