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NWT Market Research
View the most recent Economic Fact Sheet, various industry profiles, and newsletters.
Economic Fact Sheet
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Economic Fact Sheet - September 2007 |
| The Northwest Territories covers a vast area accounting for 13.5% of Canada’s landmass, with a population of almost 42,000. The territory has a rich and diversified resource base which supports a thriving and strong economy. The government of the Northwest Territories is building on this foundation by promoting diversified resource development
and value-added processing. Read more... |
Industry Profiles
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Industry Profile - Transportation |
| The transportation industry includes some of the NWT’s largest companies, including Canadian North, RTL Robinson Enterprises Ltd, First Air and NTCL. The industry is a major employer. In 2004, industry employment averaged 2,100 people, between nine and ten percent of total NWT employment (2006). Read more... |
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Industry Profile - Construction |
The construction industry accounted for 7 percent of the NWT’s Gross Domestic Product in 2004 and 8% of territorial jobs in 2004, employing an average of more than 1,500 per month (2006). Read more... |
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Industry Profile - Trade & Services |
Trade and service businesses are a major force behind economic growth and development in the NWT. Development of the industry is key to maximizing opportunities from development of NWT resources and tourism. Businesses in this industry are major employers, and contribute towards a
diverse and stable labour market (2006). Read more... |
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Industry Profile - Agriculture |
| The NWT agriculture sector is not a major contributor to the GDP of the Northwest Territories but from a production point of view there is vast potential. More research is necessary to gain a better understanding of the costs of production and levels of return at a scale that is suitable for the Northwest Territories (2005). Read more... |
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Industry Profile - Mining |
Unlike other sectors of the economy, little or no government incentives or financial support is required for most mining operations. However, the industry does require consistency in the application of regulations, stability in land access and tenure processes, a modern geological database, and a positive investment climate. The industry provides significant northern employment with relatively high wages (2005). Read more... |
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Industry Profile - Fisheries |
| Fish stocks in the Northwest Territories are harvested for subsistence, commercial and recreational use. Fisheries are particularly important to residents of smaller communities in the NWT where the subsistence catch makes a crucial contribution to a healthy diet, and commercial harvests offer an opportunity for cash in communities where income-earning opportunities are limited (2005). Read more... |
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Industry Profile - Oil and Gas |
| Oil and gas is the Northwest Territories’ (NWT) second largest export. The sector produces export goods and creates direct jobs as well as jobs in the service and construction sectors. Incremental gas development is moving north from Alberta, but full scale development depends on the Mackenzie Valley Gas Project (2005). Read more... |
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Industry Profile - Energy |
| Energy is a fundamental ingredient for any economy, especially in the Northwest Territories where climate and isolation make energy an even greater concern for economic health. While the NWT is poised to become a major exporter of natural gas, there is still a heavy reliance on imports to fulfill domestic needs (2005). Read more... |
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Industry Profile - Wildlife |
| Domestic and commercial wildlife use is an integral part of the NWT economy in terms of its support of
traditional culture and import replacement value. The NWT is home to a wide range of wildlife: Caribou,
muskox, wolves, arctic fox, polar bears and grizzly bears live in the barrenlands, the arctic coast and ocean is home to large marine mammals such as whales, and seals, big game animals such as caribou, Dall's sheep, bison, and moose furbearers including lynx, fox, beaver, marten, muskrat, and a host of other species inhabit forested regions and over 200 species of birds breed and stage in the NWT. Read more... |
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Industry Profile - Forestry |
| The forested area of the Northwest Territories is 33.3 million hectares, according to a new National Forest Inventory Report (CanFI 2001), which represents 8% of all of Canada's forested lands. The Government of the Northwest Territories has a forest inventory program assessing this significant northern resource (2005). Read more... |
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Industry Profile - Manufacturing |
| The NWT cannot offer many of the competitive advantages, such as low wages, transportation, operating costs, or sufficient market that would attract large manufacturing investment although potential does exist. New investment in the resource sectors have specific needs that can be filled through local manufacturers and opportunities still exist for small-scale manufacturing targeting the unique needs of northern markets (2005). Read more... |
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Industry Profile - Tourism |
| Tourism is the largest of all renewable based industries in the Northwest Territories. It is a significant export industry that brings new dollars into the economy and generates employment for many northerners. The NWT has a vast array of unique natural and cultural attractions, and draws people from around the world (2005). Read more... |
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Industry Profile - Arts & Crafts |
| The Arts industry is integral to the economic, social and cultural fabric of the Northwest Territories.
The production of NWT arts and fine crafts is primarily a cottage-based industry. This sector is
extremely diverse and includes sub-sectors such as performing, literary and visual arts, publishing and film and video production (2005). Read more... |
Economic Newsletters
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Economic Newsletter - Volume 10 |
| GDP growth and decline due to mineral production, major new investments, community incomes and mining, and coming events. Read more... |
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Economic Newsletter - Volume 9 |
| Fuel prices, banking services, information on trade, federal food mail program and the risk capital tax credit program. Read more... |
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Economic Newsletter - Volume 8 |
| Employment rate, income earned by non-residents, apartment rental fees, corporate revenues and profits and exploration and deposit appraisals. Read more... |
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Economic Newsletter - Volume 7 |
| NWT labour force activity, consumer price index for Yellowknife, GDP for the NWT, private and capital expenditures for 2004, rubber tire tourism for 2004 and Canadian visitors by provincial origin. Read more... |
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Economic Newsletter - Volume 6 |
| Fuel prices compared, car sales, oil and gas activity, where people work in the NWT and Canada, capital investment trends, source of immigration to the NWT and household spending. Read more... |
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Economic Newsletter - Volume 5 |
Changes in community employment, day care costs in Canada, population distribution, further manufacturing research, NWT house prices in Canada and changes in income distribution. Read more... |
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Economic Newsletter - Volume 4 |
| Record year for NWT and Canadian home prices, Day care costs in the NWT compared to rest of Canada, and population trends. Based on the 2004 Labor Force Survey, the NWT has created 1320 net new jobs since 1999 with large employment gains in Lutselk’e and Fort Resolution and a general decline in the Sahtu region. Read more... |
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Economic Newsletter - Volume 3 |
| GDP growth, tourism and 911/SARS, summary of trade activity, manufacturing survey, per capita incomes, household spending survey results, saving money with wood heat. Read more... |
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Economic Newsletter - Volume 2 |
| Diamond impacts on investment, diamond mines, export sales, polishing plants, impact on the Dogrib communities, Rae-Edzo incomes compared to Fort Simpson. Read more... |
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Economic Newsletter - Volume 1 |
| Capital investment in the economy, trade trends, summer visitation and lost wages to southern workers. Read more... |
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