Panorama des régions du Québec: upturn of Montréal’s economy

Québec, June 19, 2014 – After the turmoil of the recession that swept Québec in 2008-2009, the administrative region of Montréal has been experiencing an economic boost in recent years. Since 2011, GDP and disposable income per capita have increased in this region at a faster pace. The labor market situation has also improved. In 2013, employment edged up 2.7%, one of the strongest increases in Québec, and the unemployment rate dropped 0.5 percentage points to 9.7%. As for capital expenditures in the public and private sectors, they reached $17.3 billion on the Montréal Island in 2013, an unprecedented level. The Montréal region also stood out demographically, particularly through the extent of international immigration—nearly two-thirds of newcomers reside there. With regards to interregional migration, although the Montréal region still recorded losses in its migration exchanges with other regions of Québec, these losses have decrease slightly in recent years.

This was revealed in the 2014 edition of the publication Panorama des régions du Québec of the Institut de la statistique du Québec, released today on the ISQ website.

Significant increases in northern regions

The northern administrative regions such as Abitibi-Témiscamingue, Nord-du-Québec and Côte-Nord have seen their economic growth pick up in recent years stimulated, among other things, by growth in mining sector activities. Moreover, the Côte-Nord region stood out with the highest growth of GDP and disposable income per capita in 2012.

Tough economic recovery in Outaouais

In contrast, Outaouais’ economy is taking longer to rebound. This region is also the only one to have recently experienced a decline in disposable income per capita. This situation is the result of Outaouais being one of the regions that created the least jobs in Québec in recent years.

A comprehensive picture

The Panorama des régions du Québec compares and illustrates the recent evolution of the 17 Québec administrative regions on various themes, while also providing a wide array of figures, thematic maps, and statistical tables produced by specialists in each field. The analysis was enhanced this year with the addition of a theme on tourism, which reveals that Montréal had the highest occupancy rate of accommodation establishments in 2013, while Lanaudière had the lowest.

Statistics by RCM

This document also contains a special section devoted to statistics by RCM. It reports that most of the RCMs located in the Montréal’s suburban ring are characterized by strong demographic growth as well as a rate of workers and disposable income per capita among the highest in Québec.

The Institut de la statistique du Québec produces, analyses and disseminates official, objective and quality statistical information on various aspects of Québec society. It is the statistical coordinator for Québec and the relevance of its work makes it a strategic ally for decision makers and all those wishing to learn more about Québec.

Sources:

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