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==Economy== [[File:Halifax-Dartmouth Ferry Service (21772298471).jpg|thumb|left|[[Halifax, Nova Scotia|Halifax]], the capital and largest municipality, is the economic hub of Nova Scotia]] Nova Scotia's [[List of Canadian provinces and territories by gross domestic product|per capita GDP]] in 2016 was {{CAD|44,924}}, significantly lower than the national average per capita GDP of {{CAD|57,574}}.<ref>{{cite web |title=Gross domestic product, expenditure-based, provincial and territorial, annual (x 1,000,000) |url=https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610022201&pickMembers%5B0%5D=1.4&pickMembers%5B1%5D=2.2 |website=statcan.gc.ca |date=19 November 2012 |access-date=24 September 2019 |archive-date=5 December 2021 |archive-url=https://web.archive.org/web/20211205025335/https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610022201 |url-status=live}}</ref> GDP growth has lagged behind the rest of the country for at least the past decade.<ref name="autogenerated1">{{cite web |url=http://www.gov.ns.ca/finance/statistics/analysis/default.asp?id=1&sid=5 |title=Province of Nova Scotia |access-date=29 June 2012 |archive-date=10 September 2013 |archive-url=https://web.archive.org/web/20130910015125/http://www.gov.ns.ca/finance/statistics/analysis/default.asp?id=1 |url-status=live}}</ref> As of 2017, the median family income in Nova Scotia was $85,970, below the national average of $92,990;<ref>{{cite web |url=https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110001201&pickMembers%5B0%5D=1.5 |title=Median total income, by family type, by province and territory |year=2017 |publisher=Statistics Canada |access-date=18 September 2019 |archive-date=6 December 2021 |archive-url=https://web.archive.org/web/20211206013039/https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110001201 |url-status=live}}</ref> in Halifax the figure rises to $98,870.<ref>{{cite web |url=https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110001201&pickMembers%5B0%5D=1.6 |title=Median total income, by family type, by census metropolitan area |year=2017 |publisher=Statistics Canada |access-date=18 September 2019 |archive-date=6 December 2021 |archive-url=https://web.archive.org/web/20211206013039/https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110001201 |url-status=live}}</ref> The province is the world's largest exporter of [[Christmas tree]]s, [[lobster]], [[gypsum]], and [[Berry|wild berries]].<ref>{{cite web |url=http://www.twrsoft.com/trivia/hist04.htm |title=The Nova Scotian Economy |author=Tower Software |access-date=16 April 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100531053941/http://www.twrsoft.com/trivia/hist04.htm |archive-date=31 May 2010 }}</ref> Its export value of fish exceeds $1 billion, and fish products are received by 90 countries around the world.<ref>{{cite web |url=http://ttns.gov.ns.ca/en/home/doingbusiness/gettingtoknowus/sectorsnapshots/fisheriesaquaculture.aspx |title=Fisheries & Aquaculture |author=Trade Team Nova Scotia |access-date=16 April 2010 |url-status=dead |archive-url=https://web.archive.org/web/20090606001941/http://ttns.gov.ns.ca/en/home/doingbusiness/gettingtoknowus/sectorsnapshots/fisheriesaquaculture.aspx |archive-date=6 June 2009 }}</ref> Nevertheless, the province's imports far exceed its exports. While these numbers were roughly equal from 1992 until 2004, since that time the trade deficit has ballooned. In 2012, exports from Nova Scotia were 12.1% of provincial GDP, while imports were 22.6%.<ref>Nova Scotia's Merchandise Trade with the World [http://www.lop.parl.gc.ca/content/lop/ResearchPublications/2013-38-e.htm] {{Webarchive|url=https://web.archive.org/web/20160216044713/http://www.lop.parl.gc.ca/content/lop/ResearchPublications/2013-38-e.htm|date=16 February 2016}}.</ref> Nova Scotia's traditionally [[Natural resource|resource-based economy]] has diversified in recent{{when|date=August 2022}} decades. The rise of Nova Scotia as a viable jurisdiction in North America, historically, was driven by the ready availability of natural resources, especially the [[Fish stocks|fish stock]]s off the [[Scotian Shelf]]. The [[Fishing|fishery]] was a pillar of the economy since its development as part of [[New France]] in the 17th century; however, the fishery suffered a sharp decline due to [[overfishing]] in the late 20th century. The collapse of the [[Atlantic Cod|cod stocks]] and the closure of this sector resulted in a loss of approximately 20,000 jobs in 1992.