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Cape Spear, September 2008. Copyright © 2008, Edwin Neeleman
Cape Spear, September 2008.

Service industries make up the largest sector of Newfoundland and Labradorís economy, contributing approximately three-fifths of the GDP. Service industries are largely concentrated in St. Johnís 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.