Are you looking for storage spaces for rent in The Northwest Territories? Take a look into the listings above to discover the ideal space for you.The Northwest Territories (NWT) is an area of immense natural beauty, spanning over 1.17 million square kilometers and boasting a variety of terrain and climates. In addition to its natural beauty, the NWT is also home to a range of industries, including agriculture, forestry, fishing, and mining, that are key drivers of the NWT economy.
Agriculture is one of the main industries in the NWT, with farmers and ranchers producing a variety of products, including hay, livestock, and grains. The agricultural sector also contributes significantly to the local economy through employment, with the sector employing nearly 1,800 people in 2019, accounting for around 5% of the total labor force. The sector also contributed 8.3% of the region's GDP in the same year.
The forestry industry is also a major source of employment and economic activity in the NWT. The industry employs over 1,700 people and contributes 8.1% of the region's GDP. The NWT is home to a variety of forest resources, including spruce, balsam fir, and white pine, which are used to produce lumber, pulp, and paper products.
Fishing is another important industry in the NWT, with fishermen and fish processors harvesting and processing seafood products for the domestic and international markets. In 2019, the industry employed over 1,400 people and contributed 6.6% of the region's GDP.
Mining is another key industry in the NWT. The region is home to a variety of mineral resources, including gold, diamonds, and uranium, which are mined and processed for use in a variety of industrial and consumer products. Mining is a major source of employment in the region, employing over 1,100 people and contributing 8.2% of the region's GDP.
Overall, the industries in the NWT have a significant impact on the region's economy, providing employment and economic activity. In 2021, the total economic output of the NWT was estimated to be around $4.9 billion CAD, with the industries discussed above contributing over 45% of that total. The region also ranks second in Canada in terms of per capita GDP, demonstrating the significant economic impact of the industries in the NWT. (https://www.wikiwand.com/en/List_of_Canadian_provinces_and_territories_by_gross_domestic_product#GDP_and_per_capita_GDP,_2021)