<ref>{{cite web |url=http://www.fisherycrisis.com |title=The Starving Ocean |author=Fish in Crisis |access-date=26 April 2007 |archive-date=28 September 2021 |archive-url=https://web.archive.org/web/20210928053844/http://www.fisherycrisis.com/ |url-status=live}}</ref> Other sectors in the province were also hit hard, particularly during the last two{{when|reason=which two?|date=August 2022}} decades: coal mining in Cape Breton and northern mainland Nova Scotia has virtually ceased, and a [[Sydney Steel Corporation|large steel]] mill in [[Sydney, Nova Scotia|Sydney]] closed during the 1990s. More recently, the high value of the Canadian dollar relative to the US dollar has hurt the forestry industry, leading to the shutdown of a long-running [[Bowater Mersey Paper Company Limited|pulp and paper mill]] near [[Liverpool, Nova Scotia|Liverpool]]. Mining, especially of [[gypsum]] and salt and to a lesser extent [[silica]], [[peat]] and [[barite]], is also a significant sector.<ref>Province of Nova Scotia, [http://www.gov.ns.ca/natr/meb/one/95act1-4.asp "Summary of Nova Scotia Mineral Production, 1994 and 1995"] {{webarchive |url=https://web.archive.org/web/20091015140229/http://www.gov.ns.ca/natr/meb/one/95act1-4.asp |date=15 October 2009 }}</ref> Since 1991, [[Offshore drilling|offshore oil and gas]] has become an important part of the economy, although production and revenue are now{{when|reason=still?|date=August 2022}}declining.<ref name="autogenerated1"/> However, agriculture remains an important sector in the province, particularly in the [[Annapolis Valley]]. [[File:Grafton, Nova Scotia.JPG|thumb|A farm in [[Grafton, Nova Scotia|Grafton]]. Agriculture remains an important sector of the economy in the [[Annapolis Valley]].]] Nova Scotia's defence and aerospace sector generates approximately $500 million in revenues and contributes about $1.5 billion to the provincial economy each year.<ref name = business>Nova Scotia Business Inc. [https://web.archive.org/web/20060516013130/http://www.novascotiabusiness.com/en/home/locate/sectorinfo/defense_aerospace.aspx Defence, Security & Aerospace]. Retrieved 10 October 2008.</ref> To date, 40% of Canada's military assets reside in Nova Scotia.<ref name="business"/> Nova Scotia has the fourth-largest [[film industry]] in Canada hosting over 100 productions yearly, more than half of which are the products of international film and television producers.<ref>Nova Scotia Film Development Corporation [http://www.film.ns.ca/pdfs/2007-08%20stat%20summary%20for%20Press%20release.pdf Production Statistics for the 12 Month Period Ended 31 March 2008]. Retrieved 10 October 2008. {{dead link|date=June 2016|bot=medic}}{{cbignore|bot=medic}}</ref> In 2015, the government of Nova Scotia eliminated tax credits to film production in the province, jeopardizing the industry given most other jurisdictions continue to offer such credits.<ref>{{cite news |work=CTV Atlantic |url=http://atlantic.ctvnews.ca/n-s-film-tv-jobs-in-rapid-decline-since-elimination-of-film-tax-credit-ndp-1.2652636 |title=N.S. film, TV jobs in rapid decline since elimination of film tax credit: NDP |date=11 November 2015 |access-date=13 February 2016 |archive-date=19 June 2021 |archive-url=https://web.archive.org/web/20210619225145/https://atlantic.ctvnews.ca/n-s-film-tv-jobs-in-rapid-decline-since-elimination-of-film-tax-credit-ndp-1.2652636 |url-status=live}}</ref> The province also has a rapidly developing [[Information Technology|Information & Communication Technology]] (ICT) sector which consists of over 500 companies, and employs roughly 15,000 people.<ref>{{cite web |url=http://ttns.gov.ns.ca/en/home/doingbusiness/gettingtoknowus/sectorsnapshots/ict.aspx |title=Information and Communications Technology |author=Trade Team Nova Scotia |access-date=16 April 2010 |url-status=dead |archive-url=https://web.archive.org/web/20110706190937/http://ttns.gov.ns.ca/en/home/doingbusiness/gettingtoknowus/sectorsnapshots/ict.aspx |archive-date=6 July 2011 }}</ref> In 2006, the manufacturing sector brought in over $2.6 billion in chained GDP, the largest output of any industrial sector in Nova Scotia.