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November 24, 2015STOCK AND CONSUMPTION OF FIXED CAPITAL 2014 Statistics Canada has released details of fixed capital assets for 2014. Nova Scotia private non-residential investment (all figures in real terms - adjusted to 2007 constant prices) was 6.6 per cent higher while national investment was down 1.5 per cent. Government non-residential capital investment was down 12.8 per cent in Nova Scotia. Manitoba had the highest growth for both non-residential private (+17.9%) and public (+16.7%) from among the provinces. Real residential investment was down 10.5 per cent in Nova Scotia in 2014 while Canada increased 2.6 per cent with growth in only three provinces: Ontario, Alberta, and British Columbia.
Over the long run, Nova Scotia's real private sector investment per worker has generally lagged the national average, with periodic bursts of activity. In recent years, NS real investment per worker has been short of the national average as investment projects in resource-rich provinces outpaced non-resource provinces. Real capital per worker within the private sector is above national average in only three provinces: Newfoundland and Labrador, Saskatchewan, and Alberta. In the public sector, there is less variations among the provinces in terms of the capital per worker.
Stock and Consumption of Fixed Capital 2014