Halifax Index 2018 now available online
Halifax, NS, June 18, 2018 – The Halifax Partnership has released the Halifax Index 2018, the city’s annual report on economic and community progress, as well as Halifax’s Economic Growth Plan: Years 3-5 Action Plan.
“Halifax saw a great year for immigration and youth retention, which contributed to Halifax’s strong population growth. However, there is still work to do in terms of growing Halifax’s GDP, as major projects wind down,” said Ian Munro, Chief Economist at the Halifax Partnership.
To download the complete Halifax Index 2018, visit HalifaxIndex.com.
Halifax Index 2018 Key Findings
The Halifax Index tracks Halifax’s vital signs across four major themes: people, education, economy, and quality of place benchmarked against five other cities – St. John’s, Quebec City, Kitchener-Cambridge-Waterloo, Regina and Victoria. It includes an analysis on Rural Halifax and one special analysis focused on residential affordability, plus a deeper dive this year into education and an expanded quality of life section.
PEOPLE: Halifax had its second straight year of strong population growth, growing by 1.6% from 424,950 to 431,701. Immigration was the key driver of this growth with Halifax welcoming over 4,500 international migrants. The past two years have been the best for immigration growth in the history of the municipality.
EDUCATION: Among those ages 25 to 64 in Halifax, 70% have at least some post-secondary education, with 38% holding a university degree or certificate. International post-secondary enrolment hit its highest level ever in Halifax, reaching roughly 6,500 students.
ECONOMY: Halifax’s GDP grew by 1.7% in 2017, below both the national figure and most of the benchmark cities. The Business Confidence Index for Halifax reached an all-time high in 2018, marking the fourth straight year of gains.
QUALITY OF PLACE: The Crime Severity Index dropped again for Halifax.
The Halifax Partnership leads the development and implementation of Halifax’s Economic Growth Plan and is responsible for tracking, measuring, and reporting on progress annually through the Halifax Index. A Growth Plan progress report is included in the Index.
See the complete June 18 media release.