Halifax Stanfield International Airport is worth billions to Nova Scotia.
Our economy thrives on it – to the tune of $2.8 billion in 2016, a 4.4 per cent increase over 2015.
Our citizens rely on it – with a record number of 3.9 million passengers and 50 destinations served in 2016.
Our Nova Scotia export counts on it – a record 33,330 metric tonnes of air cargo were processed at the airport in 2016. The total impact from air cargo exporters on the provincial economy is approaching $490 million. To provide context, every fully loaded Boeing 777 cargo freighter departing Halifax creates 16 person-years of employment in Nova Scotia and contributes $1.5 million to the province’s economic output.
Our tourism industry depends on it – almost one-third of the province’s visitors enter Nova Scotia through the airport, contributing over $943 million to the provincial economy in 2016. As just one example, every Condor flight from Germany arriving in Halifax creates seven person-years of employment in Nova Scotia and contributes $475,000 to the province’s economic output.
The 2016 figures are according to the latest economic impact report released today, which was produced by The Chris Lowe Group.
“A successful airport is the catalyst for economic growth, the heart of a community, and the lifeblood of prosperity. The airport creates jobs; moves people, goods and ideas; and is one of the most critical pieces of transportation infrastructure in Atlantic Canada,” says Joyce Carter, President & CEO, Halifax International Airport Authority (HIAA). “Together, the Airport Authority and all of our airport partners have a tremendous positive impact on Halifax and the entire province.”
Halifax Stanfield International Airport is a significant employer, with 5,665 full-time equivalent (FTE) jobs in 2016. Major employers include IMP Group, Air Canada and Jazz Aviation who together had 2,079 FTE staff or almost 40 per cent of the airport’s workforce.
In addition, activity by Nova Scotia air cargo exporters and expenditures by visitors entering Nova Scotia at the airport generated more jobs throughout Nova Scotia. The direct employment associated with airport operations, airport tenants, air cargo exports and air tourists is 13,082 FTE jobs. The direct and spinoff employment for all activities associated with Halifax Stanfield International Airport is 31,664 FTE jobs with 5,665 FTE jobs or 18 per cent based at the airport. For every job at the airport, 5.5 more jobs are created in the province.
For every dollar the airport generates, the broader economy of Nova Scotia receives $2.54 in economic output.
“Halifax Stanfield enriches the economy of Nova Scotia, and we are proud to make such a valuable contribution to our region’s success,” adds Carter.
Summary of the 2016 Economic and Fiscal Impacts
|2016 Economic Impacts|
|Economic Output (Millions)||$1,745.6||$545.6||$531.9||$2,822.3|
|GDP Basic Price (Millions)||$953.4||$525.1||$743.1||$2,221.6|
|Wages & Salaries (Millions)||$542.7||$412.1||$389.0||$1,343.8|
|2016 Fiscal Impacts|
|NS Personal Income & Consumption Taxes (Millions)||$57.0||$43.3||$40.8||$141.1|
|Retail Sales Tax HST (Millions)||$28.5||$21.6||$20.4||$70.5|