Halifax and the region's economy benefit significantly from the ocean
sector:
- Estimated economic impact of $2.6 Billion, accounting for 8.1% of the provincial GDP
- Including spin-offs, the sector generates $5.0 billion, or 15.5% of GDP
- 60,000 jobs, or 14% of provincial employment.
- Includes Canada’s East Coast Navy, federal departments and labs, offshore natural gas, fisheries & living marine resources, marine transportation, and a range of ocean technology firms.
For more information read the report Economic Impact of the Nova Scotia
Ocean Sector 2002-2006
Economic Impact of Ocean Activities in Nova Scotia, 2006
Ocean Activity
| Direct GDP ($000s)
| Employment
|
Commercial Fisheries
| 332,054
| 3,462
|
Aquaculture
| 19,666
| 288
|
Fish Processing
| 175,236
| 3,710
|
Offshore Oil and Gas
| 824,146
| 660
|
Water Transportation
| 155,763
| 2,150
|
Ocean Tourism
| 123,794
| 4,450
|
Marine Construction
| 52,700
| 825
|
Ship & Boat Building
| 95,635
| 820
|
Government Services |(DND, Federal, Provincial & Ocean Research/Universities)
| 788,000
| 13,180
|
Source: Gardner Pinfold. Economic Impact of the Ocean Sector in Nova Scotia: 2002-2006.