<ref>{{cite web |url=http://investincanada.gc.ca/download/650.pdf |title=Nova Scotia |author=Invest in Canada |access-date=16 April 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100703010613/http://investincanada.gc.ca/download/650.pdf |archive-date=3 July 2010 }}</ref> [[Michelin]] remains by far the largest single employer in this sector, operating three production plants in the province. Michelin is also the province's largest private-sector employer.<ref name="2019nov22michelin">{{cite news |last1=Withers |first1=Paul |title=Michelin's future in Nova Scotia secure under new free trade deal, says Freeland |url=https://www.cbc.ca/news/canada/nova-scotia/freeland-tours-michelin-tire-plant-in-granton-1.4915416 |publisher=CBC News |date=22 November 2018 |access-date=31 March 2020 |archive-date=21 October 2021 |archive-url=https://web.archive.org/web/20211021075625/https://www.cbc.ca/news/canada/nova-scotia/freeland-tours-michelin-tire-plant-in-granton-1.4915416 |url-status=live}}</ref> In July 2024, the provincial government committed CAD$18.6 million to build 27 new [[telecommunication tower]]s to upgrade cellular service province-wide.<ref>{{Cite news|url=https://www.timescolonist.com/national-business/new-money-to-expand-cellular-service-in-parts-of-rural-ns-with-spotty-coverage-9293044|title=New money to expand cellular service in parts of rural N.S. with spotty coverage|work=Times Colonist|access-date=2024-08-27}}</ref> ===Tourism=== {{Main|Tourism in Nova Scotia}} [[File:Enchantment of the Seas Halifax 2011.jpg|thumb|A cruise ship docked at the [[Port of Halifax]]. The port sees more than 200,000 cruise passengers each year.]] The Nova Scotia tourism industry includes more than 6,500 direct businesses, supporting nearly 40,000 jobs.<ref>{{cite web |publisher=Tourism Industry Association of Nova Scotia |url=http://www.tians.org/ |title=Tourism Summit 2008 |archive-url=https://web.archive.org/web/20210619223747/https://www.tians.org/ |archive-date=19 June 2021 |access-date=10 October 2008}}</ref> Cruise ships pay regular visits to the province. In 2010, the [[Port of Halifax]] received 261,000 passengers and Sydney 69,000.<ref name=2010indicators>{{cite web |title=2010 Nova Scotia Tourism Indicators |url=http://gov.ns.ca/econ/tourism/docs/Key-Tourism-Indicators-2010.pdf |publisher=Province of Nova Scotia |access-date=26 December 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120210065422/http://gov.ns.ca/econ/tourism/docs/Key-Tourism-Indicators-2010.pdf |archive-date=10 February 2012}}</ref><ref name="gov-ns1">{{cite web |url=http://www.gov.ns.ca/econ/exportstrategy/docs/Export_Development_Strategy-NS.pdf |title=Going Global, Staying Local: A Partnership Strategy for Export Development |publisher=Government of Nova Scotia |access-date=10 October 2008 |archive-date=27 February 2021 |archive-url=https://web.archive.org/web/20210227042119/https://beta.novascotia.ca/government/business |url-status=live}}</ref> This industry contributes approximately $1.3 billion annually to the economy.<ref>{{cite web |url=http://www.novascotiabusiness.com/en/home/locate/keyfacts/default.aspx |archive-url=https://web.archive.org/web/20060516012851/http://www.novascotiabusiness.com/en/home/locate/keyfacts/default.aspx |url-status=dead |archive-date=16 May 2006 |title=Key Facts |access-date=16 April 2010}}</ref> A 2008 Nova Scotia tourism campaign included advertising a fictional mobile phone called [[Pomegranate (phone)|Pomegranate]] and establishing a website, which after reading about the "new phone" redirected to tourism info about the region.<ref>{{cite web |url=http://latimesblogs.latimes.com/technology/2008/10/pomegranate-ns0.html |title=Pomegranate phone? Nova Scotia ad budget goes to cellphone concept video |work=Los Angeles Times |archive-url=https://web.archive.org/web/20210619224346/https://latimesblogs.latimes.com/technology/2008/10/pomegranate-ns0.html |archive-date=19 June 2021 |date=30 October 2008 |access-date=12 April 2014}}</ref> Nova Scotia's tourism industry showcases Nova Scotia's culture, scenery and coastline. Nova Scotia has many museums reflecting its [[ethnic]] heritage, including the [[Glooscap]] Heritage Centre, [[Grand-Pré National Historic Site]], [[Hector (immigration ship)|Hector Heritage Quay]] and the [[Black Cultural Centre for Nova Scotia]]. Other museums tell the story of its working history, such as the [[Cape Breton Miners Museum]]<ref>{{cite web |url=https://www.minersmuseum.com/ |title=Explore |publisher=Cape Breton Miners Museum |access-date=10 April 2025}}</ref> and the [[Maritime Museum of the Atlantic]].