Media-Centre

Economic snapshot

The Greater Halifax Partnership measures growth in Greater Halifax by tracking key economic indicators to measure economic performance. The economic statistics are compiled to detail trends affecting the business climate of Greater Halifax.

Indicator

Units

Period

2011

2012

Change

Real Gross Domestic Product (GDP)

$millions (2002)

Annual

13,712

14,036 (f)

2.4%

Population

000's

Annual

404.2

408.2

1.0%

Labour force

000's

Oct-Dec.

238.4

240.2

0.8%

Unemployment rate

%

Oct-Dec.

5.6

5.8

0.2%

Participation rate

%

Oct-Dec.

70

69.7

-0.3%

Average weekly wages

$

Nov.

792

816

3.0%

Canadian price index

Index (2002)

Nov.

122.9

124.3

1.1%

Housing starts

-

Jan - Nov.

2,446

2,642

8.0%

Housing sales

-

Jan - Nov.

5,623

5,820

3.5%

Value of building permits

$000's

Jan - Nov.

708,156

885,258

25.0%

Non-residential construction

$000's

Oct-Dec.

102,780

113,641

10.6%

Retail Sales

$millions

Annual

6,534

6,865

5.1%

Sources: Conference Board of Canada, Statistics Canada, Canadian Mortgage and Housing Corporation

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 see the Economic Data section. Further, the Partnership publishes periodic Economic Reports with a more detailed analysis of what is happening in Halifax's economy. 


For information specific to your site location needs, contact:

Nancy Phillips
Director, Investment and Trade
Tel: 902.490.6003
Toll-free: 1.800.565.1191
greaterhalifax.com

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