a changing economy
A MODERN ECONOMy
Québec’s economy has been transformed over the last few decades.
Long known for its natural resources, the economy now has a
developed service sector that accounts for 71% of real GDP.
High-technology industries are increasingly prominent.
Montréal ranks third in North America in terms of the number of
jobs per capita in high-technology sectors.
A hIghLy EDUCATED AND BILINgUAL wORkFORCE
Québec has a highly educated workforce:
84% of workers have a secondary school diploma or better;
21% hold a university degree.
More than 40% of Quebecers speak French and English:
in the Montréal region, this proportion is 53%;
in addition, 13% speak a third language.
BReakdown of Real gdp peR majoR sectoR - 2005
Unprocessed resources sector (agriculture, mines, forests, fisheries)
Finance, insurance, real estate and leasing 17.1%
Education and health care services 10.8%
Information and culture
Transportation and warehousing 4.4%
Source: Institut de la statistique du Québec.
distRiBution of laBouR in QuÉBec By leVel of schooling
Source: Statistics Canada.
to 8 years of schooling
Post-secondary degree or certificate
QUÉBEC’s UNIvERsITIEs: A POwERFUL ECONOMIC LEvER
With 160 000 students and 11 university institutions, Montréal is known as a top-flight university city:
it has the second-highest ratio of students per capita in North America, just behind Boston;
with more than 200 specialized centres, Montréal is the leader among Canadian university cities in terms of funds dedicated to research.
Québec universities play a key role in the innovation process. For instance:
the University of Sherbrooke is a leader in cellular telephony technology;
Laval University has earned a reputation for research on nutrition and obesity;
McGill University is the Canadian university awarded the most patents by the US Patent and Trademark Office.
Re$earch Money has ranked the Institut national de recherche scientifique (INRS) first among 50 Canadian universities for the intensity of its research.
ECONOMIC AND FINANCIAL PROFILE OF QUÉBEC