This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (May 2008)

The economy of Quebec, is diversified and post-industrial with an average potential for growth. A post-industrial society is a society in which an economic transition has occurred from a manufacturing based economy to a service based economy, a diffusion of national and global capital, and mass privatization. ...

Overview

Quebec has a sub-modern, post-industrial economy with a positive trade balance. Quebec has the second largest GDP of the Canadian provinces. Since the signing of the free trade agreement between Canada and the United States in 1987, Quebec exports to the American market have increased substantially in most sectors. 2005 GDP was US$221.6 billion (at purchasing power parity) making it the 38th largest economy in the world ^[1]. This article is about the Canadian province. ... Balance of trade figures are the sum of the money gained by a given economy by selling exports, minus the cost of buying imports. ... GDP is an acronym which can stand for more than one thing: (in economics) an abbreviation for Gross Domestic Product. ... The Free Trade Agreement (FTA) was a trade agreement reached by Canada and the United States in October of 1987. ... This article is about the year 1987. ...

In 2005, Quebec had a GDP per capita of US$29,163 (PPP). In 2002, it imported US$83.363 billion of goods and services and exported US$92.195 billion. Approximately 81% of all Quebec exports go to the United States. Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... The United States dollar is the official currency of the United States. ...

Government finances

2007-2008 Budget[1]

-Revenue: $61,016,000,000 -Expenses: $61,046,000,000

-Surplus/Deficit: $653,000,000*

Provincial Debt: $128,000,000,000

Note:Finances are in Canadian dollars . This coin features a red-coloured poppy embedded in the centre of a maple leaf above a banner reading Remember - Souvenir. The mint claims that this is the first colour coin in circulation in the world. ...

• Use of budgetary reserve of $200,000,000 caused the budget to be in a surplus.

Exports

In 2002 Quebec exported US$68.245 billion in products ^{[1] [2]}. Also see: 2002 (number). ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ...

• Agricultural products: 3.340 million USD
• Wood and paper: 9.902 million USD
• Textiles: 3.045 million USD
• Minerals and mineral products: 10.598 million USD
• Chemical products and petrochemicals: 3.877 million USD
• Machinery and tools: 4.581 million USD
• Transport materials: 15.750 million USD
• Electrical products, electronics, and telecommunications: 7.172 million USD
• Electricity: 832 million USD
• Non-categorised products: 9.146 million USD

In 2004, Quebec exports were US$53 billion (adjusted for inflation), making up 25.8% of GDP. It is the 34th largest exporter in the world (Canada is 7th). In 2004, Quebec imports were US$53 billion (adjusted for inflation), making up 25.8% of GDP. It is the 30th largest importer in the world (Canada is 8th). The United States dollar is the official currency of the United States. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

Agricultural products

Quebec's imports of agricultural products increased 87% between 1999 and 2002, reaching 3 billion dollars. More than 155 countries exported these products in 2002. The United States alone exported 28% and the European Union exported 28%. The principal imports were various prepared foods, drinks, fruits and nuts, as well as cocoa, coffee, and tea. Events of 2008: (EMILY) Me Lesley and MIley are going to China! This article is about the year. ... Also see: 2002 (number). ... For the act of consuming a liquid through the mouth, see Drinking . ... For other uses, see Fruit (disambiguation). ... For other uses, see Nut (disambiguation). ... For other uses, see Cocoa (disambiguation). ... For other uses, see Coffee (disambiguation). ... For other uses, see Tea (disambiguation). ...

