The chart above shows in million dollar value the various industries in Newfoundland and Labrador. The two biggest industries are mining and forestry.
MINING
The mineral industry of Newfoundland and Labrador is very important to the economic health of the province. Exports of mining products have been rising in value since the early 1990s and are commonly of greater value than those of forestry, fish or refined petroleum products.
FORESTRY
The island of Newfoundland contains 15 million acres of forest, of which more than nine million acres are called productive. Most of these are located in the western and central areas of the island, representing 56% of the island's land area. In Labrador there are 13 million acres of productive forest, located mainly in the valleys of the Churchill, Alexis, Eagle, and Kaipokok rivers. Most of Newfoundland's productive forest consists of softwood species: balsam fir and black spruce. The hardwood found in the region is mainly white birch.
(Forestry is when they cut down trees and then plant them again.)
MINING
The mineral industry of Newfoundland and Labrador is very important to the economic health of the province. Exports of mining products have been rising in value since the early 1990s and are commonly of greater value than those of forestry, fish or refined petroleum products.
FORESTRY
The island of Newfoundland contains 15 million acres of forest, of which more than nine million acres are called productive. Most of these are located in the western and central areas of the island, representing 56% of the island's land area. In Labrador there are 13 million acres of productive forest, located mainly in the valleys of the Churchill, Alexis, Eagle, and Kaipokok rivers. Most of Newfoundland's productive forest consists of softwood species: balsam fir and black spruce. The hardwood found in the region is mainly white birch.
(Forestry is when they cut down trees and then plant them again.)