Economy of Quebec
From Wikipedia, the free encyclopedia.

The economy of Quebec is diversified and post-industrial with a strong potential.

Overview

Quebec has a modern post-industrial economy with a positive trade balance. Since the signing of the free trade agreement between Canada and the USA, Quebec exports to the USA have exploded.

In 2002, Quebec had a GDP per capita of $27,601 USD. It imported for $83,363,000,000 USD of goods and services and exported for 92,195,000,000 USD. Approximately 85% of all exports go the the United States.

Strong sectors

Aerospace

Quebec's aerospace industry is ranked 6th in the world for its production value. Montreal is the second aerospace center after Seattle and before Toulouse.

Information technology

Employing over 100,000 workers, Quebec's IT sector is strong and growing. 52% of total Canadian venture capital funding is managed in Québec with 61% of available funds invested in technology.

Particularily strong are the sectors of telecommunications, multimedia software, computer services, microelectronics and components.

Optics and photonics

Biotechnology

Pharmaceutical industry

Tourism industry

Hydroelectricty

Aluminium

Wood

Exports

Imports

Workforce

Unemployment rate: In 2001 the unemployment rate was of 8.7 per cent, an increase of 0.3 per cent from 2000.

Unionization: In 2001, 40.7 per cent of Quebec workers were unionized.

Employment sector: In 2001, 74.7 per cent of Quebec workers worked in the tertiary sector, 18.5 per cent in the manufacturing sector, 2.8 per cent in the primary sector, and 4.0 per cent in the construction sector.

Consumer market

Quebec Inc

See also

• Quebec
• Canada

External link

• Quebec's Institut de la statistique
• Investing in Quebec

The original article can be found at: http://en.wikipedia.org/wiki/Economy_of_Quebec.
All text is available under the terms of the GNU Free Documentation License.