Nova Scotia’s 20-Year Outlook—March 2025

Nova Scotia’s 20-Year Outlook—March 2025

Provincial Economic Analysis
15 min read

Author: The Conference Board of Canada

$705.00

This issue briefing examines the long-term economic outlook for Nova Scotia, including gross domestic product, output by industry, and labour market conditions. It includes a forecast for the province’s economic indicators as well as projections of several demographic factors.

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Nova Scotia’s economic growth is expected to be modest over the long term, dragged down by slow population growth, weak private investment, and an aging population. Will immigration be the main source of population growth over the period? Will it be enough to fill gaps in the province’s diminishing labour supply? With no major projects on the horizon, which sectors will support growth and employment? How will the provincial government meet the demands of an aging population? Are there any bright spots in the offing?

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