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Economic environment

Overview of the Québec City region 

839 000

residents in 2021

455 000

workers in 2019

6

universities

15

colleges and Cégeps

A major economic hub 

Québec City is the second-most important economic hub in the province of Quebec and the seventh in Canada.  

What makes the economic situation unique in Québec City and its metropolitan area: 

  • An outstanding economic performance 
  • A decrease in the labour force (aging, retirement, etc.) 
  • An unemployment rate among the lowest in Canada 

Cutting-edge activity sectors 

High-technology is one of the main development areas in the Québec City region:  

  • Optics and photonics 
  • Life sciences 
  • Insurance and financial services 
  • ICT and electronics 
  • Food processing  
  • Green and smart buildings  

These sectors contribute to the region’s strength and make Québec City shine worldwide. 

A dynamic business environment

  • A regional market of over 836,000 people
  • Over 20,996 businesses (Statistics Canada, 2019) 

 

In 2018, 25 of the 27 localities within the Québec City CMA were in the first quintile of the economic vitality index!

 

If you represent a company that is looking to develop a subsidiary in our region, or if you wish to start a business, fill out a contact form with Québec International. 

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