Key Indicators
- Nominal gross domestic product of $1.1 billion in 2005. Real gross domestic product of $875 million in 2005 , an increase of more than 18 per cent (from $739 million) since 1999.
- Nominal retail sales of $250 million in 2005. This represents an increase of 31 per cent from $191 million in 1999.
- Average weekly earnings (including overtime) were $853.28 in 2005, the second highest level recorded among all the provinces and territories.
- Capital investment was estimated at almost $470 million in 2005, an increase of 76 per cent from the value of $265.9 million achieved in 1999. Private investment accounted for over 76 per cent of total investment spending in 2005, the highest share ever attributed to the Nunavut private sector.
- Businesses establishments totalled 897 in June 2006, a 40 per cent increase from the 640 recorded in 1999.
- A rapidly growing population is an indicator of a growing economy. Nunavut’s population was estimated at 30,782 on July 1, 2006, representing an increase of 2.5 per cent from July 1, 2005