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.

Cruise Industry

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.

The Halifax Port Authority has invested significantly over the past five years in infrastructure, we have modern infrastructure, using the latest technology and world class security. Over the last five years $250 million of private sector port-related money has been invested at the Port of Halifax. The Halifax Port Authority has invested over $100 million. Between 2010 and 2014 HPA is expecting to invest $225 million in infrastructure.


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