Quebec+Economics

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Québec : A Vibrant Economy[[image:homepage_pic.jpg align="right"]]
Over the last number of years, Québec has had a strong economic performance. The largest Canadian province, Québec has a gross domestic product (GDP) of about $300 billion Canadian, 70 % of which comes from the service sector. The GDP is equivalent to approximately US$265 billion or $EUR190 billion.

International Economic Comparaisons
Even though it is not a country, the scope of the province of Québec's economy compares with that of Portugal. Québec's economy therefore ranks 50 most important in the world, and 21st in comparaison with the Organisation for Economic Co-operation and Development (OECD) countries. Regarding Québec's GDP per person, it surpasses that of Spain, Italy and Greece. For further information, please consult the supplementary international comparaisons.

The Economy by Administrative Region Québec is split into 17 administrative regions. Each of its regions has distinct economic forces, which makes it possible to draw up an economic profile for each one of them. This profile, broken down by sections, informs you on the demography, the workforce, private and public investments, manufacturing statistics, personal income, exports, and knowledge economy.

The forces impacting Québec's economy :
 * Science and Technology
 * Import/Export
 * Tourism
 * Transportation
 * Natural Resources
 * Sectors of Excellence

All of the information comes from the following website: [|Quebec Economy] The above image came from Economy Image Average Weekly Income = 697.15 All of the above information comes from the following website: [|Quebec Economy Employment]

Exports Québec exports its goods and services across Canada and around the globe. Exports totaled $133.8 billion (CAD) in 2009, representing 44.5% of Québec’s Gross Domestic Product (GDP). Of this total, the share of international exports is 57.5%, whereas that of interprovincial exports stands at 42.5%. Moreover, goods account for 72.5% of this trade while services represent 27.5%.
 * Aluminum and alloys: $4.9 billion CAD
 * Airplanes with engines: $6.1 billion CAD
 * Newsprint: $2.3 billion CAD
 * Airplane engines and parts: $2.3 billion CAD
 * Other measuring, medical and optical equipment: $1.8 billion CAD

Imports In 2009, Québec imports $159.5 billion (CAD) worth of goods and services, representing 53.0 % of its GDP. International imports account for 61.2 % of the total as compared to 38.8 % for interprovincial imports. Meanwhile, the share of imports of goods stands at 72.4 % as compared to 27.6 % for services.
 * Crude oil: $9.0 billion CAD
 * Automobiles and chassis: $6.2 billion CAD[[image:economy2.jpg width="310" height="234" align="right"]]
 * Other oil and coal derivatives: $2.3 billion CAD
 * Medicinal and pharmaceutical products, in dosage: $3.0 billion CAD
 * Airplanes with engines: $2.1 billion CAD

Import and export infrastructures
Québec has very efficient export infrastructures (transport), whether maritime, rail, road or air transport. These infrastructures have contributed to the increase in national and international exports.

Free Trade Agreements
Québec benefits from numerous free trade agreements signed by Canada with various countries. The purpose of these agreements is to foster trade among the signatory states and to integrate Québec into the economic and trading networks of the continent. As Canada is a signatory country, under the North American Free Trade Agreement (NAFTA), Québec has access, among others, to a market of 130 million consumers within a 1.000 kilometres radius.

The above information was found at Quebec Economy Import/Export The above picture was found at Quebec Economy Image Export Currency **Money:** The currency used is the Canadian Dollar (CAD), which is divided into 100 cents. One-dollar coins are also known as loonies (due to the picture of a loon, a type of bird, on the coin), and two-dollar coins as toonies. Banks and bureaux de change will change money and travellers cheques, as will some hotels, but the rate will not be as good. Major credit cards are widely accepted and ATMs are plentiful. US Dollars are largely accepted, though due to fraud, larger notes might not be and change is usually given in Canadian dollars.


 * Currency Exchange Rates: C$ 1.00 = US$ 1.00**

The above information comes from the following website: [|Quebec Currency]