Economic information of Svalbard and Jan Mayen Islands

Svalbard and Jan Mayen Islands are two separate territories within Norway and are often considered together. However, they differ economically. Svalbard is an archipelago located in northern Norway. Here, in accordance with the Svalbard Treaty of 1920, citizens of Norway and other countries are granted equal economic rights. The main economic activities in Svalbard are coal mining, tourism and research. Coal is the island's most important export product, and the Norwegian state oversees coal mining activities. Tourism has developed especially as nature tourism and polar tourism. Longyearbyen, located in Svalbard, is the largest residential area and tourist center on the island. Jan Mayen Island is an island located in the Greenland Sea of ​​Norway. Economic activities are very limited on this island. There is only one weather station and one radio station on the island. There are no activities such as tourism or trade on Jan Mayen Island. The people living on the island consist of personnel and researchers appointed by the Norwegian state. The economy of Svalbard and Jan Mayen Islands is supported by the Norwegian state. People living in these regions benefit from Norwegian social security and other government supports.



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Economic information of Svalbard and Jan Mayen Islands

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