Economy of Quebec

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The economy of Quebec is diversified and post-industrial with an average potential for growth. It is highly integrated with the economies of the rest of Canada and the United States. Manufacturing and service sectors dominate the economy. The economic heart of Quebec is the Montreal metropolitan area where half of Quebecers live. This region alone accounts for 53.4% of the province's gross domestic product (GDP), followed by the Quebec City metropolitan area (11.4%), Gatineau (3.2%), Sherbrooke (2.2%), Saguenay (1.9%) and Trois-Rivières (1.8%). In total, Quebec's GDP at market prices was CAD 381 billion or 19% of Canada's GDP. For 2022–23, Quebec's budget was C$136.6 billion. This budget planned to provide $8,9 billion more to the healthcare sector over 5 years. Like most industrialized countries, the economy of Quebec is based mainly on the services sector. Quebec's economy has traditionally been fuelled by abundant natural resources, well-developed infrastructure, and average productivity...

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