The NWT's economic outlook for the next decade demonstrates the need to diversify the economy and attract investors to the North.

In 2019, a year after the projected closure of Ekati Diamond Mine and when Diavik Diamond Mine will be at the tail end of operations, the NWT's gross domestic product (GDP) will begin to nosedive, according to projections in the Department of Industry, Tourism and Investment's latest economic outlook report.

That same report hangs our hopes of economic growth on the launching of Gahcho Kue, Prairie Creek, NICO, Tyhee and Avalon mining projects.

If each of those mines comes on stream on schedule, the GNWT is predicting our GDP will hit a record high of $4.236 billion in 2017. If they fail to enter the production stage, our GDP could plummet to $2.022 billion.

http://www.nnsl.com/frames/newspapers/2012-08/aug10_12edit.html