Strong sectors

Aerospace

Quebec's aerospace industry is ranked sixth in the world for its production value. Montreal is the second aerospace centre after Seattle and before Toulouse. There are some 260 companies of the aerospace sector that employ 40,000 people. It includes aerospace companies such as airplane manufacturer Bombardier, jet engine companies Pratt & Whitney and Rolls-Royce Canada, flight simulator builder CAE, and defence contractor Lockheed Martin and L-3 Communications. Various international organisations have established their headquarters in Quebec, notably the International Air Transport Association and the International Civil Aviation Organization. Nickname: Motto: Concordia Salus (well-being through harmony) Coordinates: , Country Province Region Montréal Founded 1642 Established 1832 Government  - Mayor Gérald Tremblay Area [1][2][3]  - City 365. ... City nickname Emerald City City bird Great Blue Heron City flower Dahlia City mottos The City of Flowers The City of Goodwill City song Seattle, the Peerless City Mayor Greg Nickels County King County Area   - Total   - Land   - Water   - % water 369. ... Occitan cross, symbol of Toulouse and of Occitan culture Toulouse (Tolosa in Occitan) is a city in southwest France on the banks of the Garonne River, half-way between the Atlantic Ocean and the Mediterranean Sea. ... For other uses, see Bombardier (disambiguation). ... Pratt & Whitney is an American aircraft engine manufacturer whose products are widely used in both civil and military aircraft. ... Rolls-Royce North America is a subsidiary of Rolls-Royce plc involved principally in the manufacture of gas turbine engines and other propulsion systems. ... CAE TSX: CAE NYSE: CGT (which once stood for Canadian Aviation Electronics, but now has no official meaning), is a leading provider of simulation technologies, modelling technologies and integrated training services to airlines, aircraft manufacturers, and defense customers worldwide. ... Lockheed/BAE/Northrop F-35 Lockheed Trident missile C-130 Hercules; in production since the 1950s, now as the C-130J Lockheed Martin (NYSE: LMT) is an aerospace manufacturer formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. ... L-3 Communications Holdings, Inc. ... “IATA” redirects here. ... The International Civil Aviation Organization (ICAO), an agency of the United Nations, codifies the principles and techniques of international air navigation and fosters the planning and development of international air transport to ensure safe and orderly growth. ...

Finance

The Finance, insurance, real estate and leasing industry employs 218,000 people ^[2], including the largest money manager in Canada, Caisse de dépôt et placement du Québec. The Caisse de dépôt et placement du Québec manages public pension plans in the Canadian province of Québec. ...

Ground transportation

Quebec's ground transportation industry generated $7.2 billion in revenue at the beginning of 2004. It employs some 35,000 people and includes major original equipment manufacturers such as Bombardier, PACCAR, NovaBUS, Prévost CAR, Komatsu International, and many suppliers and sub-contractors. For other uses, see Bombardier (disambiguation). ... PACCAR, Inc. ... A Nova LFS operated by Grand River Transit. ...

Other transportation

Quebec has eight deepwater ports for merchandise shipping, and in 2003 9.7 million tons of merchandise was carried by 3,886 cargo ships through the Saint Lawrence Seaway. The income created by this traffic is over $90 million per annum. The Eisenhower Locks in Massena, NY. The St. ...

The Port of Montreal is the second biggest container handling port in Canada. Located on one of the largest navigable rivers in the world, the Saint Lawrence River, it is the third largest port in northeastern North America. Annual revenues of about $2 billion are created, along with 17,600 direct and indirect jobs. The Port of Montreal, located in Canadas second largest metropolis, is one of the busiest on the North American continent, and the largest inland port on Earth. ... a broat veiew of the St LAwrence River, with a Quebec City on a background The Saint Lawrence River (In French: fleuve Saint-Laurent) is a large south west-to-north east flowing river in the middle latitudes of North America, connecting the Great Lakes with the Atlantic Ocean. ...

Besides Montreal, other deepwater ports are located in Trois-Rivières and Bécancour, as well as in Sorel, Baie-Comeau, Port-Cartier and Sept-Îles. The last four ports specialise in handling bulk cargo and heavy merchandise. Location City Information Established: January 1, 2002 Area: 228. ... Slogan: De nature énergique (An energetic nature) Website: Bécancour. ... Sorel Town in central Quebec at the confluence of the Richelieu River and the St. ... Baie-Comeau, Québec (2006 City Population 22,554; UA population 10,178; CA population 29,808) is a town located approximately 420 kilometers north-east of Quebec City in the Côte-Nord region of the province of Québec, Canada. ... Port-Cartier is a town in the Côte-Nord region of Quebec, Canada. ... Sept-ÃŽles (French for Seven Islands)is a city in the Côte-Nord region of eastern Quebec, Canada. ...

