In this report, APEC’s analysis of the economic contribution of nonprofits shows a clearer picture of the impact of this important sector. The study notes that the sector’s contribution to GDP was valued at $1 billion in 2017; with indirect and induced impacts this grows to $1.7 billion. Nonprofits employ 20,000 people and account for 4.5% of Nova Scotia jobs. This makes the sector similar in size as Nova Scotia’s financial services industry.
While many may appreciate the social contribution of nonprofits, few people truly understand their economic impact or the challenges that are keeping the organizations in this sector from fulfilling their potential.
This project was commissioned by the Community Sector Council of Nova Scotia (CSCNS).