Economic Performance
Nova Scotia’s ranking improved from 8th to 3rd in 2001 and was 1st in Atlantic Canada. Economic performance refers to the strength and growth of the provincial economy. Nova Scotia’s ranking improved in personal income growth, GDP growth, average annual pay growth and income distribution. Employment growth slowed. The economy surged ahead as offshore activity intensified and construction increased.
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INDICATORS |
2000r |
2001 |
|
| Output |
Personal Income Growth |
9 |
4 |
|
GDP Growth Rate |
7 |
2 |
|
Personal Income Per Capita |
6 |
6 |
|
GDP Per Capita |
8 |
7 |
|
| Employment Base |
Employment Growth |
3 |
7 |
|
Unemployment Rate |
7 |
7 |
|
| Earnings and Job Quality |
Average Annual Pay Growth |
9 |
3 |
|
Average Annual Pay |
7 |
6 |
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| Equity Rural |
Income vs Urban Income |
6* |
6* |
|
Low Income |
6 |
6 |
|
Income Distribution |
6 |
5 |
|
% Income Distribution Change |
4 |
3 |
|
| Overall Ranking |
Economic Performance |
8 |
3 |
r = ranking has been revised to include new indicators and revisions by Statistics Canada
* not included in calculating the overall ranking; comparable data not available |
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