Information technology

Employing over 100,000 workers, Quebec's information technology sector is strong and growing. Of the total Canadian venture capital funding 52 % is managed in Quebec with 61 % of available funds invested in technology. Information and communication technology spending in 2005 Information Technology (IT), as defined by the Information Technology Association of America (ITAA), is the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware. ...

Particularly strong are the sectors of telecommunications, multimedia software, computer services and consulting, microelectronics and components. Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... Look up Multimedia in Wiktionary, the free dictionary. ... Microelectronics is a subfield of electronics. ...

Some 10,000 people work for 115 telecommunication companies such as Bell Canada, Ericsson, Motorola, and Mitec. Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc. ... For other uses, see Ericsson (disambiguation). ... Motorola Inc. ...

The multimedia sector is quite strong and even stronger since the arrival of Electronic Arts in 2003. Some 5800 people work for game development companies such as Ubi Soft, Microïds, Strategy First, A2M, and Eidos Interactive. Electronic Arts (EA) (NASDAQ: ERTS) is an American developer, marketer, publisher, and distributor of computer and video games. ... Ubisoft Entertainment (formerly Ubi Soft) is a computer and video game publisher and developer headquarted in Montreuil-sous-Bois, France. ... Microïds (also known as MC2-Microïds because of their fusion with the group MC2 in 2003) was a French software company. ... Strategy First is a software company based in Montreal, Canada. ... A2M Home Page. ... Eidos Interactive is a publisher of video and computer games with its parent company based in England. ...

Notably, Montreal is home to two major creators of 3D animation software: Softimage and Autodesk Media and Entertainment Division. A Canadian 46¢ stamp honoring Softimage. ... Autodesk Media and Entertainment, formerly Discreet, is based in Montreal, Quebec as the entertainment division of Autodesk. ...

The computer services, software development, and consulting branch employs 60,000 specialized workers.

The microelectronics sector is strong, with 110 companies employing 12,900 people. The largest employers are Hyperchip, IBM, and Matrox. For other uses, see IBM (disambiguation) and Big Blue. ... Matrox Electronic Systems Ltd is a Canadian company based in Dorval, Quebec, which produces video card components and equipment for personal computers. ...

Optics and photonics

In 2004, some 8000 people were employed in the Quebec optics and photonics industries. Research-related jobs are concentrated chiefly in the seven Quebec City region research centres, while production operations are mostly located in the Greater Montreal area. Quebec counts some 20 businesses in the laser, optical fibre, image processing, and related sectors. For other uses, see Laser (disambiguation). ... Fiber Optic strands An optical fiber in American English or fibre in British English is a transparent thin fiber for transmitting light. ... UPIICSA IPN - Binary image Image processing is any form of information processing for which the input is an image, such as photographs or frames of video; the output is not necessarily an image, but can be for instance a set of features of the image. ...

Biotechnology

Quebec has some 130 companies employing 4700 people in the biotechnology industry. Some of the companies with facilities include Pfizer, Novartis and Merck-Frosst Pfizer Incorporated (NYSE: PFE) is a major pharmaceutical company, which ranks number one in the world in sales[2]. The company is based in New York City. ... Novartis headquarters in Basel Suffern, New York: the sole Novartis pharmaceutical production facility in the United States. ...

Health industry

With 381 companies and 24,550 employees in the pharmaceutical, research and development, manufacturing, and related sectors, the Quebec health industry is one of the most important economic stimuli of modern Quebec. With the presence of some 20 multinationals such as Merck, Johnson & Johnson, Pfizer, Aventis, and Bristol-Myers Squibb, Montreal ranks eighth in North America for the number of jobs in the pharmaceutical sector. Merck & Co. ... Johnson & Johnson (NYSE: JNJ) is a global American pharmaceutical, medical devices and consumer packaged goods manufacturer founded in 1886. ... Pfizer Incorporated (NYSE: PFE) is a major pharmaceutical company, which ranks number one in the world in sales[2]. The company is based in New York City. ... Aventis was formed in 1999 when Rhône-Poulenc S.A. merged with Hoechst AG. The merged company was based in Strasbourg, France. ... Bristol-Myers Squibb (NYSE: BMY), colloquially referred to as BMS, is a pharmaceutical corporation, formed by a 1989 merger between pharmaceutical companies Bristol-Myers Company, founded in 1887 by William McLaren Bristol and John Ripley Myers in Clinton, NY (both were graduates of Hamilton College), and Squibb Corporation. ...

