Nova Scotia’s Five-Year Outlook—September 2025

Canadian Economics

September 9, 2025

Provincial Economic Analysis

15 min read

Author: The Conference Board of Canada

$705.00

This quarterly 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.

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Resilient to the Headwinds

Nova Scotia’s economy is set to expand by just 1.3 per cent in 2025, with modest growth of 1.2 per cent in 2026.

What looks like one of the major factors influencing the near-term growth trajectory? What is the outlook for the province’s population and labour force growth, and what effect will this have on labour markets and economic growth? What will the residential and business investment look like? And what is the outlook for Nova Scotia’s government and defence spending?

Read the issue briefing for the full analysis.