Nova Scotia's business climate ranks 4th
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| PROVINCE | 1999 |
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| Alberta | 1st |
| Ontario | 2nd |
| British Columbia | 3rd |
| Nova Scotia | 4th |
| Quebec | 5th |
| Manitoba | 6th |
| New Brunswick | 7th |
| Saskatchewan | 8th |
| Newfoundland & Labrador | 9th |
| Prince Edward Island | 10th |
Only 1999 statistics are used to determine rankings.
INDICATORS
Development Capacity - Rank 5
Nova Scotia ranks 5th in Canada and 1st in Atlantic Canada in terms of its development capacity. Development capacity refers to the quality of the social and physical infrastructure supporting economic performance. Strengths include educational attainment at college/university levels, while weaknesses are evident in the number of patents granted, the level of science and engineering graduates per capita, and the infrastructure required for sewage treatment.
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| INDICATORS | 1999 | |
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| Human Resources | Post Secondary Education Attainment | 4* |
| High School Attainment | 5* | |
| Literacy | 5* | |
| Skilled Immigrants | 6 | |
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| Technology Resources | Doctorate Graduates | 2* |
| Science/Engineering Graduates | 8 | |
| Patents Granted | 8 | |
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| Financial Resources | Venture Capital Investments | 4 |
| Business Loans Per Employee | 6 | |
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| Infrastructure and Amenities | Health Professionals Per Capita | 1 |
| Highway Deficiency | 4 | |
| Internet Use | 4 | |
| Land Cost | 4 | |
| Major Crimes | 6 | |
| Sewage Treatment | 7 | |
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| Overall Ranking | Development Capacity | 5 |
Economic Performance - Rank 3
Nova Scotia ranked 3rd in Canada and 1st in Atlantic Canada in economic performance, which measures the strength and growth of the economy. Clearly, unemployment rates remain high within Nova Scotia compared with other provinces. The above-average performance in this measure is driven by the province's growth rate.
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| INDICATORS | 1999 | |
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| Output | Personal Income Growth | 3 |
| GDP Growth Rate | 4 | |
| Personal Income Per Capita | 6 | |
| GDP Per Capita | 8 | |
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| Employment Base | Employment Growth | 5 |
| Unemployment Rate | 7 | |
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| Earnings and Job Quality | Average Annual Pay Growth | 4 |
| Average Annual Pay | 7 | |
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| Equity Rural | Income vs Urban Income | 6* |
| Low Income | 7* | |
| Income Distribution | 7 | |
| % Income Distribution Change | 2 | |
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| Overall Ranking | Economic Performance | 3 |
Tax & Fiscal Environment - Rank 3
Nova Scotia's tax & fiscal environment ranked 3rd in Canada and 1st in Atlantic Canada. Strengths include relatively low effective tax rates, led by a low provincial corporate tax per GDP. Challenges are higher workers' compensation premiums per employee and higher property taxes per GDP.
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| INDICATORS | 1999 | |
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| Tax Base | Corporate Tax Per GDP | 2 |
| Indirect Tax/Personal Income | 3 | |
| Personal Income Tax | 4 | |
| Sales Tax/Personal Income | 3 | |
| Property Tax/GDP | 3 | |
| Workers' Compensation Premiums | 6 | |
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| Expenditures Base | R&D Tax Credits/Businesses | 5* |
| Business Subsidies Per GDP | 7 | |
| Government Expenditures Per GDP | 7 | |
| Government Employment/% Total | 7 | |
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| Tax & Fiscal Environment | 3 | |
Business Vitality - Rank 6
Nova Scotia ranks 6th in Canada and 2nd in Atlantic Canada in the strength of its business sector. Strengths include entrepreneurial energy and business location competitiveness as a result of reasonable labour, construction and transportation costs. Export diversity continues to be a challenge for Nova Scotia.
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| INDICATORS | 1999 | |
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| Existing Business Strength | Manufacturing Capital Investment | 1* |
| Change In Manufacturing Salaries/Worker | 3 | |
| Manufacturing Salaries/Worker | 7 | |
| Business Closings | 8* | |
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| Entrepreneurial Energy | Change In New Companies | 2* |
| New Business Job Growth | 2* | |
| Business Immigration | 2 | |
| New Companies | 4* | |
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| Structural Diversity | Export Diversity | 5 |
| Change In Export Diversity | 10 | |
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| Business Location Competitiveness | Transportation Cost Index | 3 |
| Labour Cost | 4 | |
| Construction Price Index | 4 | |
| OH&S Regulation | 7* | |
| Electricity Cost | 8 | |
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| Overall Ranking | Business Vitality | 6 |
* not included in calculating the overall ranking; comparable data not available | ||
