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: Nova Scotia—2017
Provincial Outlook Long-Term Economic Forecast: Nova Scotia—2017
Provincial Economic Analysis
$660.00
- Real GDP will grow at an annual average of 1 per cent between 2016 and 2040.
- Shifting demographic fundamentals will weigh down potential output growth and affect all areas of the economy.
- Consumers’ spending preferences will shift toward services rather than goods and housing.
- The outlook for business investment in residential and non-residential structures is not stellar, as demand for housing will fall and major projects are set to be completed in the medium term.
- Faced with revenue shortfalls and increased spending on health care, governments are expected to reduce capital spending over the long term.
Customers Who Downloaded This Also Liked
18 min read
Require an accessible version of this research?
Upon request, Signal49 Research offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
Effective January 26, 2026, AERIC Inc./Signal49 Research discontinued use of ‘The Conference Board of Canada’ name, logo and branding, which had been used by AERIC Inc./Signal49 Research under license from The Conference Board, Inc. The Conference Board, Inc. and its licensees, which are not affiliated with Signal49 Research, own all right, title and interest in THE CONFERENCE BOARD name and trademarks in Canada and have the exclusive right to their use in Canada since January 26, 2026.
