All-Electric and Hybrid-Electric Propulsion Technology for Small Vessels, NSBA 27th March, 2015
Please click the link: Hybrid Technology Review
Economic Impact of the Nova Scotia Boatbuilding Industry
The impact of Nova Scotia’s Boatbuilding Industry’s on the economy of Nova Scotia is significant. In 2015, the sector created:
- Direct household income of $34.0 million and total household income of $46.7 million
- Direct employment of 667 and total employment of 927
- Direct gross domestic product of $37.4 million, and total gross domestic product of $60.1 million
Boatbuilding and boat repair and servicing is predominantly a rural economic activity – 98.5% of establishments are outside the Halifax Region.
See report “Economic Impact of the Nova Scotia Boatbuilding Industry” for full discussion and results of a study carried out by Canmac Economics on behalf of the NSBA.
Nova Scotia Industry Outlook 2016-2021
As shown in the Charts, Nova Scotia’s goods industries provide significant contributions to the Nova Scotia economy. The level of GDP and projections over the 2016 – 2021 period by industry are as follows:
1. Utilities – 2015 GDP of $568.9 (millions), expected growth of 1.0%.
2. Construction – 2015 GDP of $1,486.0 (millions), expected growth of 3.3%.
Nova Scotia Industry Outlook 2016 – 2021 2016
11 Canmac Economics Ltd. (902)864-3838
3. Manufacturing – 2015 GDP of $2,626.0 (millions), expected growth of 1.8%.
4. Wholesale Trade – 2015 GDP of $1,369.4 (millions), expected growth of 0.3%.
5. Retail Trade – 2015 GDP of $2,310.6 (millions), expected growth of 1.6%.
6. Transportation and Warehousing – 2015 GDP of 1,079.0 (millions), expected growth of 0.1%.
Two bright spots in the manufacturing sector are boat building and ship building. The strength of the fishery, in particular the lobster industry has resulted in a back log in boat building – up to two years are reported in some cases.
See report “Nova Scotia Industry Outlook 2016-2021” for full discussion and results of a study carried out by Canmac Economics.