St. John's is the capital and largest city of the Canadian province of Newfoundland and Labrador. It is located on the eastern tip of the Avalon Peninsula on the large Canadian island of Newfoundland. The city is the easternmost city in North America. The St. John's Metropolitan Area is Canada's 20th largest metropolitan area and the second-largest Census Metropolitan Area (CMA) in Atlantic Canada. Its history and culture have made it into an important tourist destination.
St. John's economy is connected to both its role as the provincial capital of Newfoundland and Labrador and to the ocean. The civil service which is supported by the federal, provincial and municipal governments has been the key to the expansion of the city's labour force and to the stability of its economy, which supports a sizeable retail, service and business sector. The role of the ocean is now tied to what lies beneath it – oil and gas. The city is the centre of the oil and gas industry in Eastern Canada and is one of 19 World Energy Cities. ExxonMobil Canada is headquartered in St. John's and companies such as Chevron, Husky Energy, Suncor Energy and Statoil have major regional operations in the city Three major offshore oil developments, Hibernia, Terra Nova and White Rose, are in production off the coast of the city and a fourth development, Hebron, is estimated to contain over 700 million barrels of producible hydrocarbons.
The economy has grown quickly in recent years. At $52,000 the city's per capita GDP is the second highest out of all major Canadian cities. Economic forecasts suggest the city will continue its strong economic growth in the coming years not only in the "oceanic" industries mentioned above, but also in tourism and new home construction as the population continues to grow. St. John's is also becoming known as an entrepreneurial city. A report by the Canadian Federation of Independent Business, Communities in Boom: Canada’s Top Entrepreneurial Cities, St. John's was ranked the best major city in Atlantic Canada and 19th overall in Canada for providing a good environment for small business development.
St. John's has a population of over 108,900 people. St. John's also forms part of the wider St. John's metropolitan area which has a population of over 219,207 people. St. John's is the #368 hipster city in the world, with a hipster score of 1.9943 according to the Hipster Index which evaluates and ranks the major cities of the world according to the number of vegan eateries, coffee shops, tattoo studios, vintage boutiques, and record stores per 100,000 city residents.