Economy

Edit This
Nunavut, administrative region of Canada. Nunavut is located in the eastern Canadian Arctic and is Canada's largest and newest territory, making up nearly 20 percent of the country. This territory was created on April 1, 1999, when the Northwest Territories was split into a western part, still known as the Northwest Territories, and an eastern part, known as the Territory of Nunavut.

Construction and the services sector — the construction industry has flourished as it builds government offices and houses needed for the new government of Nunavut. The services sector includes private businesses springing up to sell goods and services to the influx of public servants.

Tourism — contributes $50 million annually to Nunavut's economy, and is forecast to reach $50 million this year because more visitors (18,000 up from 12,000) are expected to visit Nunavut during its inaugural year.

Fur industry — traditionally a very important sector. Trade in white arctic fox pelts in the early 1900s was lucrative until supply dwindled out. Recently, there has been more interest from the fashion industry in seal fur designs and it's hoped this will help revive the sealing industry.

Arts and crafts — estimated to contribute at least $20 million each year with 2,500 people earning some or all of their income from arts and crafts.

Fish -  there are almost no fish but some inuit to the north sell fish to the rare tourists that vist that region








































































































































































































































































































trmcgfncj






Destinations in Nunavut