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WELCOME TO QUÉBEC INTERNATIONAL’S ECONOMIC INFORMATION CENTRE

Here you will find reliable statistics and rigorous analyses on the economic environment of the Québec City metropolitan region.

Every fiscal quarter, we paint a portrait of the region's economic environment and analyze key economic indicators that help to assess regional performance as well as compare economic variables with those of seven other metropolitan areas in Canada: Montréal, Toronto, Ottawa, Winnipeg, Calgary, Edmonton et Vancouver. Four main indicators are selected: economic growth, the labour market, investments and tourism. The analyses on the economy of the Québec City metropolitan region are based on statistical data published by recognized organizations.

THE QUÉBEC CITY METROPOLITAN REGION : SOLID ECONOMIC GROWTH FOR THE FIRST QUARTER OF 2010

The Quebec City census metropolitan area registered solid economic growth in the first quarter of 2010.GDP increased by 1.9% on an annualized basis, surpassing the figures recorded at the end of the recessions of 1991 (+1.7% in Q1-1992) and 1996 (+1.3% in Q1-1997). This recovery, which is based on the performance of all sectors, points to an enviable economic vitality. In this regard, construction starts involving new housing projects, office buildings and businesses supported the real estate sector. In addition, the gradual recovery of new orders benefited high-tech companies and also helped to minimize the downturn in the manufacturing sector.

According to our forecast scenario, Quebec City's economy will continue to grow over the rest of the year. A number of major projects will stimulate residential and non-residential investments. The presence of structured sectors of excellence (finance and insurance, optics/photonics, biotechnology, health foods, etc.) will support the competitiveness of regional companies. In addition, the gradual turnaround of the US economy will lead to a moderately higher number of new orders of manufactured goods. Although not completely immune, the Quebec City region should also be able to adapt to certain constraints, such as the gradual discontinuation of expansionist government policies and the impact of the turbulence observed in Europe.

 
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Economic statistics
Real GDP
 Q4-2015Q4-2014
Quebec City CMA+1.2% +1.4%
Quebec (province)+1.1%+0.8%
Canada+1.2% +2.2%
Labour market
 Q2-2016Q1-2016
Quebec City CMA432,500 (-0.1%)432,800 (-2.8%)
Quebec (province)4,111,100 (+0.2%)4,104,900 (+0.1%)
Job creation
 Q2-2016Q1-2016
Quebec City CMA(300)(12,500)
Quebec (province)+6,200 +2,200
Unemployment rate
 Q2-2016Q1-2016
Quebec City CMA4.1%5.1%
Quebec (province)7.2%7.6%
Capital investment
 2015f2014f2013
Quebec City CMA5.1 B$ (+6.7%)4.8 B$ (-17.6%)5.8 B$ (+11.5%)
Quebec (province)37.3 B$ (+2.7%)36.3 B$ (-5.3%)38.4 B$ (-4.5%)
Venture capital - Quebec City CMA
(total invested)
2015201420132012
69 M$ (+73.8%)39.7 M$ (+59%)25 M $ (-50.1%)50.1 M$ (+159.3 %)
Office buildings
(Q2-2016)
 Vacancy rateAverage net rent
Quebec City CMA9.0%11.63 $ / sq ft
Downtown Quebec City8.7%11.02$ / sq ft
Ste-Foy8.5%13.00$ / sq ft
Northwest sector11.8%11.70$ / sq ft
Lévis5.4%n/a
Disposable personal income per capita
 Q4-2015
Quebec City CMA34,468 $ (+0.5%)
Quebec (province)27,056 $ (+0.5%)
Canada31,380 $ (+0.3%)
Average wage
 Q4-2015
Quebec City CMA42,337 $ (+1.6%)
Quebec (province)41,783 $ (+1.5%)
Canada49,168 $ (+1.1%)
Inflation rate
 Q4-2015Q4-2014
Quebec City CMA+0.9% +1.6%
Quebec (province)+1.0%+1.6%
Canada+1.4%+1.9%
Retail Sales (B$)
 Q4-2015Q4-2014
Quebec City CMA13.7 (+2.6%)13.3 (+0.5%)
Quebec (province)110.5 (+2.1%)108.7 (+0.7%)
Total population (M)
 20152036p
Quebec City CMA806,359 (+11 % vs 2005)901,100 (+11.7 % vs 2015)
Quebec (province)8,236,600 (+8.7 % vs 2005)9,394,70 (+13.7 % vs 2015)
Active population
 2015
Quebec City CMA463,600 (+1 % vs 2014)
Quebec (province)4,432,100 (+0.7% vs 2014)
Housing starts - Quebec City CMA
Q2-20161,588 (+0.6%)
Q1-2016555 (-35.3%)
Q4-20151,394 (+43.1%)
Q3-20151,612 (+4.95 %)
Residential vacancy rate
 October 2015October 2014
Quebec City CMA4.0 %3.1 %
Quebec (province)4.3 %3.7 %
Sources: Conference Board of Canada, Statistics Canada, Quebec Institute of Statistics (ISQ), Emploi-Québec, Altus Group and Canada Mortgage and Housing Corporation.
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