Statistics // Highlights from ‘Provincial GDP by Industry’ for 2021, Released May 2

‘Provincial GDP by Industry’ for 2021

Statistics Canada released preliminary estimates of real GDP by industry for the provinces and territories in 2021. For full statistics from this dataset, click here.

Highlights for Construction in Nova Scotia —

• Nova Scotia’s real GDP was estimated to have grown 5.8% during 2021, following a decline of 2.5% in 2020. This increase was the fastest pace in industry GDP accounts with data available back to 1985.
  • The real GDP (chained 2012 dollars) was $39.1 billion in 2021.
• In goods-producing industries, real GDP increased in agriculture, forestry, fishing and hunting, utilities, construction, and manufacturing
  • Real GDP declined in mining, quarrying, and oil and gas extraction
• Construction real GDP was up 8.5% led by residential building construction (+12.3%) and electric power engineering construction (+62.8%) with solar garden projects.
  • Non-residential building construction (-0.7%) declined for a second consecutive year while transportation engineering construction (+3.8%) grew for a third consecutive year.