Economic Impact

The Port of Halifax, and its diverse areas of business, is a major contributor to the economy
of the Halifax region and Nova Scotia. Direct and spinoff (indirect and induced) impacts of port-related activities include $1.58 billion in gross output, $671 million in Gross Domestic Product (GDP).

Jobs and Salaries

11,190 full-time equivalent (FTE) jobs. Wages and salaries resulting from port activity were $504.7 million and the average wage for direct and spinoff jobs was $45,100, 29% above the provincial average.

Rail and Trucking

CN and related rail service providers contributed $170 million to economic output, with long-haul and local trucking activity contributing $160 million.

The cruise business continues to be a strong performer. The direct impact in 2008 exceeded $50 million from passenger, crew and cruise line expenditures.

Port related employment provides the province with over $76 million in personal income and consumption taxes. Annual payments to HRM exceed $1 million.

Besides ongoing economic and fiscal impacts, there are one-time impacts related to renovation and construction projects. With $45 million in construction projects expected over the next five years, this is expected to result in 735 person years of employment and $28.5 million in wages and salaries.


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