In search of Nunavut's best warehouse spaces for rent? Have a look into the listings above and find the best locations.Nunavut is an expansive territory located in the northern part of Canada. It has an area of over 2 million square kilometers and is home to nearly 37,000 people. The main industries in Nunavut are mining, fishing and tourism, as well as government and public administration. Mining is the largest industry in Nunavut, accounting for over 70% of the territory's GDP and employing more than half of its workforce. The most prominent minerals mined in Nunavut are gold, nickel, copper, cobalt, zinc, diamonds and uranium.
The fishing industry in Nunavut is highly dependent on the abundance of Arctic char, Arctic cod, and other fish species found in the Arctic Ocean. It also employs a large number of people in the territory. The tourism industry in Nunavut is focused on ecotourism, adventure tourism, and cultural tourism. It is estimated that around 60,000 tourists visit Nunavut every year.
In terms of labor, the mining, fishing and tourism industries employ the most people in Nunavut, with mining employing the largest number of people. The Government of Nunavut is the largest employer in the territory, with the majority of its workforce employed in the public service.
Nunavut's GDP is estimated to be around $4.6 billion, with the mining industry contributing the majority of the territory's GDP. The GDP per capita in Nunavut is estimated to be around $118,003. (https://www.wikiwand.com/en/List_of_Canadian_provinces_and_territories_by_gross_domestic_product#GDP_and_per_capita_GDP,_2021)
In terms of economic trends, Nunavut's economy has been growing steadily since 2010, with the mining industry driving much of the growth.
In terms of economic ranking data, Nunavut ranks 1st in the country in terms of GDP per capita, and had a growth rate of 6.7% in 2021 (https://www150.statcan.gc.ca/n1/pub/11-621-m/11-621-m2022013-eng.htm)
Nunavut also has one of the highest unemployment rates at 14.8% (https://www.statista.com/statistics/594996/unemployment-rate-nunavut-canada/)
Overall, the main industries in Nunavut are mining, fishing, and tourism. These industries are instrumental in driving the territory's economic growth and providing employment to its people. Nunavut's economy is growing steadily and the territory's rank in terms of GDP per capita, GDP growth rate, employment rate and average annual wage is among the highest in Canada.