Tourism industry

In 2003, tourism-related expenditures amounted to C$7.3 billion. Some 27.5 million trips were made in Quebec, 76 % of which were made by Quebecers themselves, 13 % by Canadians, 8 % from the United States and 3 % from other countries. Almost 330,000 people are employed in the tourism sector, working in over 34,000 businesses. Quebec is listed among the top 20 best tourist destinations in the world, and the City of Quebec is the only fortified city in North America north of Mexico. Nickname: Motto: Don de Dieu feray valoir (I shall put Gods gift to good use; the Don de Dieu was Champlains ship) Coordinates: , Country Canada Province Quebec Agglomeration Quebec City Statute of the city Capitale-Nationale Administrative Region Capitale-Nationale Founded 1608 by Samuel de Champlain Constitution date...

The most visited cities are Montreal and Quebec City. Quebec is a popular tourist destination. Nickname: Motto: Concordia Salus (well-being through harmony) Coordinates: , Country Province Region Montréal Founded 1642 Established 1832 Government  - Mayor Gérald Tremblay Area [1][2][3]  - City 365. ... Nickname: Motto: Don de Dieu feray valoir (I shall put Gods gift to good use; the Don de Dieu was Champlains ship) Coordinates: , Country Canada Province Quebec Agglomeration Quebec City Statute of the city Capitale-Nationale Administrative Region Capitale-Nationale Founded 1608 by Samuel de Champlain Constitution date...

Hydroelectricity

Quebec is Canada's leader in the hydroelectric energy production ^[3] (see: List of hydroelectric stations in Quebec). The Government of Quebec is the sole shareholder of Hydro-Québec, which is the world's largest producer of hydro-electric power and employs 46,000 people. Hydro-Québec not only generates and distributes electricity, it also does active research in energy-related fields and energy conservation. This is a list of hydroelectric generating stations in Quebec, Canada. ... Hydro-Québec is a crown corporation that provides hydroelectric power for Quebec, Canada and the north-eastern parts of the United States. ...

Aluminium and magnesium

Alcan is the world's second largest aluminium manufacturer and is based out of Montreal. Alcan (ALaska CANada) is also one of the common names for the Alaska Highway that connects Dawson Creek, British Columbia, with Fairbanks, Alaska. ... Aluminum redirects here. ... Nickname: Motto: Concordia Salus (well-being through harmony) Coordinates: , Country Province Region Montréal Founded 1642 Established 1832 Government  - Mayor Gérald Tremblay Area [1][2][3]  - City 365. ...

Forestry

Quebec's wood products and pulp and paper industries generate annual shipments valued at more than $18 billion. The forest products industry ranks second in exports, with shipments valued at almost $11 billion. It is also the main, and in some circumstances only, source of manufacturing activity in more than 250 municipalities in the province.

Quebec has a plentiful source of renewable forest resources, with forests extending over an area of nearly 760,000 square kilometres and generating an annual allowable cut of about 55 million cubic metres.

Mining

Quebec is one of the ten largest producers in the world in the mining sector. It is the second largest producer of gold and iron in Canada, the second largest producer of metallic substances in Canada, the second largest producer of industrial minerals and construction materials in Canada, and the world's second largest producer of niobium. The province has 30 mines, 158 exploration firms, and 15 primary processing industries. Approximately 30 minerals are mined, with the most important being gold, iron, titanium, asbestos, copper, zinc, and silver. About 40% of Quebec's mineral potential is now known. In 1999 the value of mineral shipments from the province was about $3.6 billion. The mining industry accounts for almost 18,000 direct jobs and investment approaching $1 billion. This article is about mineral extractions. ... GOLD refers to one of the following: GOLD (IEEE) is an IEEE program designed to garner more student members at the university level (Graduates of the Last Decade). ... Fe redirects here. ... For other uses, see Mineral (disambiguation). ... For other uses, see Construction (disambiguation). ... General Name, Symbol, Number niobium, Nb, 41 Chemical series transition metals Group, Period, Block 5, 5, d Appearance gray metallic Standard atomic weight 92. ... This article is about mineral extractions. ... General Name, symbol, number titanium, Ti, 22 Chemical series transition metals Group, period, block 4, 4, d Appearance silvery grey-white metallic Standard atomic weight 47. ... For other uses, see Asbestos (disambiguation). ... For other uses, see Copper (disambiguation). ... General Name, symbol, number zinc, Zn, 30 Chemical series transition metals Group, period, block 12, 4, d Appearance bluish pale gray Standard atomic weight 65. ... This article is about the chemical element. ... Events of 2008: (EMILY) Me Lesley and MIley are going to China! This article is about the year. ...

