Nunavut tops in Canada for real GDP growth: Statistics Canada

This Statistics Canada graph shows how Nunavut’s real gross domestic product growth stacks up against Canada’s other provinces and territories.

Real gross domestic product increased in every province and territory in 2010, Statistics Canada reported Nov. 8.

Real gross domestic product refers to the market value of all goods and services produced within a given period — and growth is considered to be a good economic signal.

Statistics Canada says Nunavut recorded the largest increase of any province or territory in Canada — Nunavut’s real GDP advanced 11 per cent in 2010.

Nationally, the real GDP increased 3.2 per cent following a 2.8 per cent contraction in 2009.

The reason for Nunavut’s jump, according to Statistics Canada: Agnico-Eagle’s Meadbowbank gold mine that began production in 2010.

This sharply upped the territory’s exports.