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May 03, 2019MEASURING DIGITAL ECONOMIC ACTIVITIES IN CANADA, 2010 TO 2017 Statistics Canada has released initial estimates of the economic value of digital economic activities - those that enable or are highly affected by digitization. For example, this includes the information technology equipment that it relies upon to function, as well as e-commerce transactions and the digital delivery of products to consumers. These initial estimates describe the size, growth, and nature of digital economic activities in Canada, the provinces and territories. Estimates were derived using the Canadian supply and use framework and are expressed in nominal basic prices.
GDP in Nova Scotia's digtal economy has increased from $1.483 billion in 2010 to $1.768 billion in 2017. GDP in the digital economy has grown 2.5 per cent, on average (compound annual growth rate), from 2010 to 2017, outpacing growth in the overall economy of 2.1 per cent over the same period.
As a share of GDP, the digital economy has remained relatively stable since 2010 when it was 4.4 per cent of the economy. GDP rose to 5.0 per cent of Nova Scotia's overall GDP in 2015, but has since declined to 4.5 per cent in 2017. The majority of GDP was attributed to telecommunications infrastructure.
The number of jobs in the digital economy has increased steadily from 2010 to 2017 in Nova Scotia. In 2017, there were 16,632 jobs in the digital economy, representing 3.6 per cent of all jobs. The largest share of jobs were related to software infrastructure, and the smallest number were related to e-commerce.
Nationally, the digital economy represented 5.5 per cent of nominal GDP in 2017. As a share of provincial GDP, the digital economy was largest in Ontario (7.1 per cent) and smallest in Saskatchewan (2.5 per cent).
In 2017, the digital economy represented 4.7 per cent of all jobs, nationally. Across the country, Ontario had the highest share of employment in the digital economy (5.7 per cent of jobs) and Newfoundland and Labrador had the smallest (1.9 per cent).
Source: Measuring digital economic activities in Canada, 2010 to 2017
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