Services
Cape Spear, September 2008.
Service industries make up the largest sector of Newfoundland and Labrador’s economy, contributing approximately three-fifths of the GDP. Service industries are largely concentrated in St. John’s and include such activities as banking and finance; insurance and real estate; government services; and retail and wholesale trade.
Tourism is an important part of the service sector in Newfoundland and Labrador and is of growing value to the economy.