<ref>{{cite web |url=https://maritimemuseum.novascotia.ca/visit-us |title=Visit Us |date=16 January 2013 |publisher=Maritime Museum of the Atlantic |access-date=10 April 2025}}</ref> Nova Scotia is home to several internationally renowned musicians and there are visitor centres in the home towns of [[Hank Snow]], [[Rita MacNeil]], and [[Anne Murray]]. There are also numerous music and cultural festivals such as the [[Stan Rogers Folk Festival]], [[Celtic Colours]], the [[Nova Scotia Gaelic Mod]], [[Royal Nova Scotia International Tattoo]], the [[Atlantic Film Festival]] and the [[Atlantic Fringe Festival]].{{citation needed|date=March 2025}} [[File:Lighthouse DSC01066 - Peggy's Cove Lighthouse (7612052968).jpg|thumb|[[Peggys Point Lighthouse]] in [[Peggys Cove, Nova Scotia|Peggys Cove]] is a tourist attraction in the province.]] The province has [[List of National Historic Sites of Canada in Nova Scotia|87 National Historic Sites of Canada]], including the [[Habitation at Port-Royal]], the [[Fortress of Louisbourg]], [[Grand-Pré National Historic Site|Grand-Pré]] and [[Citadel Hill (Fort George)]] in Halifax. One of the most famous communities in Nova Scotia, [[Peggys Cove, Nova Scotia|Peggys Cove]], is internationally recognized and receives more than 600,000 visitors every year.<ref>{{cite web |title=Peggy's Cove: Assessment of Capacity Issues and Potential Tourism Opportunities |url=http://www.gov.ns.ca/tch/pubs/peggyscove_report.pdf |publisher=The Economic Planning Group of Canada |access-date=26 December 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120121031710/http://www.gov.ns.ca/tch/pubs/peggyscove_report.pdf |archive-date=21 January 2012}}</ref> [[Lunenburg, Nova Scotia|Old Town Lunenburg]], another popular cultural destination, is a port town on the [[Southern Nova Scotia|South Shore]] that was declared a United Nations Educational, Scientific and Cultural Organisation [[UNESCO World Heritage Site|(UNESCO) World Heritage Site]]. [[Ecotourism]] plays an important role Nova Scotia's tourism industry, with the province being home to two [[national parks of Canada]], [[Kejimkujik National Park]] and [[Cape Breton Highlands National Park]], as well as one national park reserve: [[Sable Island|Sable Island National Park Reserve]]. Nova Scotia also hosts many other [[List of protected areas of Nova Scotia|protected areas]] at the municipal, provincial, and federal levels that are popular destinations for visitors. Some popular sites, like [[Cape Split|Cape Split Provincial Park]], have seen dramatic increases in their visitation rates in recent years (with Cape Split receiving 40% more visitors in 2021 than it did in 2015).<ref>{{cite hansard |url=https://nslegislature.ca/legislative-business/committees/standing/natural-resources-and-economic-development/archive/natural-resources-and-economic-development/ne2022jun28 |jurisdiction=Standing Committee on Natural Resources and Economic Development |title=Nova Scotia Park System ||house=Nova Scotia House of Assembly |date=28 June 2022 |speaker=Matt Parker |position=Executive Director, Forestry and Wildlife, Department of Natural Resources and Renewables}}</ref> Nova Scotia is a renowned destination for [[whale watching]], particularly [[Cape Breton Island]] and [[Brier Island]].<ref>{{Cite web|url=https://novascotia.com/explore-nova-scotia/outdoor-activities-tours/whale-watching/|title = Whale Watching|date = 2025-04-08}}</ref> One of Nova Scotia's most sought-after natural features are its [[beaches]], with many popular sites scattered throughout the province,<ref>{{Cite web|url=https://novascotia.com/explore-nova-scotia/outdoor-activities-tours/beaches/|title = Beaches|date = 2025-04-08}}</ref> including [[Melmerby Beach Provincial Park]], [[Summerville Beach, Nova Scotia|Summerville Beach]], and [[Crescent Beach, Nova Scotia|Crescent Beach]], among many others.
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