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ECONOMIC overview OF THE QUEBEC CITY METROPOLITAN AREA

ECONOMIC overview OF THE QUEBEC CITY METROPOLITAN AREA. Presentation DFAIT October 3 rd , 2011. ABOUT QUÉBEC INTERNATIONAL.

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ECONOMIC overview OF THE QUEBEC CITY METROPOLITAN AREA

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  1. ECONOMIC overview OF THE QUEBEC CITY METROPOLITAN AREA Presentation DFAIT October 3rd, 2011

  2. ABOUT QUÉBEC INTERNATIONAL • Québec International contributes to the Quebec Metropolitan Area’s economic development and enhances its international status by supporting keys sectors, fostering business growth and attracting talent and investment to the region.

  3. OUR MANDATES • Attracting foreign investment • Attracting qualified foreign workers • Promoting the region’s competitive business environment • Supporting trade and market development • Fostering business competitiveness and cluster development through innovation and access to financing

  4. OUR BUSINESS LINES • Business growth support • Economic reporting and strategic monitoring • Investment prospecting and promotion • Cluster development and support

  5. Regional economic context The Quebec City region recorded one of Canada’s highest growth rates in 2010 -GDP: +2.9% in 2010 - Employment: + 15,000 jobs/unemployment rate: 4.9% - Investments: $17 billion will be invested by 2020 For 2011 - More modest growth in 2011: +2% - A number of jobs have yet to be filled - Many residential and non-residential projects under way - Personal incomes are still catching up gradually

  6. Presentation of economic INDICATORS

  7. Quebec City CMA Sustained growth in 2010: +2.9% All sectors contributed to growth in 2010 No rebound effect as in most other Canadian census metropolitan areas (CMAs) REAL GDP : SUSTAINED growth for THE Quebec City CMA in 2010

  8. $18.3 billion spread over 346 ongoing projects and announced

  9. Quebec City CMA: the lowest unemployment rate in Canada

  10. Enviable economic vitality supported by six key sectors

  11. six key sectors

  12. KEY INDUSTIES OVERVIEW Data compiled for the Québec City metropolitan region Note : * Turnover in Finance and Insurance based on GDP at market prices Source : Quebec International

  13. Major benefits for our sectors of excellence • These sectors include 100,000 jobs through 4,300 companies These sectors contributed to the creation of approximately 60% of new jobs in the region over the past 5 years. • Our clusters have a turnover of $18 billion. Represent 75% of regional GDP. 20 FDI projects completed over the past five years valued at $500 million. • These sectors together 6,000 researchers and assistants in 5 universities and 170 centers, chairs and research consortia The average salary is approximately $63,300 • Province of Quebec ($58,000) The average age in the Life Sciences and ITC/Electronics sectors is between 30 and 35 years old.

  14. THANK YOU Quebec International Economic Development Agency 418-681-9700 1-877-681-9700 info@quebecinternational.ca http://quebecinternational.ca/services

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