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Economic Snapshot of the Quebec City Metropolitan Region

OVERVIEW

8th largest metropolitan region in Canada (number of residents )
3 349 km2 Land area
812,205 Population (2017)
462,000 Working population (2017)
442,800 Number of jobs (2017)
$CA 34.6G GDP (2017)
$CA 42,916 Average income (2017)
$CA 30,699 Disposable income (2017)
4.2% Unemployment (2017)
$CA 10.1G Value of public and private investment projects underway or announced (2017)
$CA 9.5G Value of manufacturing exports (2012 data)
1,330 firms exporting outside Quebec (2010 data)

The Quebec City metropolitan region has undergone exceptional economic growth in recent years. Capitalizing on its diversified economy and the development of key industries with high growth potential, the region is now playing a key role on the world stage.

As the provincial capital and seat of the Quebec government, the region is home to the headquarters of 101 government agencies (accounting for 37,000 jobs), in addition to the Parliament Buildings (National Assembly). But it is also noted for the dynamic growth of four key industries: insurance and financial services, ITC and electronics, life sciencesfood processing and green and smart building.

This information centre includes reliable statistical data and rigorous analyses of the regional economic situation. In addition, please take a moment to look over our various publications:

Economic publications
In-depth analyses

  • Comparative economic studies
  • Reports and annual outlooks and quarterly analysis
  • Quarterly and monthly analyses of regional indicators (Unemployment rate, Value of building permits, GDP growth, etc.)
  • Information tools on the investment climate

Annual reports and outlooks
Summary picture of the main economic indicators:

  • Economic growth
  • Labour market
  • Investments
  • Residential housing market
 
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Economic statistics
Real GDP
 Q1-2018Q1-2017
Quebec City CMA+2.5% +1.8%
Quebec (province)+3.0%+2.8%
Canada+3.0% +2.4%
Labour market
 Q1-2018Q4-2017
Quebec City CMA457,400 (+2.3%)447,500 (+0.7%)
Quebec (province)4,279,600 (+2.0%)4,283,900 (+2.0%)
Job creation
 Q1-2018Q4-2017
Quebec City CMA+10,500+3,100
Quebec (province)+85,000 +84,700
Unemployment rate
 Q1-2018Q4-2017
Quebec City CMA3.6%3.9%
Quebec (province)5.6%5.0%
Capital investment
 2017f2016f2015
Quebec City CMA3.8 B$ (+7.7%)3.5 B$ (-36.2%)2.6 B$ (-19.4%)
Quebec (province)35.9 B$ (+3.2%)34.8 B$ (+0.5%)34.6 B$ (+0.9%)
Venture capital - Quebec City CMA
(total invested)
2016201520142013
30.1 M$ (-57.8%)71.4 M$ (+79.8%)39.7 M $ (+59.0%)25.0 M$ (-50.1%)
Office buildings
(Q4-2017)
 Vacancy rateAverage net rent
Quebec City CMA8.9%11.87$ / sq ft
Downtown Quebec City9.4%11.87$ / sq ft
Ste-Foy7.2%11.47$ / sq ft
Northwest sector10.9%11.32$ / sq ft
Lévis6.5%n/a
Disposable personal income per capita
 2017
Quebec City CMA30,699$ (+1.7%)
Quebec (province)28,541$ (+2.7%)
Canada32,839$ (+2.2%)
Average wage
 2017
Quebec City CMA42,916$ (+1.7%)
Quebec (province)41,185$ (+2.3%)
Canada50,600$ (+2.1%)
Inflation rate
 Q1-2018Q4-2017
Quebec City CMA+1.1% +1.3%
Quebec (province)+1.2%+1.5%
Canada+1.3%+1.5%
Retail Sales (B$)
 Q1-2018Q4-2017
Quebec City CMA15.2 (+3.1%)15.2 (+4.5%)
Quebec (province)128.0 (+3.3%)127.5 (+5.2%)
Total population (M)
 20172036f
Quebec City CMA812,205 (+10% vs 2007)901,100 (+10.9% vs 2017)
Quebec (province)8,394,400 (+9.1% vs 2007)9,394,700 (+11.9% vs 2017)
Active population
 2017
Quebec City CMA462,000 (+0.5% vs 2016)
Quebec (province)4,495,700 (+1.1% vs 2016)
Housing starts - Quebec City CMA
Q1-2018848 (+51.4%)
Q4-20171,812 (+45.1%)
Q3-20172,060 (-6.7%)
Q2-20172,208 (+294.3%)
Residential vacancy rate
 October 2017October 2016
Quebec City CMA4.5%4.9%
Quebec (province)3.4%4.4%
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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