Abitibi-Témiscamingue was the first region to experience the mining boom. Exploration has since been carried out in the Matagami, Chibougamau, Saguenay-Lac-Saint-Jean, Nord-du-Québec and Côte-Nord regions. for the federal electoral district of a similar name see Abitibi—Témiscamingue Map of Quebec showing Abitibi-Témiscamingue Abitibi-Témiscamingue is a region of Quebec, Canada. ... Matagami is a small town located just before the start of the James Bay Highway. ... Chibougamau is a town in central Quebec, Canada, located on Lake Gilman at 49°54′N 74°22′W. It has a population of 7922 people (2001 census), which makes it the largest community in the Municipality of Baie-James. ... Map of Quebec showing Saguenay-Lac-Saint-Jean The Saguenay-Lac-Saint-Jean region in Quebec, Canada is distinguished by its physical beauty, especially the Fjord du Saguenay, the estuary of the Saguenay River, stretching through much of the region. ... Nord-du-Québec (administrative region) Nord-du-Québec is the largest of the seventeen administrative regions of Québec, Canada. ... Map of Cote-Nord in relation to Quebec Côte-Nord (literally Northern Coast) is the second largest administrative (235,742 km², 17%) region by land area in Quebec, Canada, after Nord-du-Quebec. ...

Exports

International

In 2002, Quebec had international product exports of US$68.245 billion ^{[1] [2]}.

• Food products: US$3,340 million
• Wood and paper: US$9,902 million
• Textiles and clothes: US$3,045 million
• Minerals and mineral products: US$10,598 million
• Chemicals and petrochemical products: US$3,877 million
• Machinery and tools: US$4,581 million
• Transport material: US$15,750 million
• Electrical, electronics, and telecom products: US$7,172 million
• Electricity: US$832 million
• Uncategorized products: US$9,146 million

By country ^[1]:

• United States - CAD$ 56,046 Million
• United Kingdom - CAD$ 1,543 Million

References

See also

• Quebec
• Economy of Canada
  • Economy of Ontario
• Economy of the United States

This article is about the Canadian province. ... Canada is one of the worlds wealthiest nations, and a member of the Organization for Economic Co-operation and Development (OECD) and Group of Eight (G8). ... The Toronto-Dominion Centre in Toronto The Economy of Ontario is a rich and diversified economy. ... The economy of the United States has been the worlds largest national economy since the late 1890s;[1] its gross domestic product (GDP) was estimated as $13. ...

External links

• Quebec's Institut de la statistique

v • d • e Topics on Quebec History Timeline of Quebec history: Beginnings to 1533 · 1534 to 1607 · 1608 to 1662 · 1663 to 1759 · 1760 to 1773 · 1774 to 1790 · 1791 to 1840 · 1841 to 1866 · 1867 to 1899 · 1900 to 1930 · 1931 to 1959 · 1960 to 1981 · 1982 to present Topics: Current Events Politics Political parties · General elections · The Quebec Act • Monarchy in Quebec • Lieutenant Governor • Cabinet • Premiers • Leaders of the Opposition • Legislature • Electoral districts Geography National Parks • Provincial parks • Rivers • Natural History • Geography • Demographics Economy Agriculture • Highways • Railways • Airports • Buildings and Structures Demographics Aboriginal peoples · Demographic history · Religion · Language demographics Culture Architecture · Art · Cinema · Education · Famous Quebecers · Holidays · Identity · Literature · Music · Nationalism · Sport · Theatre · Comic strips · Dance · Cuisine Symbols Coat of Arms · Fleur-de-lis · National Flag · Je me souviens Communities Census Divisions • Regions • Cities