Canada's easternmost province is Newfoundland and Labrador. It is situated in the nation's Atlantic area, and includes the mainland Labrador region, that is situated northwest of the island of Newfoundland. Together, these two land masses cover a combined area of 156,500 square miles or 405,212 square kilometers.
The projected population of the province is almost 510,000 residents, based on new statistics. Nearly all of the provinces residents, practically 94 percent reside on the main island and the smaller islands in the region. More than half of the population lives on the Avalon Peninsula. There are particular dialects on the island of French, Irish and English. Within Labrador, the English dialect is similar to that of Newfoundland. On the mainland Labrador there are also dialects of Inuktitut and Innu-aimun.
St. John's is the capital city of Newfoundland and Labrador that is likewise the largest city. The city of St. John's is also the 20th biggest out of Canada's Census Metropolitan Area. The city of St. John's is home to approximately forty percent of the province's population. It is home to the House of Assembly of Newfoundland and Labrador. As well as being the seat of government, Saint John's is additionally home to the Newfoundland and Labrador Court of Appeal, which is the highest court in the jurisdiction.
Formerly a colony and dominion of the United Kingdom, Newfoundland and Labrador became the tenth province to enter the Canadian Confederation on March 31, the year 1949, as Newfoundland. An amendment was made to the Constitution of Canada on the 6th of December, the year 2001, to officially change the name to Newfoundland and Labrador. Usually, in daily conversation, individuals from Canada still refer to the province itself as Newfoundland. They usually refer to the region situated on the Canadian mainland as Labrador.
The origin of the name Newfoundland is derived from English as "New Found Land" and is a translation from the Latin Terra Nova. It is unsure where the origin of Labrador originates from; it has been credited to Joao Fernandes Lavrador, a Portugese explorer.
For many years the province has gone through some depression in the economy as Newfoundland and Labrador saw massive unemployment following the collapse of the cod fishery. During this time the number of people decreased by roughly sixty thousand. In recent years, the economy of the province has rebounded because of significant oil discoveries offshore and mining. The number of people has stabilized, unemployment rates have decreased and there has been a few moderate development within the area. The province of Newfoundland and Labrador have become ridden of their "have not" status due to recorded record surpluses.
The largest share of GDP has been accounted for by service industries such as health care, public administration and financial services. Oil production, mining and manufacturing make up other significant industries. In 2010, the total workforce of the province of Newfoundland and Labrador was recorded at around 263,800 people. In the year 2008, the GDP per capita was 61,763 which was 3rd only to the provnces of Alberta and Saskatchewan amongst the provinces of Canadathe nation and was higher compared to the national average.
Even these days, the fishing business still remains a very important part of the provincial economy Every year, the fishing economy contributes more than four hundred forty million dollars to the GDP and hires twenty six thousand individuals. The main fish harvested consist of cod, haddock, mackerel and herring, coming in at 165,000 tons during 2006, valued at about one hundred thirty million dollars. That same year, shellfish such as crab, shrimp and clams accounted for two hundred fifteen thousand tons at a value of three hundred sixteen million dollars. The seal hunt and its products accounted for $55 million.