Nunavut’s offshore fishery contributes $112M to territory’s economy: report – Nunatsiaq News
Nunavut Fisheries Association hopes results will bolster support for industry
Members of the Nunavut Fisheries Association contributed $112 million to the territory’s gross domestic product and created nearly 1,000 full-time jobs in 2019.
This comes from an independent study, commissioned by the association.
“We’ve always been saying we’ve had a lot of impact, and we’re landing a lot of really high value in the way of fish. But to get an independent study done was what we really needed to do to show that in the proper way,” said Brian Burke, executive director of the NFA.
The study, The Economic Impact of the Nunavut Fisheries Association’s Members, was done by OMX, which specializes in analyzing the economic impacts of different sectors.
Burke said the impact of NFA members on Nunavut’s economy isn’t easily appreciated by many, given the lack of a deep-water port in the territory that’s usable by the offshore fishery.
