Nova Scotia's economy centers on land and sea resources. Typical businesses like mining, fishing, and forestry are becoming less important to Nova Scotia's economy. On the other hand, businesses such as tourism and other service businesses are becoming more prominent in Nova Scotia's economy.
The farming industry mainly works on providing diary products, eggs, poultry, fruit, and livestock. The forestry industry provides many saw mills and big pulp and paper mills. In addition, forestry is also expanding both maple syrup and Christmas tree production companies.
The fishing industry, which involves catching, processing, and exporting seafood, is still considered valuable, but the industry is continuing to shrink. The cod stocks, for instance, have almost disappeared entirely, although this used to be considered a very traditional part of the Nova Scotia fishing industry. On the other hand, businesses that handle lobster, scallops, and other shellfish, as well as herring, and haddock continue to be significant to Nova Scotia's economy. Aquaculture is becoming more important than ever to Nova Scotia.
Mining is also another major part of Nova Scotia economy. Originally, coal was the most valued, mined product, but in the 20th and 21st centuries, several coal mines were forced to close down. Today, salt and anhydrite are extremely popular and constantly in demand by society. Nova Scotia puts in about three-fourths of Canada's provincial gypsum supplies. Nova Scotia also has plenty of barite and construction materials, specifically, sand and gravel.
The economy of Nova Scotia also depends on smaller businesses, such as metal production, wood production and other paper related businesses as well as food processing, etc. Almost all of Nova Scotia's labor force is employed by private and public services. Tourism is a huge part of the economy in Nova Scotia. Millions of people visit every year. In addition, over one-fourth of Nova Scotia's workers have jobs in "knowledge-based service industries." These industries include education, telecommunications, and computer technology. Jobs such as teaching and working as university professors are much more popular jobs amongst the Nova Scotians than all of the construction industries and forestry industries combined. Moreover, Nova Scotia's economy is very dependent on Canadian Military Forces and it benefits from various fees and taxes paid by its citizens.
Another major part of Nova Scotia's economy is shipping. One of Nova Scotia's businesses, Point Tupper, supplies Halifax ("the world's largest oil carriers”) and other facilities, such as large container ships. Nova Scotia also depends upon their telecommunications system for Internet access and cellular network for their daily communication.
Source: "Nova Scotia, Province, Canada" (Barry Moody and Brendan Anthony O'Grady)
The farming industry mainly works on providing diary products, eggs, poultry, fruit, and livestock. The forestry industry provides many saw mills and big pulp and paper mills. In addition, forestry is also expanding both maple syrup and Christmas tree production companies.
The fishing industry, which involves catching, processing, and exporting seafood, is still considered valuable, but the industry is continuing to shrink. The cod stocks, for instance, have almost disappeared entirely, although this used to be considered a very traditional part of the Nova Scotia fishing industry. On the other hand, businesses that handle lobster, scallops, and other shellfish, as well as herring, and haddock continue to be significant to Nova Scotia's economy. Aquaculture is becoming more important than ever to Nova Scotia.
Mining is also another major part of Nova Scotia economy. Originally, coal was the most valued, mined product, but in the 20th and 21st centuries, several coal mines were forced to close down. Today, salt and anhydrite are extremely popular and constantly in demand by society. Nova Scotia puts in about three-fourths of Canada's provincial gypsum supplies. Nova Scotia also has plenty of barite and construction materials, specifically, sand and gravel.
The economy of Nova Scotia also depends on smaller businesses, such as metal production, wood production and other paper related businesses as well as food processing, etc. Almost all of Nova Scotia's labor force is employed by private and public services. Tourism is a huge part of the economy in Nova Scotia. Millions of people visit every year. In addition, over one-fourth of Nova Scotia's workers have jobs in "knowledge-based service industries." These industries include education, telecommunications, and computer technology. Jobs such as teaching and working as university professors are much more popular jobs amongst the Nova Scotians than all of the construction industries and forestry industries combined. Moreover, Nova Scotia's economy is very dependent on Canadian Military Forces and it benefits from various fees and taxes paid by its citizens.
Another major part of Nova Scotia's economy is shipping. One of Nova Scotia's businesses, Point Tupper, supplies Halifax ("the world's largest oil carriers”) and other facilities, such as large container ships. Nova Scotia also depends upon their telecommunications system for Internet access and cellular network for their daily communication.
Source: "Nova Scotia, Province, Canada" (Barry Moody and Brendan Anthony O'Grady)