Invest in Canada
investincanada.gc.ca
Quebec
- Total area: 1,667 441 km2
- Capital: Quebec City
Demographics1 (2008)
Population of the province
- 7.700 million
- French is the official language
- Highly bilingual and multilingual workforce
Population of metropolitan areas (000s)
- Montréal: 3,600
- Quebec City: 728.9
- Gatineau: 242.1
- Sherbrooke: 163.7
- Saguenay: 145.0
- Trois-Rivières: 128.0
Total labour force (000s)
Employment by industry (%)
- Manufacturing: 14.1
- Construction: 5
- Primary Industry: 2.6
Economy2 (2008)
- Real GDP Growth: 2.2%
- Unemployment Rate: 7.0%
Total international trade ($CDN billions)
- Exports: 69.9
- Imports: 80.7
Trade and Investment3 (2007)
International export markets (%)
- United States: 74.7
- Europe: 14.1
- Asia: 4.7
Business and Investment Environment
- GDP of CDN $301 billion in 2008, 60% generated by the service sector
- GDP per person 18th in the OECD, comparable to Germany and Italy , surpassing Spain
- Tax rates on business profits among the lowest in North America
- Tax incentives and labour force assistance and training programs ($2.5 billion annually)
- Exports account for 33% of GDP , with 72% of international exports shipped to the US
- Access to NAFTA market of over 440 million consumers
- A market of 110 million consumers within a 1000 km radius
- Within a 600 mile radius of Boston , New York , Washington and Detroit
- #1 exporter of newsprint, 2nd largest magnesium producer and 4th largest aluminum producer in the world
- The St. Lawrence Seaway offers easy access to the industrial heart of North America
Sectoral Strengths
Aerospace
- Internationally, the Greater Montréal region is considered one of the major world centres for aeronautics, on the same level as Seattle, Wichita and Toulouse.
- 62% of overall Canadian aerospace industry production takes place in Québec, where sales reached some CDN$12 billion in 2007.
- The prominence of this industry is reflected in the presence here of major prime contractors and technical centres such as Bombardier Aerospace, Bell Helicopter Textron, CAE, Pratt & Whitney Canada, ACTS, Rolls-Royce Canada, as well as world-class manufacturers like GE Canada, Héroux-Devtek, Lockheed Martin, Rheinmetall Canada, MDA Space, Esterline/CMC Electronics, Messier-Dowty and Thales Avionics.
- In addition, the Canadian Space Agency has its headquarters in Québec, and is the site of important R&D initiatives in space technology, key among them the development of robotic arms (Canadarm) for space shuttles and International Space Station.
Life Sciences industry
- Canada is home to nearly 500 biotechnology firms—Most of which are in the health sector, where a total of 67 companies employ over 2,300 people.
- Québec has the fourth-highest number of biotechnology companies of any province or state in North America.
- Some 30 international pharmaceutical companies have their Canadian head offices in Québec.
- The ten largest pharmaceutical companies in the world have operations in Québec: their Canadian head office, important sites for fundamental research or major manufacturing facilities.
Information technology
- Québec has become one of North America's leading high-technology centres. The information-, communications- and computer-technologies sectors are all incredibly dynamic.
- Software and multimedia companies that are internationally recognized for their creativity and knowledge
- Montreal is the key site for a number of leading edge companies, demonstrated by several world leaders in manufacturing and research situated in the wireless telecommunications field.
- A leading international producer of interactive games, animation and 2D and 3D special effects.
Other sectors of excellence
- Agri-food
- Automotive and surface transportation equipment
- Light metals
- Microelectronics
- Multimedia
- Telecommunications
Online Resources
- The sources used in this section are: 1) Québec Handy Numbers, 2007 Edition, published by l'Institut de statistique du Québec -ISQ (Data on the population, population of metropolitan areas, languages, and the total area); 2) L'Écostat, Full version, March 2007, published by ISQ - l'Institut de la statistique du Québec (Data on total labor force and employment by industry). (return to source paragraph)
- Sources: 1) ISQ web site, Press releases, March 27th, 2007; 2) ISQ- Banque de données des statistiques officielles sur le Québec (CPI inflation); 3) Québec Handy Numbers, 2007 Edition (for Unemployment rate); 4) L'Écostat, Full version, March 2007 (Total international trade). (return to source paragraph)
- Source: L'Écostat, Full version, March 2007. (return to source paragraph)